In yet another example of Donald Trump’s business acumen, the value of his buildings has dropped by half since he started his run for the presidency, New York real estate magazine Curbed reports.
According to Curbed, “The average price per square foot of a Trump property in 2016 was $3,346. After his election and inauguration, it immediately dropped in 2017 to $1,903, and in 2020 it sunk again, to $1,619.”
That’s a loss of more than 50% drop, whereas the rest of the Manhattan real estate market has dropped just 9%.
Combined with his other business losses, a real estate loss would continue to handcuff Trump’s retirement.