$ESRT

Demand for Class B and C office spaces in Manhattan is rising, with new leasing reaching 7 million square feet in the first half of 2026, surpassing pre-pandemic averages. Class A demand has slightly decreased. Empire State Realty Trust (ESRT) highlights the importance of amenities in attracting tenants, with rents in the low $60s per square foot. Outdoor spaces and meeting areas are in high demand, while fitness centers are less prioritized. According to CoStar, overall office demand in New Yor

New York City’s declines in international tourism over the past year since President Donald Trump assumed office are starting to affect Empire State Realty Trust (ESRT)’s finances. The real estate investment trust (REIT) reported second-quarter funds from operations (FFO) of $57 million, or 21 cents per share, marking a loss of $25.8 million or 15 cents per share from the same period a year ago.

Commercial Observer reports Empire State Realty Trust (ESRT) is marketing 1359 Broadway for sale. The 22-story, 486,000 sq ft building could fetch about $225 million, or $463 per sq ft, with no attached debt. It is 95% leased, including SLCE Architects and Infinium Wall Systems. ESRT recently bought Midtown land and agreed to other acquisitions.

Empire State Realty Trust (ESRT) is marketing its mixed-use property at 1359 Broadway for sale, seeking about $225 million, according to sources cited by Commercial Observer. The 486,000 sq ft, 22-story office and retail building is about 95% leased. Recent leases include Infinium Wall Systems and ESRT deals in Q2 2025. No debt encumbers the property.

United Talent Agency (UTA) will lease 101,000 sq ft at the Empire State Building, covering floors 32-35, according to the New York Post. The asking rent was $96 per sq ft, with three consolidated offices totaling 81,000 sq ft. Lease length was not disclosed. Empire State Realty Trust said the building was 96.1% leased at Q1 end.

LaSalle Investment Management Securities LLC has reported a 5.32% beneficial ownership stake in Empire State Realty Trust (ESRT), totaling 9,058,860 shares, according to an amended SCHEDULE 13G/A filing. The filing, signed on May 18, 2026, indicates LaSalle has sole voting power for 3,519,429 shares and sole dispositive power for all 9,058,860 shares. These holdings are managed across various discretionary accounts, with no single account exceeding a 5% interest in the class.

Principal Financial Group Inc. increased its stake in Empire State Realty Trust, Inc. by 59.6% during the third quarter, acquiring an additional 1,424,066 shares to hold a total of 3,813,895 shares valued at approximately $29.2 million. Other institutional investors like Ameriprise Financial, Goldman Sachs, and Resolution Capital also boosted their positions, contributing to institutional ownership of 67.10% of the company's stock. Empire State Realty Trust, which owns the Empire State Building, recently declared a quarterly dividend of $0.035, yielding 2.1%.

Empire State Realty Trust (NYSE:ESRT) shares recently hit a new 52-week low of $6.36 on high trading volume. Analysts have mixed but cautious outlooks, with a consensus "Hold" rating and an average price target of $8.40, despite a recent downgrade by Wells Fargo. The company pays a quarterly dividend of $0.035, yielding 2.2%, and institutional investors hold a significant portion of its shares, with recent increases in positions.

Image source: The Motley Fool.Thursday, Oct. 30, 2025, at 12 p.m. ETNeed a quote from a Motley Fool analyst? Email pr@fool.comContinue reading ...

Empire State Realty Trust ( NYSE:ESRT ) , the real estate investment trust known for its Manhattan office buildings and the Empire State Building Observatory, released its Q2 2025 earnings on July 23, 2025. The key news was GAAP revenue of $191.3 million, topping analyst estimates of $188.5 ...