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StreetEasy’s rental listings plummet as agents push back against fee

Zillow’s Spencer Rascoff and Compass’ Gabriele Sewtz

If StreetEasy wanted to test the loyalty of the city’s rental agents, they have their answer.

Within 24 hours of introducing a new $3-per-day fee for rental listings, the number of rentals posted on StreetEasy’s platform plummeted 55 percent from 30,967 on Monday to 13,978 on Tuesday, according to inventory data obtained by The Real Deal. The figure rebounded slightly by Wednesday morning to 15,880 rental listings, according to an analysis by brokerage Triplemint.

In Brooklyn, the number of listings fell from around 10,721 on Monday to 4,078 on Tuesday — a 62 percent decline, Triplemint’s data shows. Manhattan dropped 45.5 percent from 15,531 rental listings on Monday to 8,469 on Tuesday. Queens experienced a 69 percent drop, with the number of listings falling from 3,852 on Monday to 1,192 on Tuesday.

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