The Hamptons rental market has seen significant change post-pandemic, transitioning from longer three-month stays to shorter rentals of weeks or a month. This shift complicates data analysis as the rental numbers vary widely among brokerages. A reported 30% decline in rentals by one brokerage contrasts with a 27% increase reported by an online platform. This discrepancy underscores the challenges in accurately assessing the rental landscape, leading to debates on the validity of the data used by media reporting.
Sizing up the Hamptons rental market on an empirical basis has always been a challenge. Data are often incomplete, disjointed or biased toward the collector.
Renters are more interested in heading out for a couple of weeks, a month at a time or even shorter-term stints at one of the hotels popping up across the East End.
The Hamptons rental market does not have an accurate efficient database, the account stated. Firms can only tell you what their individual firm is doing year-over-year.
StayMarquis reported a 27 percent annual uptick, compared to a 30 percent decline at a brokerage like William Raveis.
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