Trump Tower Condos Reach Record Prices in 2018
Trump Tower condos in Chicago reached record prices last year thanks to several high-profile transactions, but overall sales are still down over the last few years.
According to new stats, Trump Tower recorded 20 sales in 2018, including a spectacular 87th floor penthouse that traded for a whopping $9.4 million. In addition, a separate penthouse condo on the 88th floor also sold last year for $7.7 million, helping push the average price per square foot in 2018 to $930—the highest price point in the building’s 10-year history.
While last year’s 20 sales were up from 17 sales in 2017, Trump Tower saw 56 sales in 2105 before Donald Trump began his campaign to run for president.
Despite the name on the side of the building, Trump has no financial stake in the condo section of Trump Tower. As for the hotel side, bookings have reportedly declined, falling 8 percent between 2015 and 2016.