#empire-state-realty-trust

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#reit-performance #remotehybrid-work-impact #tourism-slowdown #manhattan-office-market
NYC real estate
fromBenzinga
1 month ago

NYC's Empire State Building Is Feeling The Squeeze From Remote Work, Tourism Weakness: Growth Score Drops - Empire State Realty Trust (NYSE:ESRT)

A New York City REIT owning the Empire State Building faces prolonged struggles as remote work and weak tourism reduce earnings and stock performance.
NYC real estate
fromNew York Post
10 months ago

Empire State Building's landlord enjoys King Kong-size boost from tenant expansions

Manhattan's office market sees successful lease expansions despite overall vacancy; ESRT thrives with high occupancy and rising rents.
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