Empire State Realty Trust, Inc. Overview
Pro stress-test →Empire State Realty Trust is a leading REIT that owns, manages, and operates modernized office and retail properties in Manhattan and the greater NY metro area. ESRT's flagship Empire State Building features its iconic Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards. The company is strategically positioned as a pure-play New York market real estate investor with iconic assets and a focus on sustainability.
Strategic Profile
Pro stress-test →The commercial portfolio stands at 93.6% leased with more than 1 million square feet leased in 2025, and the company has delivered 4 consecutive years of occupancy growth and positive New York City office rent spreads. ESRT is the leader in Sustainability and Energy Efficiency, with a focus on ROI-driven investment, and its commitment to Indoor Environment Quality is unmatched. Management is executing a portfolio transformation strategy centered on NYC acquisitions and operational excellence.
Competitive Landscape
Pro stress-test →ESRT is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. The company competes with other office REITs in the challenging Manhattan market, including Paramount Group, SL Green Realty, and Vornado Realty Trust. ESRT differentiates through iconic Empire State Building asset, sustainability leadership, and focus on tenant amenities and occupancy growth.
Industry Context
Empire State Realty Trust, Inc. operates in Real Estate Investment Trust (Office, Retail & Multifamily).
Key facts
Founded: 2013 · Headquarters: New York, US · Revenue: $0.77B · Market cap: $0.99B