Paramount (PGRE) 10-Q 26 Oct 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 14, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Registrant Name	PARAMOUNT GROUP, INC.
Trading Symbol	PGRE
Title of 12(b) Security	Common stock of Paramount Group, Inc.,$0.01 par value per shar
Security Exchange Name	NYSE
Entity Central Index Key	0001605607
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-36746
Entity Tax Identification Number	32-0439307
Entity Address, Address Line One	1633 Broadway
Entity Address, Address Line Two	Suite 1801
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	237-3100
Entity Incorporation, State or Country Code	MD
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		219,823,849

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)		Sep. 30, 2022	Dec. 31, 2021
Real estate, at cost:
Land		$ 1,966,237,000	$ 1,966,237,000
Buildings and improvements		6,152,652,000	6,061,824,000
Rental property, at cost		8,118,889,000	8,028,061,000
Accumulated depreciation and amortization		(1,248,059,000)	(1,112,977,000)
Real estate, net		6,870,830,000	6,915,084,000
Cash and cash equivalents		469,398,000	524,900,000
Restricted cash		40,456,000	4,766,000
Investments in unconsolidated joint ventures		428,785,000	408,096,000
Investments in unconsolidated real estate funds		14,558,000	11,421,000
Accounts and other receivables		19,865,000	15,582,000
Deferred rent receivable		340,540,000	332,735,000
Deferred charges, net of accumulated amortization of $65,144 and $70,666		123,864,000	122,177,000
Intangible assets, net of accumulated amortization of $239,733 and $252,142		97,371,000	119,413,000
Other assets		90,813,000	40,388,000
Total assets	[1]	8,496,480,000	8,494,562,000
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $18,856 and $22,380		3,839,144,000	3,835,620,000
Revolving credit facility		0	0
Accounts payable and accrued expenses		152,371,000	116,192,000
Dividends and distributions payable		18,564,000	16,895,000
Intangible liabilities, net of accumulated amortization of $99,689 and $105,790		39,037,000	45,328,000
Other liabilities		24,171,000	25,495,000
Total liabilities	[1]	4,073,287,000	4,039,530,000
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 222,461,093 and 218,991,795 shares in 2022 and 2021, respectively		2,224,000	2,190,000
Additional paid-in-capital		4,210,442,000	4,122,680,000
Earnings less than distributions		(589,623,000)	(538,845,000)
Accumulated other comprehensive income		51,320,000	2,138,000
Paramount Group, Inc. equity		3,674,363,000	3,588,163,000
Noncontrolling interests in:
Consolidated joint ventures		407,402,000	428,833,000
Consolidated real estate fund		79,248,000	81,925,000
Operating Partnership (15,822,806 and 21,740,404 units outstanding)		262,180,000	356,111,000
Total equity		4,423,193,000	4,455,032,000
Total liabilities and equity		$ 8,496,480,000	$ 8,494,562,000
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4 % as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $ 3,940,253 and $ 2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Deferred charges, accumulated amortization		$ 65,144	$ 70,666
Intangible assets, accumulated amortization		239,733	252,142
Notes and mortgages payable, net of unamortized deferred financing costs		18,856	22,380
Intangible liabilities, accumulated amortization		$ 99,689	$ 105,790
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		900,000,000	900,000,000
Common stock, shares issued		222,461,093	218,991,795
Common stock, shares outstanding		222,461,093	218,991,795
Operating partnership, units outstanding		15,822,806	21,740,404
Total assets	[1]	$ 8,496,480	$ 8,494,562
Total liabilities	[1]	4,073,287	4,039,530
Variable Interest Entities [Member]
Total assets		3,940,253	4,025,856
Total liabilities		$ 2,585,416	$ 2,576,710
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Percentage of ownership in operating partnership		93.40%
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4 % as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $ 3,940,253 and $ 2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Rental revenue	$ 179,250,000	$ 170,851,000	$ 526,415,000	$ 518,625,000
Fee and other income	7,897,000	8,280,000	29,934,000	23,941,000
Total revenues	187,147,000	179,131,000	556,349,000	542,566,000
Expenses:
Operating	72,845,000	67,131,000	207,320,000	197,821,000
Depreciation and amortization	58,284,000	57,522,000	171,306,000	175,752,000
General and administrative	13,150,000	13,257,000	45,501,000	46,039,000
Transaction related costs	105,000	87,000	381,000	503,000
Total expenses	144,384,000	137,997,000	424,508,000	420,115,000
Other income (expense):
(Loss) income from unconsolidated joint ventures	(5,797,000)	223,000	(15,326,000)	(20,810,000)
Income from unconsolidated real estate funds	300,000	276,000	625,000	604,000
Interest and other income, net	1,580,000	138,000	2,607,000	2,510,000
Interest and debt expense	(36,949,000)	(36,266,000)	(106,804,000)	(105,919,000)
Income (loss) before income taxes	1,897,000	5,505,000	12,943,000	(1,164,000)
Income tax expense	(673,000)	(873,000)	(1,559,000)	(2,448,000)
Net income (loss)	1,224,000	4,632,000	11,384,000	(3,612,000)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(4,179,000)	(3,768,000)	(12,383,000)	(16,924,000)
Consolidated real estate fund	1,309,000	(3,123,000)	2,677,000	(3,179,000)
Operating Partnership	109,000	204,000	(204,000)	2,139,000
Net (loss) income attributable to common stockholders	$ (1,537,000)	$ (2,055,000)	$ 1,474,000	$ (21,576,000)
(Loss) Income per Common Share - Basic:
(Loss) income per common share	$ (0.01)	$ (0.01)	$ 0.01	$ (0.10)
Weighted average shares outstanding	224,864,791	218,706,356	222,228,605	218,689,696
(Loss) Income per Common Share - Diluted:
(Loss) income per common share	$ (0.01)	$ (0.01)	$ 0.01	$ (0.10)
Weighted average shares outstanding	224,864,791	218,706,356	222,262,748	218,689,696

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 1,224	$ 4,632	$ 11,384	$ (3,612)
Change in value of interest rate swaps and interest rate caps	9,796	995	34,450	995
Pro rata share of other comprehensive income of unconsolidated joint ventures	5,707	928	19,109	5,677
Comprehensive income	16,727	6,555	64,943	3,060
Less comprehensive (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(4,179)	(3,768)	(12,383)	(16,924)
Consolidated real estate fund	1,309	(3,123)	2,677	(3,191)
Operating Partnership	(914)	30	(4,581)	1,541
Comprehensive income (loss) attributable to common stockholders	$ 12,943	$ (306)	$ 50,656	$ (15,514)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Earnings Less than Distributions [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member] Consolidated Joint Ventures [Member]	Noncontrolling Interest [Member] Consolidated Real Estate Fund [Member]	Noncontrolling Interest [Member] Operating Partnership [Member]
Beginning balance at Dec. 31, 2020	$ 4,515,734,000	$ 2,188,000	$ 4,120,173,000	$ (456,393,000)	$ (12,791,000)	$ 437,161,000	$ 79,017,000	$ 346,379,000
Common stock, shares outstanding at Dec. 31, 2020		218,817,000
Net income (loss)	(3,612,000)			(21,576,000)		16,924,000	3,179,000	(2,139,000)
Common shares issued upon redemption of common units			165,000					(165,000)
Common shares issued upon redemption of common units, shares		10,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(214,000)	$ 1,000		(215,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		129,000
Dividends and distributions	(50,683,000)			(45,981,000)				(4,702,000)
Contributions from noncontrolling interests	121,000					121,000
Distributions to noncontrolling interests	(19,616,000)					(19,616,000)
Change in value of interest rate swaps and interest rate caps	995,000				905,000			90,000
Pro rata share of other comprehensive income of unconsolidated joint ventures	5,677,000				5,156,000		13,000	508,000
Amortization of equity awards	14,544,000		916,000					13,628,000
Reallocation of noncontrolling interest			(3,586,000)					3,586,000
Other	271,000		271,000	(552,000)		552,000
Ending balance at Sep. 30, 2021	4,463,217,000	$ 2,189,000	4,117,939,000	(524,717,000)	(6,730,000)	435,142,000	82,209,000	357,185,000
Common stock, shares outstanding at Sep. 30, 2021		218,956,000
Beginning balance at Jun. 30, 2021	4,480,123,000	$ 2,189,000	4,113,889,000	(507,321,000)	(8,478,000)	442,428,000	79,085,000	358,331,000
Common stock, shares outstanding at Jun. 30, 2021		218,962,000
Net income (loss)	4,632,000			(2,055,000)		3,768,000	3,123,000	(204,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(14,000)			(14,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		(6,000)
Dividends and distributions	(16,897,000)			(15,327,000)				(1,570,000)
Distributions to noncontrolling interests	(11,054,000)					(11,054,000)
Change in value of interest rate swaps and interest rate caps	995,000				905,000			90,000
Pro rata share of other comprehensive income of unconsolidated joint ventures	928,000				843,000		1,000	84,000
Amortization of equity awards	4,233,000		305,000					3,928,000
Reallocation of noncontrolling interest			3,474,000					(3,474,000)
Other	271,000		271,000
Ending balance at Sep. 30, 2021	4,463,217,000	$ 2,189,000	4,117,939,000	(524,717,000)	(6,730,000)	435,142,000	82,209,000	357,185,000
Common stock, shares outstanding at Sep. 30, 2021		218,956,000
Beginning balance at Dec. 31, 2021	$ 4,455,032,000	$ 2,190,000	4,122,680,000	(538,845,000)	2,138,000	428,833,000	81,925,000	356,111,000
Common stock, shares outstanding at Dec. 31, 2021	218,991,795	218,992,000
Net income (loss)	$ 11,384,000			1,474,000		12,383,000	(2,677,000)	204,000
Common shares issued upon redemption of common units		$ 66,000	108,418,000					(108,484,000)
Common shares issued upon redemption of common units, shares		6,607,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(284,000)			(284,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		99,000
Repurchases of common shares	(21,313,000)	$ (32,000)	(21,281,000)
Repurchases of common shares, shares		(3,237,000)
Dividends and distributions	(56,128,000)			(51,733,000)				(4,395,000)
Distributions to noncontrolling interests	(33,814,000)					(33,814,000)
Change in value of interest rate swaps and interest rate caps	34,450,000				31,635,000			2,815,000
Pro rata share of other comprehensive income of unconsolidated joint ventures	19,109,000				17,547,000			1,562,000
Amortization of equity awards	14,992,000		970,000					14,022,000
Reallocation of noncontrolling interest			(345,000)					345,000
Other	(235,000)			(235,000)
Ending balance at Sep. 30, 2022	$ 4,423,193,000	$ 2,224,000	4,210,442,000	(589,623,000)	51,320,000	407,402,000	79,248,000	262,180,000
Common stock, shares outstanding at Sep. 30, 2022	222,461,093	222,461,000
Beginning balance at Jun. 30, 2022	$ 4,451,354,000	$ 2,255,000	4,228,674,000	(570,577,000)	36,840,000	412,189,000	80,557,000	261,416,000
Common stock, shares outstanding at Jun. 30, 2022		225,625,000
Net income (loss)	1,224,000			(1,537,000)		4,179,000	(1,309,000)	(109,000)
Common shares issued upon redemption of common units		$ 1,000	1,271,000					(1,272,000)
Common shares issued upon redemption of common units, shares		77,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(4,000)			(4,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		(4,000)
Repurchases of common shares	(21,313,000)	$ (32,000)	(21,281,000)
Repurchases of common shares, shares		(3,237,392)
Dividends and distributions	(18,564,000)			(17,270,000)				(1,294,000)
Distributions to noncontrolling interests	(8,966,000)					(8,966,000)
Change in value of interest rate swaps and interest rate caps	9,796,000				9,150,000			646,000
Pro rata share of other comprehensive income of unconsolidated joint ventures	5,707,000				5,330,000			377,000
Amortization of equity awards	4,194,000		331,000					3,863,000
Reallocation of noncontrolling interest			1,447,000					(1,447,000)
Other	(235,000)			(235,000)
Ending balance at Sep. 30, 2022	$ 4,423,193,000	$ 2,224,000	$ 4,210,442,000	$ (589,623,000)	$ 51,320,000	$ 407,402,000	$ 79,248,000	$ 262,180,000
Common stock, shares outstanding at Sep. 30, 2022	222,461,093	222,461,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Stockholders Equity [Abstract]
Dividends and distributions, Per share and unit	$ 0.0775	$ 0.07	$ 0.2325	$ 0.21

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities:
Net income (loss)		$ 11,384,000	$ (3,612,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		171,306,000	175,752,000
Straight-lining of rental revenue		(7,808,000)	(7,925,000)
Amortization of stock-based compensation expense		14,853,000	14,421,000
Loss from unconsolidated joint ventures		15,326,000	20,810,000
Amortization of deferred financing costs	[1]	4,614,000	7,306,000
Distributions of earnings from unconsolidated real estate funds		624,000	535,000
Distributions of earnings from unconsolidated joint ventures		34,000	3,950,000
Amortization of above and below-market leases, net		(589,000)	(2,335,000)
Income from unconsolidated real estate funds		(625,000)	(604,000)
Realized and unrealized gains on marketable securities			(1,271,000)
Other non-cash adjustments		1,084,000	2,330,000
Changes in operating assets and liabilities:
Accounts and other receivables		(4,283,000)	6,118,000
Deferred charges		(12,286,000)	(12,664,000)
Other assets		(21,764,000)	(30,014,000)
Accounts payable and accrued expenses		4,646,000	12,830,000
Other liabilities		(2,099,000)	2,433,000
Net cash provided by operating activities		174,417,000	188,060,000
Cash Flows from Investing Activities:
Additions to real estate		(71,284,000)	(74,134,000)
Due from affiliates		(59,000,000)
Repayment of amounts due from affiliates		59,000,000
Investments in and contributions of capital to unconsolidated joint ventures		(11,252,000)	(11,750,000)
Contributions of capital to unconsolidated real estate funds		(4,642,000)	(3,198,000)
Distributions of capital from unconsolidated real estate funds		1,506,000	3,959,000
Purchases of marketable securities			(21,562,000)
Sales of marketable securities			18,305,000
Net cash used in investing activities		(85,672,000)	(88,380,000)
Cash Flows from Financing Activities:
Dividends paid to common stockholders		(49,793,000)	(45,970,000)
Distributions paid to common unitholders		(4,666,000)	(4,612,000)
Distributions to noncontrolling interests		(33,814,000)	(19,616,000)
Contributions from noncontrolling interests			121,000
Repurchases of common shares		(20,000,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings		(284,000)	(214,000)
Proceeds from notes and mortgages payable			888,566,000
Repayment of notes and mortgages payable			(850,000,000)
Debt issuance costs			(10,593,000)
Purchase of interest rate caps			(140,000)
Net cash used in financing activities		(108,557,000)	(42,458,000)
Net (decrease) increase in cash and cash equivalents and restricted cash		(19,812,000)	57,222,000
Cash and cash equivalents and restricted cash at beginning of period		529,666,000	465,324,000
Cash and cash equivalents and restricted cash at end of period		509,854,000	522,546,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period		524,900,000	434,530,000
Restricted cash at beginning of period		4,766,000	30,794,000
Cash and cash equivalents and restricted cash at beginning of period		529,666,000	465,324,000
Cash and cash equivalents at end of period		469,398,000	494,569,000
Restricted cash at end of period		40,456,000	27,977,000
Cash and cash equivalents and restricted cash at end of period		509,854,000	522,546,000
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest		102,534,000	98,917,000
Cash payments for income taxes, net of refunds		2,177,000	970,000
Non-Cash Transactions:
Common shares issued upon redemption of common units		108,484,000	165,000
Change in value of interest rate swaps and interest rate caps		34,450,000	995,000
Dividends and distributions declared but not yet paid		18,564,000	16,897,000
Write-off of fully amortized and/or depreciated assets		8,736,000	43,232,000
Additions to real estate included in accounts payable and accrued expenses		42,052,000	$ 17,842,000
Transfer of deposit to investment in unconsolidated joint ventures		6,230,000
Repurchase of common shares included in accounts payable and accrued expenses		$ 1,313,000
[1] Includes $ 761 of expense from the non-cash write-off of deferred financing costs in connection with the $ 860,000 refinancing of 1301 Avenue of the Americas in July 2021.

Organization and Business

Organization and Business	9 Months Ended
	Sep. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization And Business	1. Organization and Business As used in these consolidated financial statements, unless otherwise indicated, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 93.4 % of, the Operating Partnership as of September 30, 2022. As of September 30, 2022 , we own and/or manage a portfolio aggregating 14.0 million square feet comprised of: • Eight wholly and partially owned properties aggregating 8.7 million square feet in New York, comprised of 8.2 million square feet of office space and 0.5 million square feet of retail, theater and amenity space; • Six wholly and partially owned properties aggregating 4.3 million square feet in San Francisco, comprised of 4.1 million square feet of office space and 0.2 million square feet of retail space; and • Five managed properties aggregating 1.0 million square feet in New York and Washington, D.C. Additionally, we have an investment management business, where we serve as the general partner of real estate funds for institutional investors and high net-worth individuals.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Basis Of Presentation And Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. In the opinion of management, all significant adjustments (which include only normal recurring adjustments) and eliminations (which include intercompany balances and transactions) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. The consolidated balance sheet as of December 31, 2021 was derived from audited financial statements as of that date but does not include all information and disclosures required by GAAP. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC. Significant Accounting Policies There are no material changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021. Use of Estimates We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three and nine months ended September 30, 2022 , are not necessarily indicative of the operating results for the full year. Recently Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which adds Accounting Standards Codification (“ASC”) Topic 848, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides temporary optional expedients and exceptions to ease financial reporting burdens related to applying current GAAP to modifications of contracts, hedging relationships and other transactions in connection with the transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01 to clarify that certain optional expedients and exceptions apply to modifications of derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements, and for calculating price alignment interest. ASU 2020-04 is effective beginning on March 12, 2020 and may be applied prospectively to such transactions through December 31, 2022 and ASU 2021-01 is effective beginning on January 7, 2021 and may be applied retrospectively or prospectively to such transactions through December 31, 2022. We will apply ASU 2020-04 and ASU 2021-01 prospectively as and when we enter into transactions to which these updates apply. In August 2020, the FASB issued ASU 2020-06, an update to ASC Topic 470, Subtopic - 20, Debt - Debt with Conversion and Other Options , and ASC Topic 815, Subtopic - 4, Derivatives and Hedging - Contracts in Entity's Own Equity . ASU 2020-06 simplifies the guidance for certain financial instruments with characteristics of liability and equity, including convertible instruments and contracts on an entity’s own equity by reducing the number of accounting models for convertible instruments and amends guidance in ASC Topic 260, Earnings Per Share, relating to the computation of earnings per share for convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2021, with early adoption permitted for fiscal years that begin after December 15, 2020. We adopted the provisions of ASU 2020-06 on January 1, 2022 . This adoption did no t have an impact on our consolidated financial statements.

Investments in Unconsolidated J

Investments in Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2022
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Joint Ventures	3. Investments in Unconsolidated Joint Ventures On February 24, 2022, a joint venture, in which we own a 9.2 % interest, acquired a 26,000 square foot retail condominium at 1600 Broadway in Manhattan for $ 191,500,000 . In connection with the acquisition, the joint venture obtained a 10 -year, $ 98,000,000 interest-only loan that has a fixed rate of 3.45 %. The property, which is located in the heart of Times Square, is 100% leased to Mars, Inc. for a 15 -year term and serves as the New York flagship location for M&M’s World. We account for our investment in 1600 Broadway under the equity method of accounting from the date of acquisition. The following tables summarize our investments in unconsolidated joint ventures as of the dates thereof and the income or loss from these investments for the periods set forth below. (Amounts in thousands) Paramount As of Our Share of Investments: Ownership September 30, 2022 December 31, 2021 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center 67.0 % 197,050 185,344 55 Second Street (2) 44.1 % 85,988 88,284 111 Sutter Street 49.0 % 33,012 35,182 1600 Broadway (2)(3) 9.2 % 9,369 - 60 Wall Street (2) 5.0 % 20,630 19,230 One Steuart Lane (2) 35.0 % (4) 79,355 76,428 Oder-Center, Germany (2) 9.5 % 3,381 3,628 Investments in unconsolidated joint ventures $ 428,785 $ 408,096 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Our Share of Net Income (Loss): 2022 2021 2022 2021 712 Fifth Avenue (1) $ - $ 431 $ - $ ( 10,697 ) Market Center ( 2,811 ) ( 2,228 ) ( 7,661 ) ( 9,272 ) 55 Second Street (2) ( 825 ) ( 702 ) ( 2,296 ) ( 2,171 ) 111 Sutter Street ( 748 ) ( 685 ) ( 2,207 ) ( 1,874 ) 1600 Broadway (2)(3) 30 - ( 38 ) - 60 Wall Street (2) ( 23 ) 18 42 52 One Steuart Lane (2) ( 1,516 ) 3,363 ( 3,303 ) 3,138 Oder-Center, Germany (2) 96 26 137 14 (Loss) income from unconsolidated joint ventures $ ( 5,797 ) $ 223 $ ( 15,326 ) $ ( 20,810 ) (1) At December 31, 2021, our basis in the joint venture that owns 712 Fifth Avenue was negative $ 14,329 . Since we have no further obligation to fund additional capital to the joint venture, we no longer recognize our proportionate share of earnings from the joint venture. Instead, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. For the nine months ended September 30, 2022 , the joint venture had net income of $ 588 of which our 50.0% share was $ 294 . Accordingly, our basis in the joint venture, taking into account our share of income, was negative $ 14,035 as of September 30, 2022. Additionally, during the nine months ended September 30, 2021 , we received $ 1,053 in distributions from the joint venture and made an $ 11,750 contribution to the joint venture, which are included in "(loss) income from unconsolidated joint ventures" on our consolidated statements of income for the nine months ended September 30, 2021. (2) As of September 30, 2022, the carrying amount of our investments in 55 Second Street, 1600 Broadway, 60 Wall Street, One Steuart Lane and Oder-Center is greater than our share of equity in these investments by $ 471 , $ 325 , $ 2,586 , $ 645 and $ 4,138 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) Acquired on February 24, 2022. (4) Represents our consolidated Residential Development Fund’s (“RDF”) economic interest in One Steuart Lane, a for-sale residential condominium project. Our economic interest in One Steuart Lane (based on our 7.4 % ownership interest in RDF) is 2.6 %. The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of Balance Sheets: September 30, 2022 December 31, 2021 Real estate, net $ 2,410,055 $ 2,246,152 Cash and cash equivalents and restricted cash 214,815 216,910 Intangible assets, net 74,927 58,590 For-sale residential condominium units (1) 322,696 359,638 Other assets 85,360 46,646 Total assets $ 3,107,853 $ 2,927,936 Notes and mortgages payable, net $ 1,833,023 $ 1,791,404 Intangible liabilities, net 12,700 18,397 Other liabilities 58,134 61,097 Total liabilities 1,903,857 1,870,898 Equity 1,203,996 1,057,038 Total liabilities and equity $ 3,107,853 $ 2,927,936 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Income Statements: 2022 2021 2022 2021 Revenues: Rental revenue $ 41,145 $ 57,998 $ 153,181 $ 171,721 Other income (2) 15,250 92,360 65,276 93,698 Total revenues 56,395 150,358 218,457 265,419 Expenses: Operating (2) 34,234 102,949 129,035 153,526 Depreciation and amortization 17,734 26,432 68,140 80,899 Total expenses 51,968 129,381 197,175 234,425 Other income (expense): Interest and other income (loss) 471 ( 27 ) 487 ( 83 ) Interest and debt expense ( 13,967 ) ( 17,503 ) ( 47,900 ) ( 45,135 ) (Loss) income before income taxes ( 9,069 ) 3,447 ( 26,131 ) ( 14,224 ) Income tax expense ( 11 ) ( 17 ) ( 54 ) ( 32 ) Net (loss) income $ ( 9,080 ) $ 3,430 $ ( 26,185 ) $ ( 14,256 ) (1) Represents the cost of residential condominium units at One Steuart Lane that are available for sale. (2) Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Funds	9 Months Ended
	Sep. 30, 2022
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Funds	4. Investments in Unconsolidated Real Estate Funds We are the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) and Paramount Group Real Estate Fund X, LP and its parallel fund, Paramount Group Real Estate Fund X-ECI, LP, (collectively, “Fund X”), our Alternative Investment Funds, which invest in mortgage and mezzanine loans and preferred equity investments. While Fund VIII’s investment period has ended, Fund X’s investment period ends in December 2025. As of September 30, 2022 , Fund X has $ 192,000,000 of capital committed, of which $ 139,637,000 has been invested and $ 43,016,000 has been reserved for future funding. Our ownership interest in Fund VIII and Fund X was approximately 1.3 % and 7.8 %, respectively, as of September 30, 2022. As of September 30, 2022 and December 31, 2021, our share of the investments in the unconsolidated real estate funds aggregated $ 14,558,000 and $ 11,421,000 , respectively. We recognized $ 300,000 and $ 276,000 for our share of income in the three months ended September 30, 2022 and 2021, respectively, and $ 625,000 and $ 604,000 for our share of income in the nine months ended September 30, 2022 and 2021 , respectively.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	5. Intangible Assets and Liabilities The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Intangible assets: Gross amount $ 337,104 $ 371,555 Accumulated amortization ( 239,733 ) ( 252,142 ) $ 97,371 $ 119,413 Intangible liabilities: Gross amount $ 138,726 $ 151,118 Accumulated amortization ( 99,689 ) ( 105,790 ) $ 39,037 $ 45,328 For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 Amortization of above and below-market leases, net $ ( 84 ) $ 722 $ 589 $ 2,335 Amortization of acquired in-place leases 5,401 6,413 16,344 20,183 The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2023. (Amounts in thousands) Above and In-Place Leases 2023 $ 5,151 $ 17,705 2024 6,091 14,248 2025 4,745 10,451 2026 2,872 7,896 2027 2,560 7,252

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	6. Debt The following table summarizes our consolidated outstanding debt. Interest Rate Maturity Fixed/ as of As of (Amounts in thousands) Date Variable Rate September 30, 2022 September 30, 2022 December 31, 2021 Notes and mortgages payable: 1633 Broadway (1) Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza (1) Feb-2024 Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (2) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (3) 5.56 % 360,000 360,000 3.76 % 860,000 860,000 31 West 52nd Street Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street (1) Oct-2023 Fixed 3.65 % 273,000 273,000 Total notes and mortgages payable 3.58 % 3,858,000 3,858,000 Less: unamortized deferred financing costs ( 18,856 ) ( 22,380 ) Total notes and mortgages payable, net $ 3,839,144 $ 3,835,620 $750 Million Revolving Mar-2026 SOFR + 115 bps n/a $ - $ - (1) Our ownership interests in 1633 Broadway, One Market Plaza and 300 Mission Street are 90.0 %, 49.0 % and 31.1 %, respectively. (2) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 7, Derivative Instruments and Hedging Activities. (3) Represents variable rate loans, where LIBOR has been capped at 2.00 % through August 2023. See Note 7, Derivative Instruments and Hedging Activities .

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	7. Derivative Instruments and Hedging Activities We have entered into interest rate swap agreements with an aggregate notional amount of $ 500,000,000 to fix LIBOR at 0.46 % through August 2024. We also entered into interest rate cap agreements with an aggregate notional amount of $ 360,000,000 to cap LIBOR at 2.00 % through August 2023. These interest rate swaps and interest rate caps are designated as cash flow hedges and therefore changes in their fair values are recognized in other comprehensive income or loss (outside of earnings). We recognized other comprehensive income of $ 9,796,000 and $ 34,450,000 for the three and nine months ended September 30, 2022 , respectively, and $ 995,000 for the three and nine months ended September 30, 2021, from the changes in fair value of these derivative financial instruments. See Note 9, Accumulated Other Comprehensive Income . During the next twelve months, we estimate that $ 26,010,000 of the amounts to be recognized in accumulated other comprehensive income will be reclassified as a decrease to interest expense. The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges. Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 LIBOR 0.46 % $ 34,449 $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 34,449 $ 6,691 Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 360,000 Jul-2021 Aug-2023 LIBOR 2.00 % $ 6,987 $ 306 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 6,987 $ 306 We have agreements with various derivative counterparties that contain provisions wherein a default on our indebtedness could be deemed a default on our derivative obligations, which would require us to settle our derivative obligations for cash. As of September 30, 2022 , we did not have any obligations relating to our interest rate swaps or interest rate caps that contained such provisions.

Equity

Equity	9 Months Ended
	Sep. 30, 2022
Stockholders Equity Note [Abstract]
Equity	8. Equity Stock Repurchase Program On November 5, 2019, we received authorization from our Board of Directors to repurchase up to $ 200,000,000 of our common stock, from time to time, in the open market or in privately negotiated transactions. During 2022, we repurchased 6,498,232 common shares at a weighted average price of $ 6.41 per share, or $ 41,674,000 in the aggregate, of which 3,237,392 shares were repurchased in the three months ended September 30, 2022 at a weighted average price of $ 6.58 per share, or $ 21,313,000 in the aggregate, and the remaining 3,260,840 shares were repurchased in October 2022 at a weighted average price of $ 6.24 per share, or $ 20,361,000 in the aggregate. During 2020, we repurchased 13,813,158 common shares at a weighted average price of $ 8.69 per share, or $ 120,000,000 in the aggregate. Accordingly, we have $ 38,326,000 available for future repurchases under the existing program. The amount and timing of future repurchases, if any, will depend on a number of factors, including, the price and availability of our shares, trading volume, general market conditions and available funding. The stock repurchase program may be suspended or discontinued at any time.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	9. Accumulated Other Comprehensive Income The following table sets forth changes in accumulated other comprehensive income by component for the three and nine months ended September 30, 2022 and 2021, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 Amount of income related to the cash flow hedges recognized (1) $ 12,134 $ 671 $ 36,786 $ 671 Amounts reclassified from accumulated other comprehensive (1) ( 2,338 ) 324 ( 2,336 ) 324 Amount of income (loss) related to unconsolidated joint ventures (2) 6,150 ( 88 ) 18,046 2,693 Amounts reclassified from accumulated other comprehensive income (2) ( 443 ) 1,016 1,063 2,984 (1) Represents amounts related to interest rate swaps with an aggregate notional value of $ 500,000 and interest rate caps with an aggregate notional value of $ 360,000 , which were designated as cash flow hedges. (2) Primarily represents amounts related to an interest rate swap with a notional value of $ 402,000 , which was designated as a cash flow hedge.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	10. Noncontrolling Interests Consolidated Joint Ventures Noncontrolling interests in consolidated joint ventures consist of equity interests held by third parties in 1633 Broadway, One Market Plaza and 300 Mission Street. As of September 30, 2022 and December 31, 2021, noncontrolling interests in our consolidated joint ventures aggregated $ 407,402,000 and $ 428,833,000 , respectively. Consolidated Real Estate Fund Noncontrolling interests in our consolidated real estate fund consists of equity interests held by third parties in our Residential Development Fund. As of September 30, 2022 and December 31, 2021, the noncontrolling interest in our consolidated real estate fund aggregated $ 79,248,000 and $ 81,925,000 , respectively. Operating Partnership Noncontrolling interests in the Operating Partnership represent common units of the Operating Partnership that are held by third parties, including management, and units issued to management under equity incentive plans. Common units of the Operating Partnership may be tendered for redemption to the Operating Partnership for cash. We, at our option, may assume that obligation and pay the holder either cash or common shares on a one-for-one basis. Since the number of common shares outstanding is equal to the number of common units owned by us, the redemption value of each common unit is equal to the market value of each common share and distributions paid to each common unitholder is equivalent to dividends paid to common stockholders. As of September 30, 2022 and December 31, 2021, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $ 262,180,000 and $ 356,111,000 , respectively, and a redemption value of $ 98,576,000 and $ 181,315,000 , respectively, based on the closing share price of our common stock on the New York Stock Exchange at the end of each period.

Variable Interest Entities ("VI

Variable Interest Entities ("VIEs")	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities ("VIEs")	11. Variable Interest Entities (“VIEs”) In the normal course of business, we are the general partner of various types of investment vehicles, which may be considered VIEs. We may, from time to time, own equity or debt securities through vehicles, each of which are considered variable interests. Our involvement in financing the operations of the VIEs is generally limited to our investments in the entity. We consolidate these entities when we are deemed to be the primary beneficiary. Consolidated VIEs We are the sole general partner of, and owned approximately 93.4 % of, the Operating Partnership as of September 30, 2022. The Operating Partnership is considered a VIE and is consolidated in our consolidated financial statements. Since we conduct our business through and substantially all of our interests are held by the Operating Partnership, the assets and liabilities on our consolidated financial statements represent the assets and liabilities of the Operating Partnership. As of September 30, 2022 and December 31, 2021, the Operating Partnership held interests in consolidated VIEs owning properties and a real estate fund that were determined to be VIEs. The assets of these consolidated VIEs may only be used to settle the obligations of the entities and such obligations are secured only by the assets of the entities and are non-recourse to the Operating Partnership or us. The following table summarizes the assets and liabilities of consolidated VIEs of the Operating Partnership. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Real estate, net $ 3,375,154 $ 3,415,735 Cash and cash equivalents and restricted cash 151,870 198,154 Investments in unconsolidated joint ventures 79,355 76,428 Accounts and other receivables 12,502 6,801 Deferred rent receivable 194,540 197,794 Deferred charges, net 51,063 53,013 Intangible assets, net 53,275 62,380 Other assets 22,494 15,551 Total VIE assets $ 3,940,253 $ 4,025,856 Notes and mortgages payable, net $ 2,489,395 $ 2,487,871 Accounts payable and accrued expenses 66,663 54,738 Intangible liabilities, net 23,942 27,674 Other liabilities 5,416 6,427 Total VIE liabilities $ 2,585,416 $ 2,576,710 Unconsolidated VIEs As of September 30, 2022 , the Operating Partnership held variable interests in entities that own our unconsolidated real estate funds that were deemed to be VIEs. The following table summarizes our investments in these unconsolidated real estate funds and the maximum risk of loss from these investments. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Investments $ 14,558 $ 11,421 Asset management fees and other receivables 11 9 Maximum risk of loss $ 14,569 $ 11,430

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	12. Fair Value Measurements Financial Assets Measured at Fair Value The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy. As of September 30, 2022 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 34,449 $ - $ 34,449 $ - Interest rate cap assets (included in "other assets") 6,987 - 6,987 - Total assets $ 41,436 $ - $ 41,436 $ - As of December 31, 2021 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 6,691 $ - $ 6,691 $ - Interest rate cap assets (included in "other assets") 306 - 306 - Total assets $ 6,997 $ - $ 6,997 $ - Financial Liabilities Not Measured at Fair Value Financial liabilities not measured at fair value on our consolidated balance sheets consist of notes and mortgages payable, and the revolving credit facility. The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of September 30, 2022 As of December 31, 2021 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,858,000 $ 3,544,332 $ 3,858,000 $ 3,893,252 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,544,332 $ 3,858,000 $ 3,893,252

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	13. Leases We lease office, retail and storage space to tenants, primarily under non-cancellable operating leases which generally have terms ranging from five to fifteen years . Most of our leases provide tenants with extension options at either fixed or market rates and few of our leases provide tenants with options to early terminate, but such options generally impose an economic penalty on the tenant upon exercising. Rental revenue is recognized in accordance with ASC Topic 842, Leases, and includes (i) fixed payments of cash rents, which represents revenue each tenant pays in accordance with the terms of its respective lease and that is recognized on a straight-line basis over the non-cancellable term of the lease, and includes the effects of rent steps and rent abatements under the leases, (ii) variable payments of tenant reimbursements, which are recoveries of all or a portion of the operating expenses and real estate taxes of the property and is recognized in the same period as the expenses are incurred, (iii) amortization of acquired above and below-market leases, net and (iv) lease termination income. The following table sets forth the details of our rental revenue. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Rental revenue: Fixed $ 162,444 $ 158,400 $ 480,766 $ 478,670 Variable 16,806 12,451 45,649 39,955 (1) Total rental revenue $ 179,250 $ 170,851 $ 526,415 $ 518,625 (1) Includes $ 5,051 of income in connection with a tenant’s lease termination at 300 Mission Street . The following table is a schedule of future undiscounted cash flows under non-cancellable operating leases in effect as of September 30, 2022, for the three-month period from October 1, 2022 through December 31, 2022, and each of the five succeeding years and thereafter commencing January 1, 2023. (Amounts in thousands) 2022 $ 160,622 2023 631,729 2024 644,393 2025 599,023 2026 503,600 2027 438,968 Thereafter 2,242,109 Total $ 5,220,444

Fee and Other Income

Fee and Other Income	9 Months Ended
	Sep. 30, 2022
Revenues [Abstract]
Fee and Other Income	14. Fee and Other Income The following table sets forth the details of our fee and other income. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Fee income: Asset management $ 3,166 $ 3,280 $ 9,138 $ 10,175 Property management 1,849 2,176 6,171 6,457 Acquisition, disposition, leasing and other 117 1,105 7,785 2,800 Total fee income 5,132 6,561 23,094 19,432 Other income (1) 2,765 1,719 6,840 4,509 Total fee and other income $ 7,897 $ 8,280 $ 29,934 $ 23,941 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.

Interest and Other Income, net

Interest and Other Income, net	9 Months Ended
	Sep. 30, 2022
Interest And Other Income [Abstract]
Interest and Other Income, net	15. Interest and Other Income, net The following table sets forth the details of interest and other income, net. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Interest income, net $ 1,580 $ 221 $ 2,607 $ 1,008 Mark-to-market of investments in our (1) - ( 83 ) - 1,502 Total interest and other income, net $ 1,580 $ 138 $ 2,607 $ 2,510 (1) The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.

Interest and Debt Expense

Interest and Debt Expense	9 Months Ended
	Sep. 30, 2022
Interest And Debt Expense [Abstract]
Interest and Debt Expense	16. Interest and Debt Expense The following table sets forth the details of interest and debt expense. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Interest expense $ 35,412 $ 33,600 $ 102,190 $ 98,613 Amortization of deferred financing costs 1,537 2,666 (1) 4,614 7,306 (1) Total interest and debt expense $ 36,949 $ 36,266 $ 106,804 $ 105,919 (1) Includes $ 761 of expense from the non-cash write-off of deferred financing costs in connection with the $ 860,000 refinancing of 1301 Avenue of the Americas in July 2021.

Incentive Compensation

Incentive Compensation	9 Months Ended
	Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Incentive Compensation	17. Incentive Compensation Stock-Based Compensation Our Amended and Restated 2014 Equity Incentive Plan provides for grants of equity awards to our executive officers, non-employee directors and employees in order to attract and motivate talent for which we compete. In addition, equity awards are an effective management retention tool as they vest over multiple years based on continued employment. Equity awards are granted in the form of (i) restricted stock and (ii) long-term incentive plan (“LTIP”) units, which represent a class of partnership interests in our Operating Partnership and are typically comprised of performance-based LTIP units, time-based LTIP units and time-based appreciation only LTIP (“AOLTIP”) units. We account for all stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation . We recognized stock-based compensation expense of $ 4,149,000 and $ 4,192,000 for the three months ended September 30, 2022 and 2021, respectively, and $ 14,853,000 and $ 14,421,000 for the nine months ended September 30, 2022 and 2021, respectively, related to awards granted in prior periods, including the equity awards granted on January 13, 2022 (“2022 Equity Grants”) described below. 2022 Equity Grants 2022 Performance-Based Awards Program (“2022 Performance Program”) On January 13, 2022, the Compensation Committee of our Board of Directors (the “Compensation Committee”) approved the 2022 Performance Program, a multi-year performance-based long-term incentive compensation program. Under the 2022 Performance Program, participants may earn awards in the form of LTIP units based on our achievement of rigorous Net Operating Income (“NOI”) goals over a three-year performance measurement period beginning on January 1, 2022 and continuing through December 31, 2024 . The amount of LTIP units otherwise earned based on the achievement of the NOI goals would then be increased or decreased based on our Total Shareholder Return (“TSR”) versus that of our New York City office REIT peers (comprised of Vornado Realty Trust, SL Green Realty Corp. and Empire State Realty Trust) but the modifier will not result in a total payout exceeding 100 % of the units granted. Additionally, if our TSR is negative over the three-year performance measurement period, then the number of LTIP units that are earned under the 2022 Performance Program will be reduced by 30.0 % of the number of such awards that otherwise would have been earned. Furthermore, awards earned under the 2022 Performance Program are subject to vesting based on continued employment with us through December 31, 2025, with 50.0 % of each award vesting upon the conclusion of the performance measurement period, and the remaining 50.0 % vesting on December 31, 2025. Lastly, our Named Executive Officers are required to hold earned awards for an additional year following vesting. Awards granted under the 2022 Performance Program had a fair value of $ 7,188,000 on the date of the grant, which is being amortized into expense over the four-year vesting period using a graded vesting attribution method. Time-Based Unit Awards Program (LTIP Units, AOLTIP Units and Restricted Stock) On January 13, 2022, we also granted an aggregate of 626,942 LTIP units, 2,703,499 AOLTIP units and 120,243 shares of Restricted Stock to our executive officers and employees that will vest over a period of three to four years . The fair value of LTIP units, AOLTIP units and restricted stock on the date of grant were $ 5,313,000 , $ 5,831,000 , and $ 1,119,000 , respectively, and these awards are being amortized into expense on a straight-line basis over the vesting period. Completion of the 2019 Performance-Based Awards Program (“2019 Performance Program”) On December 31, 2021, the performance measurement period for the 2019 Performance Program ended. On January 13, 2022, the Compensation Committee determined that the performance goals set forth in the 2019 Performance Program were not met. Accordingly, all of the LTIP units that were granted on January 14, 2019, were forfeited, with no awards being earned. These awards had a grant date fair value of $ 8,106,000 and a remaining unrecognized compensation cost of $ 238,000 as of September 30, 2022 , which will be amortized over a weighted-average period of 0.25 years.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	18. Earnings Per Share The following table summarizes our net (loss) income and the number of common shares used in the computation of basic and diluted (loss) income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands, except per share amounts) 2022 2021 2022 2021 Numerator: Net (loss) income attributable to common stockholders $ ( 1,537 ) $ ( 2,055 ) $ 1,474 $ ( 21,576 ) Earnings allocated to unvested participating securities ( 21 ) ( 17 ) ( 64 ) ( 54 ) Numerator for (loss) income per common share - $ ( 1,558 ) $ ( 2,072 ) $ 1,410 $ ( 21,630 ) Denominator: Denominator for basic loss per common share - 224,865 218,706 222,229 218,690 Effect of dilutive stock-based compensation plans (1) - - 34 - Denominator for diluted loss per common share - 224,865 218,706 222,263 218,690 (Loss) income per common share - basic and diluted $ ( 0.01 ) $ ( 0.01 ) $ 0.01 $ ( 0.10 ) (1) The effect of dilutive securities excludes 18,041 and 23,862 weighted average share equivalents for the three months ended September 30, 2022 and 2021, respectively, and 20,889 and 23,785 weighted average share equivalents for the nine months ended September 30, 2022 and 2021, respectively, as their effect was anti-dilutive.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Related Parties	19. Related Parties Management Agreements We provide property management, leasing and other related services to certain properties owned by members of the Otto Family. We recognized fee income of $ 272,000 and $ 270,000 for the three months ended September 30, 2022 and 2021, respectively, and $ 1,021,000 and $ 1,497,000 for the nine months ended September 30, 2022 and 2021, respectively, in connection with these agreements, which is included as a component of “fee and other income” on our consolidated statements of income. As of September 30, 2022 and December 31, 2021, amounts owed to us under these agreements aggregated $ 53,000 and $ 484,000 , respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets. We also provide asset management, property management, leasing and other related services to our unconsolidated joint ventures and real estate funds. We recognized fee income of $ 4,277,000 and $ 5,737,000 for the three months ended September 30, 2022 and 2021, respectively, and $ 20,075,000 and $ 16,239,000 for the nine months ended September 30, 2022 and 2021, respectively, in connection with these agreements, which is included as a component of “fee and other income” on our consolidated statements of income. As of September 30, 2022 and December 31, 2021, amounts owed to us under these agreements aggregated $ 2,966,000 and $ 2,883,000 , respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets. Hamburg Trust Consulting HTC GmbH (“HTC”) We have an agreement with HTC, a licensed broker in Germany, to supervise selling efforts for our joint ventures and private equity real estate funds (or investments in feeder vehicles for these funds) to investors in Germany, including distribution of securitized notes of feeder vehicles for Fund X. Pursuant to this agreement, we have agreed to pay HTC for the costs incurred plus a mark-up of 10 %. HTC is 100 % owned by Albert Behler, our Chairman, Chief Executive Officer and President. We incurred costs aggregating $ 105,000 and $ 127,000 for the three months ended September 30, 2022 and 2021, respectively, and $ 621,000 and $ 372,000 for the nine months ended September 30, 2022 and 2021, respectively, in connection with this agreement. As of September 30, 2022 and December 31, 2021, we owed $ 123,000 and $ 523,000 , respectively, to HTC under this agreement, which are included as a component of “accounts payable and accrued expenses” on our consolidated balance sheets. Mannheim Trust A subsidiary of Mannheim Trust leases office space at 712 Fifth Avenue, our 50.0 % owned unconsolidated joint venture, pursuant to a lease agreement which expires in April 2023. Dr. Martin Bussmann (a member of our Board of Directors) is also a trustee and a director of Mannheim Trust. We recognized $ 91,000 in each of the three months ended September 30, 2022 and 2021, respectively, and $ 273,000 and $ 272,000 for the nine months ended September 30, 2022 and 2021, respectively, for our share of rental income pursuant to this lease. Due from Affiliates During the nine months ended September 30, 2022 , Fund X borrowed $ 59,000,000 from us at an interest rate of Secured Overnight Financing Rate (“SOFR”) plus 220 basis points, which was repaid, together with $ 418,000 of accrued interest.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	20. Commitments and Contingencies Insurance We carry commercial general liability coverage on our properties, with limits of liability customary within the industry. Similarly, we are insured against the risk of direct and indirect physical damage to our properties including coverage for the perils such as floods, earthquakes and windstorms. Our policies also cover the loss of rental income during an estimated reconstruction period. Our policies reflect limits and deductibles customary in the industry and specific to the buildings and portfolio. We also obtain title insurance policies when acquiring new properties. We currently have coverage for losses incurred in connection with both domestic and foreign terrorist-related activities. While we do carry commercial general liability insurance, property insurance and terrorism insurance with respect to our properties, these policies include limits and terms we consider commercially reasonable. In addition, there are certain losses (including, but not limited to, losses arising from known environmental conditions or acts of war) that are not insured, in full or in part, because they are either uninsurable or the cost of insurance makes it, in our belief, economically impractical to maintain such coverage. Should an uninsured loss arise against us, we would be required to use our own funds to resolve the issue, including litigation costs. We believe the policy specifications and insured limits are adequate given the relative risk of loss, the cost of the coverage and industry practice and, in consultation with our insurance advisors, we believe the properties in our portfolio are adequately insured. Other Commitments and Contingencies We are a party to various claims and routine litigation arising in the ordinary course of business. Some of these claims or others to which we may be subject from time to time, including claims arising specifically from the formation transactions, in connection with our initial public offering, may result in defense costs, settlements, fines or judgments against us, some of which are not, or cannot be, covered by insurance. Payment of any such costs, settlements, fines or judgments that are not insured could have an adverse impact on our financial position and results of operations. Should any litigation arise in connection with the formation transactions, we would contest it vigorously. In addition, certain litigation or the resolution of certain litigation may affect the availability or cost of some of our insurance coverage, which could adversely impact our results of operations and cash flow, expose us to increased risks that would be uninsured, and/or adversely impact our ability to attract officers and directors. The terms of our mortgage debt agreements in place include certain restrictions and covenants which may limit, among other things, certain investments, the incurrence of additional indebtedness and liens and the disposition or other transfer of assets and interests in the borrower and other credit parties, and require compliance with certain debt yield, debt service coverage and loan to value ratios. In addition, our revolving credit facility contains representations, warranties, covenants, other agreements and events of default customary for agreements of this type with comparable companies. As of September 30, 2022, we believe we are in compliance with all of our covenants. Transfer Tax Assessments During 2017, the New York City Department of Finance issued Notices of Determination (“Notices”) assessing additional transfer taxes (including interest and penalties) in connection with the transfer of interests in certain properties during our 2014 initial public offering. We believe, after consultation with legal counsel, that the likelihood of a loss is reasonably possible, and while it is not possible to predict the outcome of these Notices, we estimate the range of loss could be between $ 0 and $ 55,800,000 . Since no amount in this range is a better estimate than any other amount within the range, we have not accrued any liability arising from potential losses relating to these Notices in our consolidated financial statements.

Segments

Segments	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segments	21. Segments Our reportable segments are separated by region, based on the two regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker, makes key operating decisions, evaluates financial results and manages our business. The following tables provide Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Three Months Ended September 30, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 182,015 $ 117,431 $ 64,667 $ ( 83 ) Property-related operating expenses ( 72,845 ) ( 52,421 ) ( 19,496 ) ( 928 ) NOI from unconsolidated joint ventures 11,540 3,556 7,837 147 NOI (1) $ 120,710 $ 68,566 $ 53,008 $ ( 864 ) For the Three Months Ended September 30, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 172,570 $ 109,842 $ 63,527 $ ( 799 ) Property-related operating expenses ( 67,131 ) ( 47,545 ) ( 18,646 ) ( 940 ) NOI from unconsolidated joint ventures 11,627 2,875 8,665 87 NOI (1) $ 117,066 $ 65,172 $ 53,546 $ ( 1,652 ) For the Nine Months Ended September 30, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 533,255 $ 349,136 $ 185,798 $ ( 1,679 ) Property-related operating expenses ( 207,320 ) ( 148,779 ) ( 55,369 ) ( 3,172 ) NOI from unconsolidated joint ventures 34,359 9,902 24,162 295 NOI (1) $ 360,294 $ 210,259 $ 154,591 $ ( 4,556 ) For the Nine Months Ended September 30, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 523,134 $ 329,870 $ 195,673 $ ( 2,409 ) Property-related operating expenses ( 197,821 ) ( 142,370 ) ( 52,651 ) ( 2,800 ) NOI from unconsolidated joint ventures 32,510 8,445 24,054 11 NOI (1) $ 357,823 $ 195,945 $ 167,076 $ ( 5,198 ) (1) NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies. The following table provides a reconciliation of NOI to net (loss) income attributable to common stockholders for the periods set forth below. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 NOI $ 120,710 $ 117,066 $ 360,294 $ 357,823 Add (subtract) adjustments to arrive to net income: Fee income 5,132 6,561 23,094 19,432 Depreciation and amortization expense ( 58,284 ) ( 57,522 ) ( 171,306 ) ( 175,752 ) General and administrative expenses ( 13,150 ) ( 13,257 ) ( 45,501 ) ( 46,039 ) NOI from unconsolidated joint ventures (excluding ( 11,540 ) ( 11,627 ) ( 34,359 ) ( 32,510 ) (Loss) income from unconsolidated joint ventures ( 5,797 ) 223 ( 15,326 ) ( 20,810 ) Interest and other income, net 1,580 138 2,607 2,510 Interest and debt expense ( 36,949 ) ( 36,266 ) ( 106,804 ) ( 105,919 ) Other, net 195 189 244 101 Income (loss) before income taxes 1,897 5,505 12,943 ( 1,164 ) Income tax expense ( 673 ) ( 873 ) ( 1,559 ) ( 2,448 ) Net income (loss) 1,224 4,632 11,384 ( 3,612 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 4,179 ) ( 3,768 ) ( 12,383 ) ( 16,924 ) Consolidated real estate fund 1,309 ( 3,123 ) 2,677 ( 3,179 ) Operating Partnership 109 204 ( 204 ) 2,139 Net (loss) income attributable to common stockholders $ ( 1,537 ) $ ( 2,055 ) $ 1,474 $ ( 21,576 ) The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other September 30, 2022 $ 8,496,480 $ 5,346,628 $ 2,684,864 $ 464,988 December 31, 2021 8,494,562 5,336,210 2,696,131 462,221

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. In the opinion of management, all significant adjustments (which include only normal recurring adjustments) and eliminations (which include intercompany balances and transactions) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. The consolidated balance sheet as of December 31, 2021 was derived from audited financial statements as of that date but does not include all information and disclosures required by GAAP. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC.
Significant Accounting Policies	Significant Accounting Policies There are no material changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021.
Use of Estimates	Use of Estimates We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three and nine months ended September 30, 2022 , are not necessarily indicative of the operating results for the full year.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which adds Accounting Standards Codification (“ASC”) Topic 848, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting . ASU 2020-04 provides temporary optional expedients and exceptions to ease financial reporting burdens related to applying current GAAP to modifications of contracts, hedging relationships and other transactions in connection with the transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. In January 2021, the FASB issued ASU 2021-01 to clarify that certain optional expedients and exceptions apply to modifications of derivative contracts and certain hedging relationships affected by changes in the interest rates used for discounting cash flows, computing variation margin settlements, and for calculating price alignment interest. ASU 2020-04 is effective beginning on March 12, 2020 and may be applied prospectively to such transactions through December 31, 2022 and ASU 2021-01 is effective beginning on January 7, 2021 and may be applied retrospectively or prospectively to such transactions through December 31, 2022. We will apply ASU 2020-04 and ASU 2021-01 prospectively as and when we enter into transactions to which these updates apply. In August 2020, the FASB issued ASU 2020-06, an update to ASC Topic 470, Subtopic - 20, Debt - Debt with Conversion and Other Options , and ASC Topic 815, Subtopic - 4, Derivatives and Hedging - Contracts in Entity's Own Equity . ASU 2020-06 simplifies the guidance for certain financial instruments with characteristics of liability and equity, including convertible instruments and contracts on an entity’s own equity by reducing the number of accounting models for convertible instruments and amends guidance in ASC Topic 260, Earnings Per Share, relating to the computation of earnings per share for convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for interim and annual reporting periods in fiscal years that begin after December 15, 2021, with early adoption permitted for fiscal years that begin after December 15, 2020. We adopted the provisions of ASU 2020-06 on January 1, 2022 . This adoption did no t have an impact on our consolidated financial statements.

Investments in Unconsolidated_2

Investments in Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2022
Summary of Financial Information of Unconsolidated Joint Ventures	The following tables summarize our investments in unconsolidated joint ventures as of the dates thereof and the income or loss from these investments for the periods set forth below. (Amounts in thousands) Paramount As of Our Share of Investments: Ownership September 30, 2022 December 31, 2021 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center 67.0 % 197,050 185,344 55 Second Street (2) 44.1 % 85,988 88,284 111 Sutter Street 49.0 % 33,012 35,182 1600 Broadway (2)(3) 9.2 % 9,369 - 60 Wall Street (2) 5.0 % 20,630 19,230 One Steuart Lane (2) 35.0 % (4) 79,355 76,428 Oder-Center, Germany (2) 9.5 % 3,381 3,628 Investments in unconsolidated joint ventures $ 428,785 $ 408,096 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Our Share of Net Income (Loss): 2022 2021 2022 2021 712 Fifth Avenue (1) $ - $ 431 $ - $ ( 10,697 ) Market Center ( 2,811 ) ( 2,228 ) ( 7,661 ) ( 9,272 ) 55 Second Street (2) ( 825 ) ( 702 ) ( 2,296 ) ( 2,171 ) 111 Sutter Street ( 748 ) ( 685 ) ( 2,207 ) ( 1,874 ) 1600 Broadway (2)(3) 30 - ( 38 ) - 60 Wall Street (2) ( 23 ) 18 42 52 One Steuart Lane (2) ( 1,516 ) 3,363 ( 3,303 ) 3,138 Oder-Center, Germany (2) 96 26 137 14 (Loss) income from unconsolidated joint ventures $ ( 5,797 ) $ 223 $ ( 15,326 ) $ ( 20,810 ) (1) At December 31, 2021, our basis in the joint venture that owns 712 Fifth Avenue was negative $ 14,329 . Since we have no further obligation to fund additional capital to the joint venture, we no longer recognize our proportionate share of earnings from the joint venture. Instead, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. For the nine months ended September 30, 2022 , the joint venture had net income of $ 588 of which our 50.0% share was $ 294 . Accordingly, our basis in the joint venture, taking into account our share of income, was negative $ 14,035 as of September 30, 2022. Additionally, during the nine months ended September 30, 2021 , we received $ 1,053 in distributions from the joint venture and made an $ 11,750 contribution to the joint venture, which are included in "(loss) income from unconsolidated joint ventures" on our consolidated statements of income for the nine months ended September 30, 2021. (2) As of September 30, 2022, the carrying amount of our investments in 55 Second Street, 1600 Broadway, 60 Wall Street, One Steuart Lane and Oder-Center is greater than our share of equity in these investments by $ 471 , $ 325 , $ 2,586 , $ 645 and $ 4,138 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) Acquired on February 24, 2022. (4) Represents our consolidated Residential Development Fund’s (“RDF”) economic interest in One Steuart Lane, a for-sale residential condominium project. Our economic interest in One Steuart Lane (based on our 7.4 % ownership interest in RDF) is 2.6 %.
Unconsolidated Joint Ventures [Member]
Summary of Financial Information of Unconsolidated Joint Ventures	The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of Balance Sheets: September 30, 2022 December 31, 2021 Real estate, net $ 2,410,055 $ 2,246,152 Cash and cash equivalents and restricted cash 214,815 216,910 Intangible assets, net 74,927 58,590 For-sale residential condominium units (1) 322,696 359,638 Other assets 85,360 46,646 Total assets $ 3,107,853 $ 2,927,936 Notes and mortgages payable, net $ 1,833,023 $ 1,791,404 Intangible liabilities, net 12,700 18,397 Other liabilities 58,134 61,097 Total liabilities 1,903,857 1,870,898 Equity 1,203,996 1,057,038 Total liabilities and equity $ 3,107,853 $ 2,927,936 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Income Statements: 2022 2021 2022 2021 Revenues: Rental revenue $ 41,145 $ 57,998 $ 153,181 $ 171,721 Other income (2) 15,250 92,360 65,276 93,698 Total revenues 56,395 150,358 218,457 265,419 Expenses: Operating (2) 34,234 102,949 129,035 153,526 Depreciation and amortization 17,734 26,432 68,140 80,899 Total expenses 51,968 129,381 197,175 234,425 Other income (expense): Interest and other income (loss) 471 ( 27 ) 487 ( 83 ) Interest and debt expense ( 13,967 ) ( 17,503 ) ( 47,900 ) ( 45,135 ) (Loss) income before income taxes ( 9,069 ) 3,447 ( 26,131 ) ( 14,224 ) Income tax expense ( 11 ) ( 17 ) ( 54 ) ( 32 ) Net (loss) income $ ( 9,080 ) $ 3,430 $ ( 26,185 ) $ ( 14,256 ) (1) Represents the cost of residential condominium units at One Steuart Lane that are available for sale. (2) Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets and Liabilities	The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Intangible assets: Gross amount $ 337,104 $ 371,555 Accumulated amortization ( 239,733 ) ( 252,142 ) $ 97,371 $ 119,413 Intangible liabilities: Gross amount $ 138,726 $ 151,118 Accumulated amortization ( 99,689 ) ( 105,790 ) $ 39,037 $ 45,328 For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 Amortization of above and below-market leases, net $ ( 84 ) $ 722 $ 589 $ 2,335 Amortization of acquired in-place leases 5,401 6,413 16,344 20,183
Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases	The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2023. (Amounts in thousands) Above and In-Place Leases 2023 $ 5,151 $ 17,705 2024 6,091 14,248 2025 4,745 10,451 2026 2,872 7,896 2027 2,560 7,252

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our consolidated outstanding debt. Interest Rate Maturity Fixed/ as of As of (Amounts in thousands) Date Variable Rate September 30, 2022 September 30, 2022 December 31, 2021 Notes and mortgages payable: 1633 Broadway (1) Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza (1) Feb-2024 Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (2) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (3) 5.56 % 360,000 360,000 3.76 % 860,000 860,000 31 West 52nd Street Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street (1) Oct-2023 Fixed 3.65 % 273,000 273,000 Total notes and mortgages payable 3.58 % 3,858,000 3,858,000 Less: unamortized deferred financing costs ( 18,856 ) ( 22,380 ) Total notes and mortgages payable, net $ 3,839,144 $ 3,835,620 $750 Million Revolving Mar-2026 SOFR + 115 bps n/a $ - $ - (1) Our ownership interests in 1633 Broadway, One Market Plaza and 300 Mission Street are 90.0 %, 49.0 % and 31.1 %, respectively. (2) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 7, Derivative Instruments and Hedging Activities. (3) Represents variable rate loans, where LIBOR has been capped at 2.00 % through August 2023. See Note 7, Derivative Instruments and Hedging Activities .

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Interest Rate Swaps [Member]
Derivative [Line Items]
Schedule of Interest Rate Swaps and Interest Rate Caps	The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges. Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 LIBOR 0.46 % $ 34,449 $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 34,449 $ 6,691
Interest Rate Caps [Member]
Derivative [Line Items]
Schedule of Interest Rate Swaps and Interest Rate Caps	Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 360,000 Jul-2021 Aug-2023 LIBOR 2.00 % $ 6,987 $ 306 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 6,987 $ 306

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Summary of Changes in Accumulated Other Comprehensive Income by Component	The following table sets forth changes in accumulated other comprehensive income by component for the three and nine months ended September 30, 2022 and 2021, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 Amount of income related to the cash flow hedges recognized (1) $ 12,134 $ 671 $ 36,786 $ 671 Amounts reclassified from accumulated other comprehensive (1) ( 2,338 ) 324 ( 2,336 ) 324 Amount of income (loss) related to unconsolidated joint ventures (2) 6,150 ( 88 ) 18,046 2,693 Amounts reclassified from accumulated other comprehensive income (2) ( 443 ) 1,016 1,063 2,984 (1) Represents amounts related to interest rate swaps with an aggregate notional value of $ 500,000 and interest rate caps with an aggregate notional value of $ 360,000 , which were designated as cash flow hedges. (2) Primarily represents amounts related to an interest rate swap with a notional value of $ 402,000 , which was designated as a cash flow hedge.

Variable Interest Entities ("_2

Variable Interest Entities ("VIEs") (Tables)	9 Months Ended
	Sep. 30, 2022
Consolidated VIEs [Member]
Summary of Assets and Liabilities of Consolidated Variable Interest Entities	The following table summarizes the assets and liabilities of consolidated VIEs of the Operating Partnership. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Real estate, net $ 3,375,154 $ 3,415,735 Cash and cash equivalents and restricted cash 151,870 198,154 Investments in unconsolidated joint ventures 79,355 76,428 Accounts and other receivables 12,502 6,801 Deferred rent receivable 194,540 197,794 Deferred charges, net 51,063 53,013 Intangible assets, net 53,275 62,380 Other assets 22,494 15,551 Total VIE assets $ 3,940,253 $ 4,025,856 Notes and mortgages payable, net $ 2,489,395 $ 2,487,871 Accounts payable and accrued expenses 66,663 54,738 Intangible liabilities, net 23,942 27,674 Other liabilities 5,416 6,427 Total VIE liabilities $ 2,585,416 $ 2,576,710
Unconsolidated VIEs [Member]
Summary of Investments in Unconsolidated Real Estate Funds and Maximum Risk of Loss from Investments	The following table summarizes our investments in these unconsolidated real estate funds and the maximum risk of loss from these investments. As of (Amounts in thousands) September 30, 2022 December 31, 2021 Investments $ 14,558 $ 11,421 Asset management fees and other receivables 11 9 Maximum risk of loss $ 14,569 $ 11,430

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets Measured at Fair Value	The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy. As of September 30, 2022 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 34,449 $ - $ 34,449 $ - Interest rate cap assets (included in "other assets") 6,987 - 6,987 - Total assets $ 41,436 $ - $ 41,436 $ - As of December 31, 2021 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 6,691 $ - $ 6,691 $ - Interest rate cap assets (included in "other assets") 306 - 306 - Total assets $ 6,997 $ - $ 6,997 $ -
Summary of Carrying Amounts and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of September 30, 2022 As of December 31, 2021 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,858,000 $ 3,544,332 $ 3,858,000 $ 3,893,252 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,544,332 $ 3,858,000 $ 3,893,252

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Schedule of Rental Revenues	The following table sets forth the details of our rental revenue. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Rental revenue: Fixed $ 162,444 $ 158,400 $ 480,766 $ 478,670 Variable 16,806 12,451 45,649 39,955 (1) Total rental revenue $ 179,250 $ 170,851 $ 526,415 $ 518,625 Includes $ 5,051 of income in connection with a tenant’s lease termination at 300 Mission Street .
Schedule of Future Undiscounted Cash Flows Under Non-Cancellable Operating Leases	The following table is a schedule of future undiscounted cash flows under non-cancellable operating leases in effect as of September 30, 2022, for the three-month period from October 1, 2022 through December 31, 2022, and each of the five succeeding years and thereafter commencing January 1, 2023. (Amounts in thousands) 2022 $ 160,622 2023 631,729 2024 644,393 2025 599,023 2026 503,600 2027 438,968 Thereafter 2,242,109 Total $ 5,220,444

Fee and Other Income (Tables)

Fee and Other Income (Tables)	9 Months Ended
	Sep. 30, 2022
Disaggregation Of Revenue [Abstract]
Summary of Fee and Other Income	The following table sets forth the details of our fee and other income. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Fee income: Asset management $ 3,166 $ 3,280 $ 9,138 $ 10,175 Property management 1,849 2,176 6,171 6,457 Acquisition, disposition, leasing and other 117 1,105 7,785 2,800 Total fee income 5,132 6,561 23,094 19,432 Other income (1) 2,765 1,719 6,840 4,509 Total fee and other income $ 7,897 $ 8,280 $ 29,934 $ 23,941 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.

Interest and Other Income, net

Interest and Other Income, net (Tables)	9 Months Ended
	Sep. 30, 2022
Interest And Other Income [Abstract]
Schedule of Interest and Other Income, net	The following table sets forth the details of interest and other income, net. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Interest income, net $ 1,580 $ 221 $ 2,607 $ 1,008 Mark-to-market of investments in our (1) - ( 83 ) - 1,502 Total interest and other income, net $ 1,580 $ 138 $ 2,607 $ 2,510 (1) The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	9 Months Ended
	Sep. 30, 2022
Interest And Debt Expense [Abstract]
Details of Interest and Debt Expense	The following table sets forth the details of interest and debt expense. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2022 2021 2022 2021 Interest expense $ 35,412 $ 33,600 $ 102,190 $ 98,613 Amortization of deferred financing costs 1,537 2,666 (1) 4,614 7,306 (1) Total interest and debt expense $ 36,949 $ 36,266 $ 106,804 $ 105,919 (1) Includes $ 761 of expense from the non-cash write-off of deferred financing costs in connection with the $ 860,000 refinancing of 1301 Avenue of the Americas in July 2021.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Summary of Computation of Earnings Per Share	The following table summarizes our net (loss) income and the number of common shares used in the computation of basic and diluted (loss) income per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands, except per share amounts) 2022 2021 2022 2021 Numerator: Net (loss) income attributable to common stockholders $ ( 1,537 ) $ ( 2,055 ) $ 1,474 $ ( 21,576 ) Earnings allocated to unvested participating securities ( 21 ) ( 17 ) ( 64 ) ( 54 ) Numerator for (loss) income per common share - $ ( 1,558 ) $ ( 2,072 ) $ 1,410 $ ( 21,630 ) Denominator: Denominator for basic loss per common share - 224,865 218,706 222,229 218,690 Effect of dilutive stock-based compensation plans (1) - - 34 - Denominator for diluted loss per common share - 224,865 218,706 222,263 218,690 (Loss) income per common share - basic and diluted $ ( 0.01 ) $ ( 0.01 ) $ 0.01 $ ( 0.10 ) (1) The effect of dilutive securities excludes 18,041 and 23,862 weighted average share equivalents for the three months ended September 30, 2022 and 2021, respectively, and 20,889 and 23,785 weighted average share equivalents for the nine months ended September 30, 2022 and 2021, respectively, as their effect was anti-dilutive.

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of NOI for Each Reportable Segment Information	The following tables provide Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Three Months Ended September 30, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 182,015 $ 117,431 $ 64,667 $ ( 83 ) Property-related operating expenses ( 72,845 ) ( 52,421 ) ( 19,496 ) ( 928 ) NOI from unconsolidated joint ventures 11,540 3,556 7,837 147 NOI (1) $ 120,710 $ 68,566 $ 53,008 $ ( 864 ) For the Three Months Ended September 30, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 172,570 $ 109,842 $ 63,527 $ ( 799 ) Property-related operating expenses ( 67,131 ) ( 47,545 ) ( 18,646 ) ( 940 ) NOI from unconsolidated joint ventures 11,627 2,875 8,665 87 NOI (1) $ 117,066 $ 65,172 $ 53,546 $ ( 1,652 ) For the Nine Months Ended September 30, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 533,255 $ 349,136 $ 185,798 $ ( 1,679 ) Property-related operating expenses ( 207,320 ) ( 148,779 ) ( 55,369 ) ( 3,172 ) NOI from unconsolidated joint ventures 34,359 9,902 24,162 295 NOI (1) $ 360,294 $ 210,259 $ 154,591 $ ( 4,556 ) For the Nine Months Ended September 30, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 523,134 $ 329,870 $ 195,673 $ ( 2,409 ) Property-related operating expenses ( 197,821 ) ( 142,370 ) ( 52,651 ) ( 2,800 ) NOI from unconsolidated joint ventures 32,510 8,445 24,054 11 NOI (1) $ 357,823 $ 195,945 $ 167,076 $ ( 5,198 ) (1) NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.
Schedule of Reconciliation of NOI to Net (Loss) Income Attributable to Common Stockholders	The following table provides a reconciliation of NOI to net (loss) income attributable to common stockholders for the periods set forth below. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2022 2021 2022 2021 NOI $ 120,710 $ 117,066 $ 360,294 $ 357,823 Add (subtract) adjustments to arrive to net income: Fee income 5,132 6,561 23,094 19,432 Depreciation and amortization expense ( 58,284 ) ( 57,522 ) ( 171,306 ) ( 175,752 ) General and administrative expenses ( 13,150 ) ( 13,257 ) ( 45,501 ) ( 46,039 ) NOI from unconsolidated joint ventures (excluding ( 11,540 ) ( 11,627 ) ( 34,359 ) ( 32,510 ) (Loss) income from unconsolidated joint ventures ( 5,797 ) 223 ( 15,326 ) ( 20,810 ) Interest and other income, net 1,580 138 2,607 2,510 Interest and debt expense ( 36,949 ) ( 36,266 ) ( 106,804 ) ( 105,919 ) Other, net 195 189 244 101 Income (loss) before income taxes 1,897 5,505 12,943 ( 1,164 ) Income tax expense ( 673 ) ( 873 ) ( 1,559 ) ( 2,448 ) Net income (loss) 1,224 4,632 11,384 ( 3,612 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 4,179 ) ( 3,768 ) ( 12,383 ) ( 16,924 ) Consolidated real estate fund 1,309 ( 3,123 ) 2,677 ( 3,179 ) Operating Partnership 109 204 ( 204 ) 2,139 Net (loss) income attributable to common stockholders $ ( 1,537 ) $ ( 2,055 ) $ 1,474 $ ( 21,576 )
Schedule of Total Assets for Each Reportable Segments Information	The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other September 30, 2022 $ 8,496,480 $ 5,346,628 $ 2,684,864 $ 464,988 December 31, 2021 8,494,562 5,336,210 2,696,131 462,221

Organization and Business - Add

Organization and Business - Additional Information (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2022 ft² Properties
Real Estate Properties [Line Items]
Area of office and retail properties	14
New York [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties | Properties	8
Area of office and retail properties	8.7
New York [Member] | Office Space [Member]
Real Estate Properties [Line Items]
Area of office and retail properties	8.2
New York [Member] | Retail, Theater and Amenity Space [Member]
Real Estate Properties [Line Items]
Area of office and retail properties	0.5
San Francisco [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties | Properties	6
Area of office and retail properties	4.3
San Francisco [Member] | Office Space [Member]
Real Estate Properties [Line Items]
Area of office and retail properties	4.1
San Francisco [Member] | Retail Space [Member]
Real Estate Properties [Line Items]
Area of office and retail properties	0.2
New York And Washington, D.C [Member]
Real Estate Properties [Line Items]
Number of real estate properties managed | Properties	5
Area of office and retail properties	1
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Real Estate Properties [Line Items]
Percentage of ownership in operating partnership	93.40%

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Accounting Standards Update [Extensible Enumeration]	us-gaap:AccountingStandardsUpdate202006Member
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2022
Change in accounting principle, accounting standards update, immaterial effect [true false]	true

Investments in Unconsolidated_3

Investments in Unconsolidated Joint Ventures - Additional Information (Details)	Sep. 30, 2022 ft²	Feb. 24, 2022 USD ($) ft²
Schedule Of Equity Method Investments [Line Items]
Area of office and retail properties | ft²	14,000,000
Mars, Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Lease term		15 years
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.20%	9.20%
Area of office and retail properties | ft²		26,000
Sale agreement amount | $		$ 191,500,000
Interest-only loan, fixed amount | $		$ 98,000,000
Interest-only loan, fixed rate		3.45%
Interest-only loan, Term		10 years

Investments in Unconsolidated_4

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Feb. 24, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 428,785		$ 428,785			$ 408,096
(Loss) income from unconsolidated joint ventures	$ (5,797)	$ 223	$ (15,326)	$ (20,810)
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50%		50%
(Loss) income from unconsolidated joint ventures		431		(10,697)
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	67%		67%
Investments in unconsolidated joint ventures	$ 197,050		$ 197,050			185,344
(Loss) income from unconsolidated joint ventures	$ (2,811)	(2,228)	$ (7,661)	(9,272)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	44.10%		44.10%
Investments in unconsolidated joint ventures	$ 85,988		$ 85,988			88,284
(Loss) income from unconsolidated joint ventures	$ (825)	(702)	$ (2,296)	(2,171)
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	49%		49%
Investments in unconsolidated joint ventures	$ 33,012		$ 33,012			35,182
(Loss) income from unconsolidated joint ventures	$ (748)	(685)	$ (2,207)	(1,874)
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.20%		9.20%		9.20%
Investments in unconsolidated joint ventures	$ 9,369		$ 9,369
(Loss) income from unconsolidated joint ventures	$ 30		$ (38)
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	5%		5%
Investments in unconsolidated joint ventures	$ 20,630		$ 20,630			19,230
(Loss) income from unconsolidated joint ventures	$ (23)	18	$ 42	52
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	35%		35%
Investments in unconsolidated joint ventures	$ 79,355		$ 79,355			76,428
(Loss) income from unconsolidated joint ventures	$ (1,516)	3,363	$ (3,303)	3,138
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.50%		9.50%
Investments in unconsolidated joint ventures	$ 3,381		$ 3,381			$ 3,628
(Loss) income from unconsolidated joint ventures	$ 96	$ 26	$ 137	$ 14

Investments in Unconsolidated_5

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Parenthetical) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Distributions of earnings from unconsolidated joint ventures	$ 34	$ 3,950
Contribution to the joint venture	11,252	11,750
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Distributions made in excess of share of earnings recognized negative basis	14,035		$ 14,329
Distributions of earnings from unconsolidated joint ventures		1,053
Contribution to the joint venture		$ 11,750
Income (Loss) of investment accounted under equity method accounting	588
Proportionate share of income (loss) of equity method investment not recognized	$ 294
Equity method ownership percentage	50%
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 471
Equity method ownership percentage	44.10%
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 325
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 2,586
Equity method ownership percentage	5%
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 645
Equity method ownership percentage	35%
Equity method economic interest percentage	2.60%
One Steuart Lane [Member] | Residential Development Fund's [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method ownership percentage	7.40%
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 4,138
Equity method ownership percentage	9.50%

Investments in Unconsolidated_6

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Total assets	[1]	$ 8,496,480		$ 8,496,480		$ 8,494,562
Total liabilities	[1]	4,073,287		4,073,287		4,039,530
Equity		3,674,363		3,674,363		3,588,163
Total liabilities and equity		8,496,480		8,496,480		8,494,562
Rental revenue		179,250	$ 170,851	526,415	$ 518,625
Other income		2,765	1,719	6,840	4,509
Total revenues		187,147	179,131	556,349	542,566
Operating		72,845	67,131	207,320	197,821
Depreciation and amortization		58,284	57,522	171,306	175,752
Total expenses		144,384	137,997	424,508	420,115
Interest and other income (loss)		1,580	138	2,607	2,510
Interest and debt expense		(36,949)	(36,266)	(106,804)	(105,919)
(Loss) income before income taxes		1,897	5,505	12,943	(1,164)
Income tax expense		(673)	(873)	(1,559)	(2,448)
Net (loss) income attributable to common stockholders		(1,537)	(2,055)	1,474	(21,576)
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate, net		2,410,055		2,410,055		2,246,152
Cash and cash equivalents and restricted cash		214,815		214,815		216,910
Equity Method Investment Summarized Financial Information Intangible Assets Net		74,927		74,927		58,590
For-sale residential condominium units	[2]	322,696		322,696		359,638
Other assets		85,360		85,360		46,646
Total assets		3,107,853		3,107,853		2,927,936
Equity Method Investment Summarized Financial Information Mortgage And Notes Payable		1,833,023		1,833,023		1,791,404
Equity Method Investment Summarized Financial Information Intangible Liabilities Net		12,700		12,700		18,397
Other liabilities		58,134		58,134		61,097
Total liabilities		1,903,857		1,903,857		1,870,898
Equity		1,203,996		1,203,996		1,057,038
Total liabilities and equity		3,107,853		3,107,853		$ 2,927,936
Rental revenue		41,145	57,998	153,181	171,721
Other income	[3]	15,250	92,360	65,276	93,698
Total revenues		56,395	150,358	218,457	265,419
Operating	[3]	34,234	102,949	129,035	153,526
Depreciation and amortization		17,734	26,432	68,140	80,899
Total expenses		51,968	129,381	197,175	234,425
Interest and other income (loss)		471	(27)	487	(83)
Interest and debt expense		(13,967)	(17,503)	(47,900)	(45,135)
(Loss) income before income taxes		(9,069)	3,447	(26,131)	(14,224)
Income tax expense		(11)	(17)	(54)	(32)
Net (loss) income attributable to common stockholders		$ (9,080)	$ 3,430	$ (26,185)	$ (14,256)
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4 % as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $ 3,940,253 and $ 2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”). Represents the cost of residential condominium units at One Steuart Lane that are available for sale. Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.

Investments in Unconsolidated_7

Investments in Unconsolidated Real Estate Funds - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Investment Holdings [Line Items]
Investments in unconsolidated real estate funds	$ 14,558,000		$ 14,558,000		$ 11,421,000
Income (loss) from unconsolidated real estate funds	300,000	$ 276,000	625,000	$ 604,000
Fund X [Member]
Investment Holdings [Line Items]
Capital commitments			192,000,000
Capital commitments invested	139,637,000		139,637,000
Capital commitments reserved for future funding	$ 43,016,000		$ 43,016,000
Alternative Investment Fund, Interest Rate	7.80%		7.80%
Fund VIII [Member]
Investment Holdings [Line Items]
Alternative Investment Fund, Interest Rate	1.30%		1.30%

Intangible Assets and Intangibl

Intangible Assets and Intangible Liabilities - Summary of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Intangible assets:
Gross amount	$ 337,104		$ 337,104		$ 371,555
Accumulated amortization	(239,733)		(239,733)		(252,142)
Intangible assets, Net	97,371		97,371		119,413
Intangible liabilities:
Gross amount	138,726		138,726		151,118
Accumulated amortization	(99,689)		(99,689)		(105,790)
Intangible Liabilities, Net	39,037		39,037		$ 45,328
Leases, Acquired-in-Place, Market Adjustment [Member]
Intangible liabilities:
Amortization of above and below-market leases, net (component of "rental revenue")	(84)	$ 722	589	$ 2,335
Leases, Acquired-in-Place [Member]
Intangible liabilities:
Amortization of acquired in-place leases (component of "depreciation and amortization")	$ 5,401	$ 6,413	$ 16,344	$ 20,183

Intangible Assets and Intangi_2

Intangible Assets and Intangible Liabilities - Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Finite Lived Intangible Assets [Line Items]
2023	$ 5,151
2024	6,091
2025	4,745
2026	2,872
2027	2,560
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
2023	17,705
2024	14,248
2025	10,451
2026	7,896
2027	$ 7,252

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate	3.58%
Notes and mortgages payable	$ 3,858,000	$ 3,858,000
Credit Facility	0	0
Less: unamortized deferred financing costs	(18,856)	(22,380)
Total notes and mortgages payable, net	$ 3,839,144	3,835,620
Credit Facility With Variable Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date of debt	2026-03
Credit Facility With Variable Rate [Member] | Secured Overnight Financing Rate (SOFR) [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	1.15%
1633 Broadway [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2029-12
Notes and mortgages payable, Interest Rate	2.99%
Notes and mortgages payable	$ 1,250,000	1,250,000
One Market Plaza [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2024-02
Notes and mortgages payable, Interest Rate	4.03%
Notes and mortgages payable	$ 975,000	975,000
1301 Avenue of the Americas [Member]
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate	3.76%
Notes and mortgages payable	$ 860,000	860,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2026-08
Notes and mortgages payable, Interest Rate	2.46%
Notes and mortgages payable	$ 500,000	500,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Variable Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2026-08
Notes and mortgages payable, Interest Rate	5.56%
Notes and mortgages payable	$ 360,000	360,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Variable Rate [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	3.56%
31 West 52nd Street [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2026-06
Notes and mortgages payable, Interest Rate	3.80%
Notes and mortgages payable	$ 500,000	500,000
300 Mission Street [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt	2023-10
Notes and mortgages payable, Interest Rate	3.65%
Notes and mortgages payable	$ 273,000	$ 273,000

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Debt (Parenthetical) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
1633 Broadway [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	90%	90%
One Market Plaza [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	49%	49%
300 Mission Street [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	31.10%	31.10%
1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member] | Mortgages and Notes Payable with Variable Rate [Member]
Debt Instrument [Line Items]
Capped interest rate	2%	2%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jul. 29, 2021
Derivative [Line Items]
Changes in fair value of these interest rate swaps and interest rate caps	$ 12,134,000	$ 671,000	$ 36,786,000	$ 671,000
Designated As Hedging Instrument [Member] | | Cash Flow Hedging [Member]
Derivative [Line Items]
Changes in fair value of these interest rate swaps and interest rate caps	$ 9,796,000	$ 995,000	34,450,000	$ 995,000
Amount to be recognized in accumulated other comprehensive income (loss) reclassified to interest expense for next twelve months			$ 26,010,000
Designated As Hedging Instrument [Member] | | Interest Rate Swaps [Member] | Cash Flow Hedging [Member] | London Inter bank Offered Rate Libor Swap Rate [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount					$ 500,000,000
LIBOR rate					0.46%
Designated As Hedging Instrument [Member] | | Interest Rate Caps [Member] | Cash Flow Hedging [Member] | London Inter bank Offered Rate Libor Swap Rate [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount					$ 360,000,000
Aggregate notional percentage					2%

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Interest Rate Swaps and Interest Rate Caps (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Interest Rate Swaps [Member]
Derivative [Line Items]
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 34,449,000	$ 6,691,000
Interest Rate Swaps [Member] | 1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Notional Amount	$ 500,000,000
Effective Date	Jul. 31, 2021
Maturity Date	Aug. 31, 2024
Strike Rate	0.46%
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 34,449,000	6,691,000
Interest Rate Caps [Member]
Derivative [Line Items]
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	6,987,000	306,000
Interest Rate Caps [Member] | 1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Notional Amount	$ 360,000,000
Effective Date	Jul. 31, 2021
Maturity Date	Aug. 31, 2023
Strike Rate	2%
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 6,987,000	$ 306,000

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended	10 Months Ended	12 Months Ended
	Oct. 30, 2022	Sep. 30, 2022	Sep. 30, 2022	Oct. 31, 2022	Dec. 31, 2020	Oct. 25, 2022	Nov. 05, 2019
Class Of Stock [Line Items]
Common stock shares authorized amount							$ 200,000,000
Stock repurchased, price per share		$ 6.58	$ 6.58		$ 8.69
Stock repurchased, value		$ 21,313,000	$ 21,313,000		$ 120,000,000
Subsequent Event [Member]
Class Of Stock [Line Items]
Stock repurchased, price per share	$ 6.24			$ 6.41
Stock repurchased, value	$ 20,361,000			$ 41,674,000
Stock repurchase amount available for future repurchase						$ 38,326,000
Common Stock [Member]
Class Of Stock [Line Items]
Stock repurchased		3,237,392	3,237,000		13,813,158
Stock repurchased, value		$ 32,000	$ 32,000
Common Stock [Member] | Subsequent Event [Member]
Class Of Stock [Line Items]
Stock repurchased	3,260,840			6,498,232

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Changes in fair value of these interest rate swaps and interest rate caps	$ 12,134	$ 671	$ 36,786	$ 671
Amounts reclassified from accumulated other comprehensive income (decreasing) increasing interest and debt expense	(2,338)	324	(2,336)	324
Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive income (loss)	6,150	(88)	18,046	2,693
Amounts reclassified from accumulated other comprehensive income (decreasing) increasing loss from unconsolidated joint ventures (2)	$ (443)	$ 1,016	$ 1,063	$ 2,984

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income by Component (Parenthetical) (Details) - Designated As Hedging Instrument [Member] |	Sep. 30, 2022 USD ($)
Interest Rate Swaps [Member] | Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 500,000,000
Interest Rate Caps [Member] | Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	360,000,000
Unconsolidated Joint Ventures [Member] | Interest Rate Swaps [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 402,000,000

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Consolidated joint ventures	$ 407,402,000	$ 428,833,000
Noncontrolling interests in consolidated real estate fund aggregated	79,248,000	81,925,000
Operating partnerships	262,180,000	356,111,000
Redemption value	$ 98,576,000	$ 181,315,000
Common units conversion basis	one-for-one

Variable Interest Entities ("_3

Variable Interest Entities ("VIEs") - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Variable Interest Entity [Line Items]
Percentage of ownership in operating partnership	93.40%

Variable Interest Entities ("_4

Variable Interest Entities ("VIEs") - Summary of Assets and Liabilities of Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Real estate, net		$ 6,870,830	$ 6,915,084
Cash and cash equivalents and restricted cash		509,854	529,666	$ 522,546	$ 465,324
Deferred rent receivable		340,540	332,735
Deferred charges, net		123,864	122,177
Intangible assets, net		97,371	119,413
Other assets		90,813	40,388
Total assets	[1]	8,496,480	8,494,562
Notes and mortgages payable, net		3,839,144	3,835,620
Accounts payable and accrued expenses		152,371	116,192
Intangible liabilities, net		39,037	45,328
Other liabilities		24,171	25,495
Total liabilities	[1]	4,073,287	4,039,530
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Real estate, net		3,375,154	3,415,735
Cash and cash equivalents and restricted cash		151,870	198,154
Investments in unconsolidated joint ventures		79,355	76,428
Accounts and other receivables		12,502	6,801
Deferred rent receivable		194,540	197,794
Deferred charges, net		51,063	53,013
Intangible assets, net		53,275	62,380
Other assets		22,494	15,551
Total assets		3,940,253	4,025,856
Notes and mortgages payable, net		2,489,395	2,487,871
Accounts payable and accrued expenses		66,663	54,738
Intangible liabilities, net		23,942	27,674
Other liabilities		5,416	6,427
Total liabilities		$ 2,585,416	$ 2,576,710
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4 % as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $ 3,940,253 and $ 2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).

Variable Interest Entities ("_5

Variable Interest Entities ("VIEs") - Summary of Investments in Unconsolidated Real Estate Funds and Maximum Risk of Loss from Investments (Details) - Unconsolidated Real Estate Funds [Member] - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Carrying Value of Investments [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 14,558	$ 11,421
Asset Management Fees and Other Receivables [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	11	9
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 14,569	$ 11,430

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	$ 41,436	$ 6,997
Interest Rate Swaps [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")	34,449	6,691
Interest Rate Caps [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")	6,987	306
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	41,436	6,997
Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")	34,449	6,691
Level 2 [Member] | Interest Rate Caps [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")	$ 6,987	$ 306

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	$ 3,858,000	$ 3,858,000
Total liabilities	3,858,000	3,858,000
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	3,544,332	3,893,252
Total liabilities	$ 3,544,332	$ 3,893,252

Leases - Additional Information

Leases - Additional Information (Details)	Sep. 30, 2022
Minimum [Member]
Lessor Lease Description [Line Items]
Lease term	5 years
Maximum [Member]
Lessor Lease Description [Line Items]
Lease term	15 years

Leases - Schedule of Rental Rev

Leases - Schedule of Rental Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation Of Revenue [Abstract]
Fixed rental revenues	$ 162,444	$ 158,400	$ 480,766	$ 478,670
Variable rental revenues	16,806	12,451	45,649	39,955	[1]
Total rental revenue	$ 179,250	$ 170,851	$ 526,415	$ 518,625
[1] Includes $ 5,051 of income in connection with a tenant’s lease termination at 300 Mission Street

Leases - Schedule of Rental R_2

Leases - Schedule of Rental Revenues (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation Of Revenue [Line Items]
Variable rental revenues	$ 16,806	$ 12,451	$ 45,649	$ 39,955	[1]
Tenant Lease Termination [Member]
Disaggregation Of Revenue [Line Items]
Variable rental revenues				$ 5,051
[1] Includes $ 5,051 of income in connection with a tenant’s lease termination at 300 Mission Street

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Flows Under Non-Cancellable Operating Leases (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Leases [Abstract]
2022	$ 160,622
2023	631,729
2024	644,393
2025	599,023
2026	503,600
2027	438,968
Thereafter	2,242,109
Total	$ 5,220,444

Fee and Other Income - Summary

Fee and Other Income - Summary of Fee and Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fee income:
Fee income	$ 5,132	$ 6,561	$ 23,094	$ 19,432
Other income	2,765	1,719	6,840	4,509
Total fee and other income	7,897	8,280	29,934	23,941
Asset Management Fees [Member]
Fee income:
Fee income	3,166	3,280	9,138	10,175
Property Management Fees [Member]
Fee income:
Fee income	1,849	2,176	6,171	6,457
Acquisition Disposition Leasing And Other [Member]
Fee income:
Fee income	$ 117	$ 1,105	$ 7,785	$ 2,800

Interest and Other Income, ne_2

Interest and Other Income, net - Schedule of Interest and Other Income, net (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest And Other Income [Abstract]
Interest income, net		$ 1,580	$ 221	$ 2,607	$ 1,008
Mark-to-market of investments in our deferred compensation plans	[1]		(83)		1,502
Total interest and other income, net		$ 1,580	$ 138	$ 2,607	$ 2,510
[1] The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.

Interest and Debt Expense - Det

Interest and Debt Expense - Details of Interest and Debt Expense (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest And Debt Expense [Abstract]
Interest expense		$ 35,412	$ 33,600	$ 102,190	$ 98,613
Amortization of deferred financing costs	[1]	1,537	2,666	4,614	7,306
Total interest and debt expense		$ 36,949	$ 36,266	$ 106,804	$ 105,919
[1] Includes $ 761 of expense from the non-cash write-off of deferred financing costs in connection with the $ 860,000 refinancing of 1301 Avenue of the Americas in July 2021.

Interest and Debt Expense - D_2

Interest and Debt Expense - Details of Interest and Debt Expense (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Extinguishment of Debt [Line Items]
Proceeds from notes and mortgages payable		$ 888,566
1301 Avenue of the Americas [Member]
Extinguishment of Debt [Line Items]
Expense from non-cash write-off of deferred financing costs	$ 761	761
Proceeds from notes and mortgages payable	$ 860,000	$ 860,000

Incentive Compensation - Additi

Incentive Compensation - Additional Information (Details) - USD ($)		3 Months Ended		9 Months Ended
	Jan. 13, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 4,149,000	$ 4,192,000	$ 14,853,000	$ 14,421,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted	$ 1,119,000
Shares available for grant	120,243
2022 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance measurement period, term	3 years
Performance measurement period, start date	Jan. 01, 2022
Performance measurement period, end date	Dec. 31, 2024
Percentage of payout exceeding units granted	100%
Reduction in percentage on number of LTIP units earned if negative TSR	30%
Fair value of awards granted	$ 7,188,000
Vesting period	4 years
2022 Performance Program [Member] | Share-Based Compensation Award Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of the awards that vest	50%
2022 Performance Program [Member] | Share-Based Compensation Award Tranche Two [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of the awards that vest	50%
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted	$ 5,313,000
Shares available for grant	626,942
Long Term Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years
Long Term Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Appreciation Only Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted	$ 5,831,000
Shares available for grant	2,703,499
2019 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value granted				8,106,000
Unrecognized compensation cost		$ 238,000		$ 238,000
Unrecognized compensation cost expected to be recognized over a weighted-average period				3 months

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net (loss) income attributable to common stockholders	$ (1,537)	$ (2,055)	$ 1,474	$ (21,576)
Earnings allocated to unvested participating securities	(21)	(17)	(64)	(54)
Numerator for income (loss) per common share - basic and diluted	$ (1,558)	$ (2,072)	$ 1,410	$ (21,630)
Denominator:
Denominator for basic loss per common share - weighted average shares	224,864,791	218,706,356	222,228,605	218,689,696
Effect of dilutive stock-based compensation plans			34,000
Denominator for diluted loss per common share - weighted average shares	224,864,791	218,706,356	222,262,748	218,689,696
(Loss) income per common share - basic	$ (0.01)	$ (0.01)	$ 0.01	$ (0.10)
(Loss) income per common share - diluted	$ (0.01)	$ (0.01)	$ 0.01	$ (0.10)

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computation of Earnings Per Share (Parenthetical) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Effect of dilutive securities excluded from computation of earning per share	18,041	23,862	20,889	23,785

Related Parties - Additional In

Related Parties - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Fee and other income	$ 7,897,000	$ 8,280,000	$ 29,934,000	$ 23,941,000
Accounts and other receivables	19,865,000		19,865,000		$ 15,582,000
Fee income	5,132,000	6,561,000	23,094,000	19,432,000
Accounts payable and accrued expenses	$ 152,371,000		152,371,000		116,192,000
Due from affiliates			59,000,000
Repayment of amounts due from affiliates			$ 59,000,000
712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50%		50%
CNBB-RDF Holdings Otto Family [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Fee and other income	$ 272,000	270,000	$ 1,021,000	1,497,000
Accounts and other receivables	53,000		53,000		484,000
Unconsolidated Joint Ventures and Real Estate Funds [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Accounts and other receivables	2,966,000		2,966,000		2,883,000
Fee income	$ 4,277,000	5,737,000	$ 20,075,000	16,239,000
Hamburg Trust Consulting GMBH ("HTC") [Member]
Related Party Transaction [Line Items]
Mark-up cost percentage	10%		10%
Transaction related costs	$ 105,000	127,000	$ 621,000	372,000
Accounts payable and accrued expenses	$ 123,000		$ 123,000		$ 523,000
Hamburg Trust Consulting GMBH ("HTC") [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership	100%		100%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50%		50%
Lease rental income	$ 91,000	$ 91,000	$ 273,000	$ 272,000
Fund X [Member]
Related Party Transaction [Line Items]
Due from affiliates			59,000,000
Repayment of accrued interest			$ 418,000
Fund X [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Related Party Transaction [Line Items]
Fixed/Variable Rate			2.20%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - New York State Division Of Taxation And Finance [Member]	Feb. 16, 2018 USD ($)
Minimum [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0
Maximum [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 55,800,000

Segments - Additional Informati

Segments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segments - Schedule of NOI for

Segments - Schedule of NOI for Each Reportable Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Property-related revenues		$ 182,015	$ 172,570	$ 533,255	$ 523,134
Property-related operating expenses		(72,845)	(67,131)	(207,320)	(197,821)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		11,540	11,627	34,359	32,510
NOI	[1]	120,710	117,066	360,294	357,823
New York [Member]
Segment Reporting Information [Line Items]
Property-related revenues		117,431	109,842	349,136	329,870
Property-related operating expenses		(52,421)	(47,545)	(148,779)	(142,370)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		3,556	2,875	9,902	8,445
NOI	[1]	68,566	65,172	210,259	195,945
San Francisco [Member]
Segment Reporting Information [Line Items]
Property-related revenues		64,667	63,527	185,798	195,673
Property-related operating expenses		(19,496)	(18,646)	(55,369)	(52,651)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		7,837	8,665	24,162	24,054
NOI	[1]	53,008	53,546	154,591	167,076
Other [Member]
Segment Reporting Information [Line Items]
Property-related revenues		(83)	(799)	(1,679)	(2,409)
Property-related operating expenses		(928)	(940)	(3,172)	(2,800)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		147	87	295	11
NOI	[1]	$ (864)	$ (1,652)	$ (4,556)	$ (5,198)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of NOI to Net (Loss) Income Attributable to Common Stockholders (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting [Abstract]
NOI	[1]	$ 120,710	$ 117,066	$ 360,294	$ 357,823
Fee income		5,132	6,561	23,094	19,432
Depreciation and amortization expense		(58,284)	(57,522)	(171,306)	(175,752)
General and administrative expenses		(13,150)	(13,257)	(45,501)	(46,039)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		(11,540)	(11,627)	(34,359)	(32,510)
(Loss) income from unconsolidated joint ventures		(5,797)	223	(15,326)	(20,810)
Interest and other income, net		1,580	138	2,607	2,510
Interest and debt expense		(36,949)	(36,266)	(106,804)	(105,919)
Other, net		195	189	244	101
Income (loss) before income taxes		1,897	5,505	12,943	(1,164)
Income tax expense		(673)	(873)	(1,559)	(2,448)
Net income (loss)		1,224	4,632	11,384	(3,612)
Consolidated joint ventures		(4,179)	(3,768)	(12,383)	(16,924)
Consolidated real estate fund		1,309	(3,123)	2,677	(3,179)
Operating Partnership		109	204	(204)	2,139
Net (loss) income attributable to common stockholders		$ (1,537)	$ (2,055)	$ 1,474	$ (21,576)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.

Segments - Schedule of Total As

Segments - Schedule of Total Assets for Each Reportable Segments Information (Details) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total assets	[1]	$ 8,496,480	$ 8,494,562
New York [Member]
Segment Reporting Information [Line Items]
Total assets		5,346,628	5,336,210
San Francisco [Member]
Segment Reporting Information [Line Items]
Total assets		2,684,864	2,696,131
Other [Member]
Segment Reporting Information [Line Items]
Total assets		$ 464,988	$ 462,221
[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 93.4 % as of September 30, 2022. As of September 30, 2022, the assets and liabilities of the Operating Partnership include $ 3,940,253 and $ 2,585,416 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 11, Variable Interest Entities (“VIEs”).