“Since Donald Trump was elected president, occupancy rates at his namesake luxury property in Manhattan have plummeted, as the building has become one of the least desirable in New York City.
Trump Tower has experienced an occupancy rate drop from 99 percent to 83 percent since 2012, according to a report published by Bloomberg on Tuesday. The building's vacancy rate is about twice the average for buildings in Manhattan.
Property records obtained by the news outlet show that more than a dozen condos have been sold since the 2016 election. According to transaction records from nine of the condos, eight of the units were sold at an inflation-adjusted loss.
"No one wants in that building."”
Trump Tower has experienced an occupancy rate drop from 99 percent to 83 percent since 2012, according to a report published by Bloomberg on Tuesday. The building's vacancy rate is about twice the average for buildings in Manhattan.
Property records obtained by the news outlet show that more than a dozen condos have been sold since the 2016 election. According to transaction records from nine of the condos, eight of the units were sold at an inflation-adjusted loss.
"No one wants in that building."”