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Empire State Realty Trust

111 West 33rd Street, 12th Floor
New York, NY 10120
empirestaterealtytrust.com
Empire State Realty Trust is a real estate investment trust based in Manhattan and best-known for owning the Empire State Building at East 34th Street and Fifth Avenue. It also owns eight other office buildings in Midtown, including 250 West 57th Street, 1400 Broadway, One Grand Central Place, 111 West 33rd Street and 1350 Broadway.

The ownership and management company, which trades on the New York Stock Exchange as ESRT, also owns five office properties in Connecticut’s Fairfield County and New York’s Westchester County as well as five retail addresses in Manhattan and Westport, Conn.

ESRT grew out of the real estate holdings of the Malkin family—again, most famously, the Empire State Building—which were owned and managed under Wien & Malkin, W&H Properties and Malkin Holdings, among other entities. Peter Malkin and son Anthony Malkin launched ESRT in 2011, and began selling shares in it in 2013, after a sometimes spirited back and forth with other stakeholders regarding going public.

The younger Malkin is ESRT’s chairman, president and chief executive; and the senior Malkin serves as chairman emeritus. The REIT remains one of the most visible and active players in the New York-area commercial real estate market, with major leases and investments.

The REIT has also positioned itself as a sustainability leader among commercial real estate owners and operators. That began even before the 2011 founding of ESRT, with a major retrofitting of the Empire State Building to cut its carbon emissions.

250 West 57th Street.
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1359 Broadway.
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New York City

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New York City

Workers in the Office Are Unhappier Than Their Remote Peers

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Governor Kathy Hochul, former President Bill Clinton and Mayor Eric Adams at the Empire State Building on April 21, 2022.
Politics & Real Estate
New York City

NY State, Landlords Compile Manual on Converting Buildings to Zero Emissions

By Mark Hallum
Premium
Brookfield Properties’ Michael Daschle and RXR’s Michael Aisner opened discussions at REBNY's 2022 PropTech Challenge by explaining the first step for landlords is to install technology that will help them track how energy resources are being used, pinpoint inefficiencies, and adjust as needed.
Design + Construction  ·  Construction
New York City

REBNY’s 2022 PropTech Challenge Attracts Would-Be Carbon Neutrality Trailblazers

By Mark Hallum
Premium
1400 Broadway
Leases  ·  Office
New York City

Signature Bank Expands to 313K SF at 1400 Broadway

By Rebecca Baird-Remba
Premium
Concept artwork by Supernal.
Features
National

Sunday Summary: Russian Oligarchs, Flying Taxis and the Priciest Real Estate Market

By The Editors
Premium
1359 Broadway.
Leases  ·  Office
New York City

Fertility Benefits Firm Progyny Takes 70K SF at 1359 Broadway

By Rebecca Baird-Remba
Premium
1359 Broadway.
Leases  ·  Office
New York City

Telecom Infrastructure Firm Crown Castle Heads to Herald Square

By Rebecca Baird-Remba
Premium
New York city subway
Analysis
New York City

NY’s Future Hinges on Restoring the Confidence of Businesses and Commuters: Forum

By Anna Staropoli
Premium
10 Union Square East
Leases  ·  Retail
New York City

ESRT Signs Leases with AT&T, Subway in Union Square

By Rebecca Baird-Remba
Premium
Adam Neumann in a public interview with The New York Times’ Andrew Ross Sorkin
Features
National

Sunday Summary: Adam Neumann’s Next Act, Monster Leases and More

By The Editors
Premium
561 10th Avenue.
Sales  ·  Residential
New York City

Empire State Realty Trust Acquires Multifamily Buildings in Manhattan

By Mark Hallum
Premium
1400 Broadway
Leases  ·  Office
New York City

Signature Bank Expands by 170K SF at 1400 Broadway

By Rebecca Baird-Remba
Premium
Times Square
Coronavirus  ·  Industry
New York City

NYC Hotel Owners May See Slight Holiday Boost to Business

By Celia Young
Premium
A view of the Empire State Building from the sky as it ascends through clouds.
Coronavirus  ·  Industry
Washington DC

NYC, Miami, LA and DC Preparing to Welcome Back International Tourists

By Celia Young
Premium
1333 Broadway.
Leases  ·  Office
New York City

Empire State Realty Trust Inks 72K SF of Leases in Midtown East, Garment District

By Rebecca Baird-Remba
Premium

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