Empire State Realty Trust (NYSE: ESRT) is a New York City-focused REIT that owns and operates office, retail, and multifamily properties in Manhattan and the greater New York metropolitan area. The company traces its heritage to Lawrence A. Wien, who created a realty syndicate in 1934, and evolved through its predecessor Malkin Holdings LLC. Founded in 2011 and taken public in October 2013, ESRT owns the Empire State Building, which houses the company's headquarters and operates an observatory that attracts over 2.6 million annual visitors. As of March 31, 2026, the portfolio consists of approximately 8.0 million rentable square feet of office space, 0.8 million rentable square feet of retail space, and 743 residential units. The REIT's investment strategy focuses on recycling capital from non-core suburban assets into high-quality New York City assets. In April 2026, Empire State Realty Trust acquired a newly constructed retail asset at 41-55 North 6th Street in Williamsburg, Brooklyn for $46 million. This acquisition, combined with the mid-2025 purchase of 86-90 North 6th Street, completed the redeployment of investment capacity from the December 2025 disposition of Metro Center. The company maintains 100% geographic concentration in the New York City market, with all office properties located in Manhattan. Recent leasing activity includes long-term renewals and expansions with tenants including Burlington, TJ Maxx, Nespresso, JP Morgan Chase, and new leases with Instacart and United Talent Agency.
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