Residents living in Trump Tower appear to be trying to leave the building after Donald Trump‘s win in the presidential election, according to an examination of sales and rental listings by The Hollywood Reporter.
The report finds that no fewer than 31 apartment units in the Manhattan skyscraper—which has been the site of protests and traffic jams ever since the election—are for sale or rent, and including apartments that were recently pulled off the market, more than 14% are available, changing hands or remain unsold.
Although it’s not certain why owners and tenants of the building might want to leave, The Hollywood Reporter found that about 39% of apartment prices have been reduced this year, while the number of apartments put up for sale or rent has increased significantly since March. Apartment units for sale in Trump Tower aren’t going quickly, either, according to the report; the average Trump Tower apartment for sale has been on the market for 188 days, about 50% longer than the average luxury unit.
Trump Tower has become the setting for the President-elect’s many interviews for potential cabinet and other administration posts, drawing media and protesters every day since the election. His wife Melania Trump may continue living there after the inauguration to avoid disrupting their son Barron’s schooling.
The lower prices at Trump Tower come even as the luxury real estate market in the rest of midtown Manhattan has seen prices rise.
