Trump Tower has become one of New York City’s least desirable luxury buildings, a new report suggests.

Apartment prices at the 58-storey skyscraper have fallen and huge tracts of office space have been left vacant since Donald Trump was elected US president in 2016.

The decline has been put down to potential buyers and tenants being put off by the huge security presence installed at the building, as well as the fact that Mr Trump himself is widely seen as toxic among liberal New Yorkers.

Thirteen apartments have been sold at the 36-year-old building since 2016, property records show. For the nine of those sales where there are relevant public records available, eight went for an inflation-adjusted loss, Bloomberg reports.

By contrast, of 24,871 third-party sales across Manhattan in the same period, just 57 sold at a loss according to real estate analysts PropertyShark – although that figure does not take into account adjustments for inflation.

Inside Trump Tower: New York's least desirable luxury property Show all 13 1 /13 Inside Trump Tower: New York's least desirable luxury property Inside Trump Tower: New York's least desirable luxury property Looking out of the lobby of Trump Tower Philo Ratio Inside Trump Tower: New York's least desirable luxury property A view of the atrium of Trump Tower Sebastian Bergmann Inside Trump Tower: New York's least desirable luxury property Trump tower from across Fifth Avenue S.F. Roberti Inside Trump Tower: New York's least desirable luxury property A view of the atrium inside Trump Tower Julian Stallabrass Inside Trump Tower: New York's least desirable luxury property A counter selling Trump merchandise including his 1987 book The Art of the Deal Takahiro Nagao Inside Trump Tower: New York's least desirable luxury property The Ivanka Trump jewellery shop inside Trump Tower Reuters Inside Trump Tower: New York's least desirable luxury property The waterfall in the atrium of Trump Tower Alistair McMillan Inside Trump Tower: New York's least desirable luxury property The atrium of Trump Tower featuring a Starbucks outlet Fletcher Inside Trump Tower: New York's least desirable luxury property A doorman stands by the lobby elevator in Trump Tower Reuters Inside Trump Tower: New York's least desirable luxury property Donald Trump merchandise for sale in a gift shop of Trump Tower Reuters Inside Trump Tower: New York's least desirable luxury property Trump merchandise on display by the entrance to a bar named after Trump in Trump Tower Reuters Inside Trump Tower: New York's least desirable luxury property Shoppers and diners in the atrium of Trump Tower AFP/Getty Inside Trump Tower: New York's least desirable luxury property A view up Trump Tower Getty

The commercial portion of Trump Tower – located in Fifth Avenue – has fared little better.

More than 42,000 square feet of office space is currently vacant, despite advertising “negotiable” rents at below the area’s normal rates.

Its overall occupancy has plunged from 99 per cent in 2012 to just 83 per cent today – a vacancy rate that is twice the Manhattan average.

And, while the building generated a $10m (£8m) profit last year according to the Trump Organisation, its net income is only 26 per cent of what bankers predicted when they evaluated Mr Trump’s fitness for a $100m loan in 2012.

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