Prices at Trump’s NYC buildings have plummeted in the latest sign that his name is ‘radioactive’

Prices at Trump’s NYC buildings have plummeted in the latest sign that his name is ‘radioactive’

Account active since After a tumultuous one-term presidency, a violent insurrection by supporters, and a retirement to Florida, the Trump name has attracted some negative connotations. And his real-estate holdings are feeling the heat: According to Curbed's analysis of a report from real-estate data firm UrbanDigs, Trump-branded Manhattan properties have lost half their value since Trump first took office. UrbanDigs “” which looked at the seven luxury buildings in Manhattan that still bear the Trump moniker, and three that used to “” found that even properties that formerly had Trump in their names lost 17% of their value since 2016. By comparison, the overall price per square foot decline in Manhattan over the same period was just 9%. In 2016, the average price per square foot in seven NYC properties run by his real-estate behemoth, the Trump Organization, was $3, 346, according to the report. In 2017, following Trump's election and inauguration, that figure sunk to $1, 903; by 2020, it was at $1, 619. That's a drop of 51% from its 2016 price. The average price per square foot for Manhattan properties was $1, 995 in 2016, dipping to $1, 815 in 2020 “” a mere 9% decrease, Curbed