PadSplit Expands Shared Housing to San Francisco, New York, and Chicago

PadSplit, the largest co-living marketplace in the U.S., has announced its expansion into three of the nation's most supply-constrained housing markets: the San Francisco Bay Area, the New York metropolitan area, and Chicago. The company is actively seeking property owners with available rooms, owner-occupied homes, and underutilized rental properties to join its platform and help increase the supply of affordable housing.

The expansion aims to address rising housing costs and low vacancy rates in these major metropolitan areas. PadSplit's platform provides property owners with tools for resident screening, rent collection, and maintenance coordination. The company also offers HostGuard, a protection program designed to support property owners with issues such as property damage and resident removal.

In San Francisco, PadSplit's expansion is supported by the City's Housing Accelerator Fund (HAF). HAF CEO Rebecca Foster stated that the partnership is an "exciting opportunity to activate underutilized units and bring more affordable housing options online." This initiative aims to leverage existing properties to meet housing demand.

PadSplit Founder and CEO Atticus LeBlanc described these markets as presenting "the greatest opportunities for shared housing," despite their challenges. He noted that as housing costs rise, renting a room is becoming an essential option for many workers. Founded in 2017, PadSplit currently operates in over 40 markets, offering more than 39,000 furnished rooms and having housed over 90,000 individuals nationwide.