Trump Organization gets boost from office space

Trump Organization gets boost from office space
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The Trump Organization is getting a boost in revenues from its commercial and office properties at a time when revenue from its hotel business may be falling, according to a new report from The New York Times.

The report includes an interview with Eric TrumpEric Frederick TrumpTrump has discussed possible pardons for three eldest children, Kushner: report Lara Trump mulling 2022 Senate run in North Carolina: report Juan Williams: Defeated Trump is in legal peril MORE, who tells the Times "our office buildings are killing it."

“It is underappreciated,” Eric Trump states.


The revenue from office properties, which according to the Times includes office towers in midtown Manhattan and Wall Street as well as San Francisco, is coming at a pivotal time for the Trump Organization. 

The Times reports that as that revenue rises, revenue from the organization's hotels and golf courses appears to be stagnant. Some hotels in the Trump Organization have seen declines, or have not been able to keep up in pricing with competitors, the Times said.

President TrumpDonald John TrumpTrump alludes to possible 2024 run in White House remarks Trump threatens to veto defense bill over tech liability shield Tiger King's attorney believes they're close to getting pardon from Trump MORE's tenure at the White House has been divisive. While Trump's base adores the president, millions vehemently oppose him. Protests and demonstrations have occurred regularly at the Trump property in Washington, D.C.

While the hotel is popular with Republicans, the Trump Organization recently put it on the market.

The Times reported that total company revenues have been steady, though it said it was not possible to determine total losses or profits since the organization only reports its total revenues. 

But the Times said the organization's property at 40 Wall Street, which is near the New York Stock Exchange, has seen its revenue nearly double since 2015.