Empire State Realty OP, L.P. Overview
Pro stress-test →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
Pro stress-test →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
Pro stress-test →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 Office REITs.
Key facts
Founded: 2013 · Headquarters: New York, US · Employees: 642 · Revenue: $767.81 million (2025) · Market cap: N/A