Trump Tower Ranks as One of the Least Desirable Properties in NYC
- 5 years ago
Trump Tower Ranks as One of the
Least Desirable Properties in NYC Trump Tower has suffered greatly in the past two
years due to Trump’s presidency, with some condos
selling for more than a 20% loss on the market. The New York City landmark used
to attract big names such as Michael
Jackson and Steven Spielberg. It’s associated heavily with the
unpopular Trump name and the Russian
scandal surrounding his presidency. The building's occupancy rate has plunged
to 83%, making its vacancy rate double
the average in Manhattan. According to investors,
Trump hasn't updated the
tower in years, adding
to its undesirability. The commercial portion of the building
has also struggled, with more than 42,000
square feet of vacant office space. The only boost in sales has come from his 2020
campaign team, who have spent over $890,000
in the past two years to rent space in the building.
Least Desirable Properties in NYC Trump Tower has suffered greatly in the past two
years due to Trump’s presidency, with some condos
selling for more than a 20% loss on the market. The New York City landmark used
to attract big names such as Michael
Jackson and Steven Spielberg. It’s associated heavily with the
unpopular Trump name and the Russian
scandal surrounding his presidency. The building's occupancy rate has plunged
to 83%, making its vacancy rate double
the average in Manhattan. According to investors,
Trump hasn't updated the
tower in years, adding
to its undesirability. The commercial portion of the building
has also struggled, with more than 42,000
square feet of vacant office space. The only boost in sales has come from his 2020
campaign team, who have spent over $890,000
in the past two years to rent space in the building.