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Empire State Realty OP, L.P.: Business Overview, Financials & Competitive Analysis

Empire State Realty OP, L.P. is a real estate investment trust that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company's real estate activitie...

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What's in This Report
Empire State Realty OP, L.P. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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4/ 10Mixed

Cyborg Score thesis

Manhattan-focused office REIT with iconic asset portfolio facing headwinds from office market weakness and scale...

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Industry Real Estate Investment Trusts (REITs)
3 named competitors
4 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: November 9, 2026
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Empire State Realty OP, L.P. Overview

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Empire State Realty OP, L.P. is a real estate investment trust that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company's real estate activities are principally office assets located in Manhattan. The company also operates the 86th and 102nd floor observatories at the Empire State Building.

Strategic Profile

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The portfolio comprises approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units. Empire State Realty OP, L.P. is the entity through which Empire State Realty Trust, Inc. conducts all of its business. The company is a recognized leader in energy efficiency and indoor environmental quality.

Competitive Landscape

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Empire State Realty OP competes in the Manhattan office REIT market alongside institutional landlords. Primary competitors include other publicly traded office REITs with New York City exposure, such as SL Green Realty and Paramount Group, as well as private investors and institutional capital managing Manhattan office properties. The company differentiates through its iconic Empire State Building asset and observatory operations, though this represents a small portion of overall portfolio value.

Industry Context

Empire State Realty OP, L.P. operates in Real Estate Investment Trusts (REITs).

Key facts

Founded: 2013 · Headquarters: New York, US · Employees: 642 · Revenue: $767.81 million (2025) · Market cap: N/A

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on Empire State Realty OP, L.P..

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

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Industry context

Empire State Realty OP, L.P. operates in Real Estate Investment Trusts (REITs). See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Empire State Realty OP, L.P. do?+
Empire State Realty OP, L.P. is a real estate investment trust that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company's real estate activitie...
What is Empire State Realty OP, L.P.'s Cyborg Score?+
Empire State Realty OP, L.P. has a Cyborg Score of 4/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Empire State Realty OP, L.P.'s main competitors?+
Named competitors include SL Green Properties, Paramount Group, Vornado Realty Trust. The full competitive landscape is in the AskCyborg report.
How can I get the full Empire State Realty OP, L.P. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Empire State Realty OP, L.P. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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