someoneyouknow
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The Trump National Doral Miami has reported a steep drop in profit since 2015, according to the Washington Post.
Since 2015 net operating income fell by 69%, the paper reported, citing Trump Organization documents.
Trump Tower’s occupancy rate has plunged over the last seven years to 83% from 99%, giving it a vacancy rate that’s about twice Manhattan’s average.
"If I were looking for office space, that would be a building I’d want to avoid," said Edward Son, until recently a market analyst for CoStar Group Inc.
https://www.bbc.com/news/world-us-canada-48275796
https://www.bloomberg.com/news/articles/2019-05-14/trump-tower-is-now-one-of-nyc-s-least-desirable-luxury-buildings
Since 2015 net operating income fell by 69%, the paper reported, citing Trump Organization documents.
Some flats at the skyscraper - where Mr Trump ran his 2016 presidential campaign and filmed TV show The Apprentice - have been sold at losses as high as 20%.
In Manhattan, only 0.23% of homes over the last two years have sold at a loss, according to data provider PropertyShark.
In Manhattan, only 0.23% of homes over the last two years have sold at a loss, according to data provider PropertyShark.
Trump Tower’s occupancy rate has plunged over the last seven years to 83% from 99%, giving it a vacancy rate that’s about twice Manhattan’s average.
"If I were looking for office space, that would be a building I’d want to avoid," said Edward Son, until recently a market analyst for CoStar Group Inc.
One of the building’s other problems is that Trump hasn’t spent much money updating the tower in recent years, according to disclosures to investors.
“I don’t think I would want an office in Trump Tower,” Res said. “Why would you go there? It’s a wonder he doesn’t have 50% vacancy.”
“I don’t think I would want an office in Trump Tower,” Res said. “Why would you go there? It’s a wonder he doesn’t have 50% vacancy.”
https://www.bbc.com/news/world-us-canada-48275796
https://www.bloomberg.com/news/articles/2019-05-14/trump-tower-is-now-one-of-nyc-s-least-desirable-luxury-buildings
