\begin{tabular}{lcccc} \toprule & \textbf{250m} & \textbf{500m} & \textbf{1km} & \textbf{2km} \\ Dep.\ var: & \textit{log\_rent} & \textit{log\_rent} & \textit{log\_rent} & \textit{log\_rent} \\ \midrule Airbnb count & 0.009272*** & 0.003826*** & 0.001589*** & 0.000612*** \\ & (0.000636) & (0.000221) & (0.000080) & (0.000028) \\[4pt] Controls & Yes & Yes & Yes & Yes \\ City FE & Yes & Yes & Yes & Yes \\ \midrule Observations & 7,925 & 7,925 & 7,925 & 7,925 \\ R$^2$ & 0.5026 & 0.5081 & 0.5167 & 0.5205 \\ \bottomrule \end{tabular} \parbox{\textwidth}{\footnotesize Robust (HC1) standard errors in parentheses. Controls: bedrooms, bathrooms, building-type dummies. $^{***}p<0.01$; $^{**}p<0.05$; $^{*}p<0.10$.}