Paramount (PGRE) 10-K 15 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 01, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Trading Symbol	PGRE
Entity Registrant Name	PARAMOUNT GROUP, INC.
Entity Central Index Key	0001605607
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Entity Well Known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		216,982,588
Entity Public Float			$ 1,385,860,000
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
Document Annual Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock of Paramount Group, Inc., $0.01 par value per share
Entity Incorporation, State or Country Code	MD
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Auditor Firm ID	34
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Annual Stockholders’ Meeting (which is scheduled to be held on May 18, 2023) to be filed within 120 days after the end of the registrant’s fiscal year are incorporated by reference in Part III of this Annual Report on Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Real estate, at cost
Land		$ 1,966,237,000	$ 1,966,237,000
Buildings and improvements		6,177,540,000	6,061,824,000
Rental property, at cost		8,143,777,000	8,028,061,000
Accumulated depreciation and amortization		(1,297,553,000)	(1,112,977,000)
Real estate, net		6,846,224,000	6,915,084,000
Cash and cash equivalents		408,905,000	524,900,000
Restricted cash		40,912,000	4,766,000
Accounts and other receivables		23,866,000	15,582,000
Real estate related fund investments		105,369,000	0
Investments in unconsolidated real estate related funds		3,411,000	11,421,000
Investments in unconsolidated joint ventures		393,503,000	408,096,000
Deferred rent receivable		346,338,000	332,735,000
Deferred charges, net of accumulated amortization of $68,686 and $70,666		120,685,000	122,177,000
Intangible assets, net of accumulated amortization of $246,723 and $252,142		90,381,000	119,413,000
Other assets		73,660,000	40,388,000
Total assets	[1]	8,453,254,000	8,494,562,000
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $17,682 and $22,380		3,840,318,000	3,835,620,000
Revolving credit facility		0	0
Accounts payable and accrued expenses		123,176,000	116,192,000
Dividends and distributions payable		18,026,000	16,895,000
Intangible liabilities, net of accumulated amortization of $102,533 and $105,790		36,193,000	45,328,000
Other liabilities		24,775,000	25,495,000
Total liabilities	[1]	4,042,488,000	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 216,559,406 and 218,991,795 shares in 2022 and 2021, respectively		2,165,000	2,190,000
Additional paid-in-capital		4,186,161,000	4,122,680,000
Earnings less than distributions		(644,331,000)	(538,845,000)
Accumulated other comprehensive income		48,296,000	2,138,000
Paramount Group, Inc. equity		3,592,291,000	3,588,163,000
Noncontrolling interests in:
Consolidated joint ventures		402,118,000	428,833,000
Consolidated real estate related funds		173,375,000	81,925,000
Operating Partnership (14,586,411 and 21,704,404 units outstanding)		242,982,000	356,111,000
Total equity		4,410,766,000	4,455,032,000
Total liabilities and equity		$ 8,453,254,000	$ 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 93.7 % as of December 31, 2022. As of December 31, 2022, the assets and liabilities of the Operating Partnership include $ 4,013,461 and $ 2,579,381 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, Variable Interest Entities (“VIEs”) .

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Deferred charges, accumulated amortization		$ 68,686	$ 70,666
Intangible assets, accumulated amortization		246,723	252,142
Notes and mortgages payable, deferred financing costs		17,682	22,380
Intangible liabilities, accumulated amortization		$ 102,533	$ 105,790
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		900,000,000	900,000,000
Common stock, shares issued		216,559,406	218,991,795
Common stock, shares outstanding		216,559,406	218,991,795
Operating partnership, units outstanding		14,586,411	21,740,404
Total assets	[1]	$ 8,453,254	$ 8,494,562
Total liabilities	[1]	4,042,488	4,039,530
Variable Interest Entities [Member]
Total assets		4,013,461	4,025,856
Total liabilities		$ 2,579,381	$ 2,576,710
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Percentage of ownership in operating partnership		93.70%
[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 93.7 % as of December 31, 2022. As of December 31, 2022, the assets and liabilities of the Operating Partnership include $ 4,013,461 and $ 2,579,381 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, Variable Interest Entities (“VIEs”) .

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Rental revenue	$ 702,819,000	$ 690,418,000	$ 679,015,000
Fee and other income	37,558,000	36,368,000	35,222,000
Total revenues	740,377,000	726,786,000	714,237,000
Expenses:
Operating	277,422,000	265,438,000	267,587,000
Depreciation and amortization	232,517,000	232,487,000	235,200,000
General and administrative	59,487,000	59,132,000	64,917,000
Transaction related costs	470,000	916,000	1,096,000
Total expenses	569,896,000	557,973,000	568,800,000
Other income (expense):
Loss from real estate related fund investments	(2,233,000)	0	0
(Loss) income from unconsolidated real estate funds	(1,239,000)	782,000	272,000
Loss from unconsolidated joint ventures	(53,251,000)	(24,896,000)	(18,619,000)
Interest and other income, net	5,174,000	3,017,000	4,490,000
Interest and debt expense	(143,864,000)	(142,014,000)	(144,208,000)
(Loss) income from continuing operations, before income taxes	(24,932,000)	5,702,000	(12,628,000)
Income tax expense	(3,265,000)	(3,643,000)	(1,493,000)
(Loss) income from continuing operations, net	(28,197,000)	2,059,000	(14,121,000)
Loss from discontinued operations, net	0	0	(5,075,000)
Net (loss) income	(28,197,000)	2,059,000	(19,196,000)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(13,981,000)	(21,538,000)	(9,257,000)
Consolidated real estate related funds	3,342,000	(2,893,000)	1,450,000
Operating Partnership	2,433,000	2,018,000	2,299,000
Net loss attributable to common stockholders	$ (36,403,000)	$ (20,354,000)	$ (24,704,000)
Loss per Common Share - Basic:
Loss from continuing operations, net	$ (0.16)	$ (0.09)	$ (0.09)
Loss from discontinued operations, net	0	0	(0.02)
Net loss per common share	$ (0.16)	$ (0.09)	$ (0.11)
Weighted average common shares outstanding	221,309,938	218,701,249	222,436,170
Loss per Common Share - Diluted:
Loss from continuing operations, net	$ (0.16)	$ (0.09)	$ (0.09)
Loss from discontinued operations, net	0	0	(0.02)
Net loss per common share	$ (0.16)	$ (0.09)	$ (0.11)
Weighted average common shares outstanding	221,309,938	218,701,249	222,436,170

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (28,197)	$ 2,059	$ (19,196)
Other comprehensive income (loss):
Change in value of interest rate swaps and interest rate caps	31,839	6,857
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	18,485	9,565	(13,894)
Comprehensive income (loss)	22,127	18,481	(33,090)
Less comprehensive (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(13,981)	(21,538)	(9,257)
Consolidated real estate related funds	3,342	(2,908)	1,434
Operating Partnership	(1,733)	540	3,589
Comprehensive income (loss) attributable to common stockholders	$ 9,755	$ (5,425)	$ (37,324)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Earnings Less than Distributions [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Noncontrolling Interest [Member] Consolidated Joint Ventures [Member]	Noncontrolling Interest [Member] Consolidated Real Estate Related Funds [Member]	Noncontrolling Interest [Member] Operating Partnership [Member]
Beginning balance at Dec. 31, 2019	$ 4,630,962,000	$ 2,274,000	$ 4,133,184,000	$ (349,557,000)	$ (171,000)	$ 360,778,000	$ 72,396,000	$ 412,058,000
Common stock, shares outstanding at Dec. 31, 2019		227,432,000
Net (loss) income	(19,196,000)			(24,704,000)		9,257,000	(1,450,000)	(2,299,000)
Common shares issued upon redemption of common units		$ 51,000	85,659,000
Common shares issued upon redemption of common units, shares		5,150,000
Redemption of minority interest in operating partnerships								(85,710,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(332,000)	$ 1,000		(333,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		48,000
Repurchases of common shares	(120,000,000)	$ (138,000)	(119,862,000)
Repurchases of common shares, shares		(13,813,158)
Dividends and distributions	(89,603,000)			(81,799,000)				(7,804,000)
Contributions from noncontrolling interests	11,555,000					3,500,000	8,055,000
Distributions to noncontrolling interests	(12,717,000)					(12,717,000)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	(13,894,000)				(12,620,000)		16,000	(1,290,000)
Amortization of equity awards	19,386,000		1,318,000					18,068,000
Sale of a 10.0% interest in 1633 Broadway	109,573,000		33,230,000			76,343,000
Reallocation of noncontrolling interest			(13,356,000)					13,356,000
Ending 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 (loss) income	2,059,000			(20,354,000)		21,538,000	2,893,000	(2,018,000)
Common shares issued upon redemption of common units		$ 1,000	960,000					(961,000)
Common shares issued upon redemption of common units, shares		59,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(235,000)	$ 1,000		(236,000)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		116,000
Dividends and distributions	(67,578,000)			(61,310,000)				(6,268,000)
Contributions from noncontrolling interests	121,000					121,000
Distributions to noncontrolling interests	(30,539,000)					(30,539,000)
Change in value of interest rate swaps	6,857,000				6,237,000			620,000
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	9,565,000				8,692,000		15,000	858,000
Amortization of equity awards	18,777,000		1,221,000					17,556,000
Reallocation of noncontrolling interest			55,000					(55,000)
Other	271,000		271,000	(552,000)		552,000
Ending 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 (loss) income	$ (28,197,000)			(36,403,000)		13,981,000	(3,342,000)	(2,433,000)
Common shares issued upon redemption of common units		$ 79,000	128,664,000					(128,743,000)
Common shares issued upon redemption of common units, shares		7,844,000
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		94,000
Repurchases of common shares	(65,000,000)	$ (104,000)	(64,896,000)
Repurchases of common shares, shares		(10,370,610)
Dividends and distributions	(74,155,000)			(68,560,000)				(5,595,000)
Contributions from noncontrolling interests	3,257,000						3,257,000
Distributions to noncontrolling interests	(40,699,000)					(40,699,000)
Change in value of interest rate swaps	31,839,000				29,194,000			2,645,000
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	18,485,000				16,964,000			1,521,000
Amortization of equity awards	19,189,000		1,302,000					17,887,000
Consolidation of real estate related fund investments that were previously unconsolidated	91,535,000						91,535,000
Reallocation of noncontrolling interest			(1,589,000)					1,589,000
Other	(236,000)			(239,000)		3,000
Ending balance at Dec. 31, 2022	$ 4,410,766,000	$ 2,165,000	$ 4,186,161,000	$ (644,331,000)	$ 48,296,000	$ 402,118,000	$ 173,375,000	$ 242,982,000
Common stock, shares outstanding at Dec. 31, 2022	216,559,406	216,559,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends and distributions, Per share and unit	$ 0.31	$ 0.28	$ 0.37

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Cash Flows from Operating Activities:
Net (loss) income	$ (28,197,000)	$ 2,059,000		$ (19,196,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	232,517,000	232,487,000		235,890,000
Straight-lining of rental revenue	(13,602,000)	(2,495,000)		(28,216,000)
Amortization of stock-based compensation expense	19,003,000	18,612,000		19,239,000
Amortization of deferred financing costs	6,156,000	9,127,000	[1]	9,277,000
Loss from unconsolidated joint ventures	53,251,000	24,896,000		18,619,000
Distributions of earnings from unconsolidated joint ventures	1,324,000	7,278,000		3,999,000
Loss recognized upon consolidation of real estate related fund investments that were previously unconsolidated	2,627,000
Loss (Income) from unconsolidated real estate related funds	1,239,000	(782,000)		(272,000)
Distributions of earnings from unconsolidated real estate related funds	1,318,000	676,000		616,000
Amortization of above and below-market leases, net	(1,748,000)	(3,070,000)		(4,734,000)
Realized and unrealized gains on marketable securities		(1,535,000)		(1,918,000)
Loss on sale of real estate related to discontinued operations				12,766,000
Other non-cash adjustments	1,188,000	3,146,000		413,000
Changes in operating assets and liabilities:
Accounts and other receivables	(8,284,000)	1,920,000		1,729,000
Deferred charges	(15,083,000)	(18,438,000)		(10,761,000)
Other assets	(7,545,000)	(8,283,000)		(2,193,000)
Accounts payable and accrued expenses	3,658,000	16,246,000		(1,299,000)
Other liabilities	(1,185,000)	(37,538,000)		3,313,000
Net cash provided by operating activities	246,637,000	244,306,000		237,272,000
Cash Flows from Investing Activities:
Additions to real estate	(125,805,000)	(112,001,000)		(89,463,000)
Due from affiliates	(59,000,000)
Repayment of amounts due from affiliates	59,000,000			36,918,000
Investment in real estate related funds	(7,454,000)
Contributions of capital to unconsolidated real estate related funds	(5,018,000)	(3,324,000)		(2,945,000)
Distributions of capital from unconsolidated real estate related funds	1,506,000	4,926,000
Investments in and contributions of capital to unconsolidated joint ventures	(15,812,000)	(11,750,000)		(60,000)
Sales of marketable securities		40,228,000		22,188,000
Purchases of marketable securities		(21,562,000)		(15,809,000)
Proceeds from the sale of real estate related to discontinued operations				89,206,000
Net cash (used in) provided by investing activities	(152,583,000)	(103,483,000)		40,035,000
Cash Flows from Financing Activities:
Dividends paid to common stockholders	(67,062,000)	(61,297,000)		(89,225,000)
Distributions paid to common unitholders	(5,962,000)	(6,182,000)		(8,837,000)
Repurchases of common shares	(63,153,000)			(120,000,000)
Distributions to noncontrolling interests	(40,699,000)	(30,539,000)		(12,717,000)
Contributions from noncontrolling interests		121,000		11,555,000
Contributions from noncontrolling interests in consolidated real estate related funds	3,257,000
Repurchase of shares related to stock compensation agreements and related tax withholdings	(284,000)	(235,000)		(332,000)
Proceeds from notes and mortgages payable		888,566,000		9,791,000
Repayment of notes and mortgages payable		(850,000,000)
Debt issuance costs		(16,775,000)
Purchase of interest rate caps		(140,000)
Repayment of borrowings under revolving credit facility				(200,000,000)
Borrowings under revolving credit facility				163,082,000
Proceeds from the sale of a 10.0% interest in 1633 Broadway				111,984,000
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate related fund				(8,771,000)
Net cash (used in) provided by financing activities	(173,903,000)	(76,481,000)		(143,470,000)
Net increase (decrease) in cash and cash equivalents and restricted cash	(79,849,000)	64,342,000		133,837,000
Cash and cash equivalents and restricted cash at beginning of period	529,666,000	465,324,000		331,487,000
Cash and cash equivalents and restricted cash at end of period	449,817,000	529,666,000		465,324,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	524,900,000	434,530,000		306,215,000
Restricted cash at beginning of period	4,766,000	30,794,000		25,272,000
Cash and cash equivalents and restricted cash at beginning of period	529,666,000	465,324,000		331,487,000
Cash and cash equivalents at end of period	408,905,000	524,900,000		434,530,000
Restricted cash at end of period	40,912,000	4,766,000		30,794,000
Cash and cash equivalents and restricted cash at end of period	449,817,000	529,666,000		465,324,000
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest	139,332,000	132,476,000		135,607,000
Cash payments for income taxes, net of refunds	2,711,000	1,762,000		1,366,000
Non-Cash Transactions:
Common shares issued upon redemption of common units	128,743,000	961,000		85,710,000
Increase (decrease) due to consolidation of real estate related fund investments that were previously unconsolidated:
Real estate related fund investments	100,500,000
Investments in unconsolidated real estate related funds	(8,965,000)
Noncontrolling interests in consolidated real estate related funds	91,535,000
Change in value of interest rate swaps and interest rate caps	31,839,000	6,857,000
Dividends and distributions declared but not yet paid	18,026,000	16,895,000		16,796,000
Write-off of fully amortized and/or depreciated assets	11,386,000	46,594,000		9,141,000
Additions to real estate included in accounts payable and accrued expenses	14,595,000	12,177,000		$ 8,640,000
Transfer of deposit to investment in unconsolidated joint ventures	6,230,000	$ 6,230,000
Repurchases of common shares included in accounts payable and accrued expenses	$ 1,847,000
[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	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization And Business	1. O rganization 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 93.7 % of, the Operating Partnership as of December 31, 2022. As of December 31, 2022, we owned and/or managed a portfolio of 18 properties aggregating 13.8 million square feet comprised of: • Eight wholly and partially owned Class A 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 Class A 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 • Four managed properties aggregating 0.8 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 several real estate related funds for institutional investors and high net-worth individuals.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 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 have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Significant Accounting Policies Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years . Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale. Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and right to receive the returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We account for cash distributions in excess of our basis in the equity method investments as income when we have neither the requirement, nor the intent to provide financial support to the joint venture. Investments accounted for under the equity method are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. During the year ended December 31, 2022, we recognized $ 31,685,000 for our share of a real estate impairment loss of an unconsolidated joint venture (see Note 6, Investments in Unconsolidated Joint Ventures). Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash. Restricted Cash Restricted cash consists primarily of security deposits held on behalf of our tenants, cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements. Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” on our consolidated statements of income. Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consists of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” on our consolidated statements of income. Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging . The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have designated a derivative as a hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. We use derivative financial instruments in the normal course of business to selectively manage or hedge a portion of the risk associated with our indebtedness and interest payments. Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish these objectives, we primarily use interest rate swaps and interest rate caps. Interest rate swaps and interest rate caps that are designated as hedges are so designated at the inception of the contract. We require that hedging derivative instruments be highly effective in reducing the risk exposure that they are designated to hedge. The changes in the fair value of interest rate swaps and interest rate caps that are designated as hedges are recognized in “other comprehensive income (loss)” (outside of earnings) and subsequently reclassified to earnings over the term that the hedged transaction affects earnings. Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets or settlement of these liabilities. We use the following methods and assumptions in estimating fair value for financial instruments that are presented at fair value on our consolidated balance sheets: Interest Rate Swaps and Interest Rate Caps Interest rate swaps and interest rate caps are valued by a third-party specialist using widely accepted valuation techniques. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed and variable cash payments or receipts. The variable cash payments or receipts are based on future interest rates derived from observable market interest rate curves. The fair values of interest rate caps are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the interest rate caps. The variable interest rates used in the calculation of expected cash receipts are based on future interest rates derived from observable market interest rate curves and volatilities. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs. We have determined that the significance of the impact of the credit valuation adjustments made to our derivative contracts was not significant to the overall valuation. As a result, all of our derivatives held as December 31, 2022, are classified as Level 2 in the fair value hierarchy. Real Estate Related Fund Investments Our real estate related fund investments include mezzanine loan investments made by Paramount Group Real Estate Fund X, LP ("Fund X"). Fund X qualifies as an investment company pursuant to ASC Topic 946, Financial Services - Investment Companies. Accordingly, the underlying investments are generally carried at fair value, except investments that have a fair value above par value and where the borrower has the option to prepay the loan are carried at par value. The fair values of the investments are determined by a third-party specialist using the market standard yield methodology of discounting remaining contractual debt service payments at a market interest rate. These investments are classified as Level 3 in the fair value hierarchy. We use the following methods and assumptions in estimating fair value for financial instruments that are not presented at fair value on our consolidated balance sheets, but are disclosed in the notes to our consolidated financial statements: Notes and Mortgages Payable Notes and mortgages payable are valued by a third-party specialist using the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash payments we would be required to make under the instrument. The notes and mortgages payable are classified as Level 2 in the fair value hierarchy. The carrying values of all other financial instruments on our consolidated balance sheets, including cash and cash equivalents, restricted cash, accounts and other receivables and accounts payable and accrued expenses, approximate their fair values due to the short-term nature of these instruments. Revenue Recognition Rental Revenue 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. We evaluate the collectability of our tenant receivables for payments required under the lease agreements. If we determine that collectability is not probable, the difference between rental revenue recognized and rental payments received is recorded as an adjustment to “rental revenue” in our consolidated statements of income. Fee and Other Income Fee income includes (i) asset management fees, (ii) property management fees, (iii) fees relating to acquisitions, dispositions and leasing services and (iv) other fee income, and is recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers . Fee income is generated from the various services we provide to our customers and is disaggregated based on the types of services we provide pursuant to ASC Topic 606. Fee income is recognized as and when we satisfy our performance obligations pursuant to contractual agreements. Property management and asset management services are provided continuously over time and revenue is recognized over that time. Fee income relating to acquisitions, dispositions and leasing services is recognized upon completion of the acquisition, disposition or leasing services as required in the contractual agreements. The amount of fee income to be recognized is stated in the contract as a fixed price or as a stated percentage of revenues, contributed capital or transaction price. Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income. Gains and Losses on Sale of Real Estate Gains and losses on the sale of real estate are recognized pursuant to ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets, when (i) we do not have a controlling financial interest in the buyer and (ii) the buyer has obtained control of the real estate asset. Any gain or loss on sale is measured based on the difference between the amount of consideration received and the carrying amount of the real estate assets, less costs to sell. For partial sale of real estate resulting in transfer of control, we measure any noncontrolling interest retained at fair value and recognize a gain or loss on the difference between fair value and the carrying amount of the real estate assets retained. Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation . The fair value of the award on the date of grant (adjusted for estimated forfeitures) is ratably amortized into expense over the vesting period of the respective grants. The determination of fair value of these awards involves the use of significant estimates and assumptions, including expected volatility of our stock, expected dividend yield, expected term, and assumptions of whether these awards achieve the requisite performance criteria. Income Taxes We operate and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute currently to our stockholders. In order to maintain our qualification as a REIT, we are required under the Internal Revenue Code of 1986, as amended, to distribute at least 90 % of our taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If, with respect to any taxable year, we fail to maintain our qualification as a REIT, and we are not entitled to relief under the relevant statutory provisions, we would be subject to income tax at regular corporate tax rates. Even if we qualify as a REIT, we may also be subject to certain state, local and franchise taxes. Under certain circumstances, U.S. federal income tax may be due on our undistributed taxable income. We treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries (“TRSs”). TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Our TRSs had a combined current income tax expense of approximately $ 1,942,000 , $ 2,024,000 , and $ 698,000 for the years ended December 31, 2022, 2021 and 2020, respectively. In addition, our TRSs had combined deferred income tax expense of $ 101,000 , $ 703,000 and $ 32,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Net loss attributable to Paramount Group, Inc. $ ( 36,403 ) $ ( 20,354 ) $ ( 24,704 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 5,780 ) 3,082 ( 10,462 ) Depreciation and amortization 54,892 62,218 62,002 Stock-based compensation 17,607 16,933 17,766 Deferred compensation plan - ( 28,793 ) (1) - Our share of a real estate impairment loss of an 31,685 - - Sale of real estate - - 55,640 Other, net 20,352 27,476 ( 11,095 ) Estimated taxable income $ 82,353 $ 60,562 $ 89,147 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, 2022 2021 2020 Amount % Amount % Amount % Ordinary income $ 0.373 (1) 100.0 % $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % Long-term capital gain - 0.0 % 0.023 8.2 % 0.190 47.5 % Return of capital - 0.0 % 0.004 1.4 % 0.000 0.0 % Total $ 0.373 (2) 100.0 % $ 0.280 (3) 100.0 % $ 0.400 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that was paid in January 2023, was a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023. (3) Dividends declared in each of the fourth quarters of the years ended December 31, 2021 and 2020 of $ 0.07 per share, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes. 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. See Note 23, Segments. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make 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. Recently Issued Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which adds 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. ASU 2020-04 was effective beginning March 12, 2020 to December 31, 2022. 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 2021-01 was effective beginning January 7, 2021 to December 31, 2022. In December 2022, the FASB issued ASU 2022-06 to extend the effectiveness date of ASU 2020-04 and ASU 2021-01 from December 31, 2022 to December 31, 2024. 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.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	3. Discontinued Operations Beginning in 2018 and through 2020, we sold all of the assets in our Washington, D.C. portfolio, thereby exiting the Washington, D.C. office market. These dispositions represented a strategic shift in our operations and met the criteria for classifying our Washington, D.C. segment as “discontinued operations,” in accordance with ASC Topic 205, Presentation of Financial Statements. Accordingly, effective March 31, 2020, we reclassified the results of operations of our Washington, D.C. segment as discontinued operations. On December 24, 2020, we completed the sale of 1899 Pennsylvania Avenue, a 191,000 square foot trophy office building located in Washington, D.C., for $ 103,000,000 . We realized net proceeds of $ 89,206,000 from the sale after transaction costs and recognized a loss of $ 12,766,000 , which is included as a component of “loss from discontinued operations, net” on our consolidated statement of income for the year ended December 31, 2020. The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below. (Amounts in thousands) For the Year Ended Income Statements: (1) December 31, 2020 Revenues: Rental revenue $ 13,967 Other income 276 Total revenues 14,243 Expenses: Operating 5,853 Depreciation and amortization 690 Total expenses 6,543 Income before gain or loss on sale of real estate 7,700 Loss on sale of real estate ( 12,766 ) Loss before income taxes ( 5,066 ) Income tax expense ( 9 ) Loss from discontinued operations, net $ ( 5,075 ) For the Year Ended Statements of Cash Flows: (1) December 31, 2020 Cash provided by operating activities $ 5,522 Cash provided by investing activities (2) $ 89,206 Cash used in financing activities $ ( 96,896 ) Additional Cash Flow Information: Depreciation and amortization $ 690 (1) Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue. (2) Represents net proceeds from the sale of 1899 Pennsylvania Avenue.

Real Estate Related Fund Invest

Real Estate Related Fund Investments	12 Months Ended
	Dec. 31, 2022
Consolidated Real Estate Fund [Abstract]
Real Estate Related Fund Investments	4. Real Estate Related Fund Investments We are the general partner and investment manager of Fund X which invests in mezzanine loans. Prior to December 12, 2022, we owned an 8.2 % interest in Fund X and accounted for our investment under the equity method of accounting (see Note 5, Investments in Unconsolidated Real Estate Related Funds ). On December 12, 2022, we made an additional $ 7,454,000 investment in Fund X which increased our ownership interest to 13.0 %. Fund X is a VIE and we are deemed to be the primary beneficiary; accordingly, we began consolidating Fund X into our consolidated financial statements from December 12, 2022. The following table set forth a summary of the assets and liabilities of Fund X as of December 12, 2022. (Amounts in thousands) As of December 12, 2022 Real estate related fund investments $ 104,726 Cash and other assets and liabilities, net 512 Total real estate related fund investments 105,238 Less: noncontrolling interests in consolidated real estate related fund ( 91,535 ) Paramount Group, Inc.'s equity in real estate related fund investments $ 13,703 The following table sets forth the details of loss from real estate related fund investments for the period from December 12, 2022 to December 31, 2022. Period from December 12, 2022 to (Amounts in thousands) December 31, 2022 Net investment income $ 394 Loss recognized upon consolidation of real estate related ( 2,627 ) Loss from real estate related fund investments ( 2,233 ) Less: noncontrolling interests in consolidated real estate related fund ( 420 ) Loss from real estate related fund investments attributable $ ( 2,653 )

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Related Funds	12 Months Ended
	Dec. 31, 2022
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Related Funds	5. Investments in Unconsolidated Real Estate Related Funds We are the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) which invests in real estate and related investments. We account for our investment in Fund VIII under the equity method of accounting. As of December 31, 2022, our ownership interest in Fund VIII was approximately 1.3 %. Prior to December 12, 2022, we owned an 8.2 % interest in Fund X and accounted for our investment in Fund X under the equity method of accounting. On December 12, 2022, we made an additional $ 7,454,000 investment in Fund X which increased our ownership interest to 13.0 %. Fund X is a VIE and we are deemed to be the primary beneficiary; accordingly, we began consolidating Fund X into our consolidated financial statements from December 12, 2022 (see Note 4, Real Estate Related Fund Investments ). As of December 31, 2022, our share of the investments in unconsolidated real estate related funds, which represented our investment in Fund VIII, was $ 3,411,000 and, as of December 31, 2021, our share of investments in unconsolidated real estate related funds, which represented our investment in Fund VIII and Fund X, was $ 11,421,000 . We recognized a loss of $ 1,239,000 for the year ended December 31, 2022 and income of $ 782,000 and $ 272,000 for the years ended December 31, 2021 and 2020, respectively.

Investments in Unconsolidated J

Investments in Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Joint Ventures	6. 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 December 31, Our Share of Investments: Ownership 2022 2021 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center 67.0 % 192,948 185,344 55 Second Street (2) 44.1 % 85,340 88,284 111 Sutter Street 49.0 % - (3) 35,182 1600 Broadway (2)(4) 9.2 % 9,113 - 60 Wall Street (2) 5.0 % 25,034 19,230 One Steuart Lane (2) 35.0 % (5) 77,961 76,428 Oder-Center, Germany (2) 9.5 % 3,107 3,628 Investments in unconsolidated joint ventures $ 393,503 $ 408,096 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2022 2021 2020 712 Fifth Avenue (1) $ - $ ( 10,265 ) $ 687 Market Center ( 10,405 ) ( 11,848 ) ( 11,315 ) 55 Second Street (2) ( 2,943 ) ( 2,912 ) ( 2,723 ) 111 Sutter Street ( 35,190 ) (3) ( 2,658 ) ( 3,172 ) 1600 Broadway (2)(4) ( 9 ) - - 60 Wall Street (2) ( 89 ) 66 ( 70 ) One Steuart Lane (2) ( 4,696 ) 2,678 ( 2,043 ) Oder-Center, Germany (2) 81 43 17 Loss from unconsolidated joint ventures $ ( 53,251 ) $ ( 24,896 ) $ ( 18,619 ) (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. During the year ended December 31, 2022, the joint venture had net income of $ 1,804 of which our 50.0% share was $ 902 . Accordingly, our basis in the joint venture, taking into account our share of income, was negative $ 13,427 as of December 31, 2022. (2) As of December 31, 2022, the carrying amount of our investments in 55 Second Street, 1600 Broadway, 60 Wall Street, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $ 466 , $ 323 , $ 2,574 , $ 645 , $ 3,847 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) In the fourth quarter of 2022, the joint venture that owns 111 Sutter Street recognized a $ 64,663 real estate impairment loss, of which our 49.0% share was $ 31,685 . This impairment loss, together with our share of operating losses recognized during the fourth quarter, caused our basis in the joint venture to become negative $ 107 as of December 31, 2022. Since we have no further obligation to fund additional capital to the joint venture, we are no longer required to recognize our proportionate share of earnings from the joint venture until such time that our basis in the joint venture becomes positive. In the meantime, we will 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. (4) Acquired on February 24, 2022. (5) 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 December 31, Balance Sheets: 2022 2021 Real estate, net $ 2,377,084 $ 2,246,152 Cash and cash equivalents and restricted cash 252,540 216,910 Intangible assets, net 69,599 58,590 For-sale residential condominium units (1) 322,232 359,638 Other assets 87,054 46,646 Total assets $ 3,108,509 $ 2,927,936 Notes and mortgages payable, net $ 1,834,916 $ 1,791,404 Intangible liabilities, net 10,972 18,397 Other liabilities 50,783 61,097 Total liabilities 1,896,671 1,870,898 Equity 1,211,838 1,057,038 Total liabilities and equity $ 3,108,509 $ 2,927,936 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2022 2021 2020 Revenues: Rental revenue $ 194,031 $ 229,420 $ 243,713 Other income 65,850 (2) 139,705 (2) 2,828 Total revenues 259,881 369,125 246,541 Expenses: Operating 152,313 (2) 220,396 (2) 109,114 Depreciation and amortization 85,949 107,079 117,640 Total expenses 238,262 327,475 226,754 Other income (expense): Interest and other (loss) income, net 991 ( 111 ) ( 36 ) Interest and debt expense ( 62,173 ) ( 63,493 ) ( 58,239 ) Real estate impairment loss ( 64,663 ) (3) - - Loss before income taxes ( 104,226 ) ( 21,954 ) ( 38,488 ) Income tax expense ( 60 ) ( 32 ) ( 47 ) Net loss $ ( 104,286 ) $ ( 21,986 ) $ ( 38,535 ) (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. (3) Represents a real estate impairment loss on 111 Sutter Street, of which our share is $ 31,685 .

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	7. 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 December 31, (Amounts in thousands) 2022 2021 Intangible assets: Gross amount $ 337,104 $ 371,555 Accumulated amortization ( 246,723 ) ( 252,142 ) $ 90,381 $ 119,413 Intangible liabilities: Gross amount $ 138,726 $ 151,118 Accumulated amortization ( 102,533 ) ( 105,790 ) $ 36,193 $ 45,328 For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Amortization of above and below-market leases, net $ 1,748 $ 3,070 $ 4,775 Amortization of acquired in-place leases $ 21,645 $ 26,507 $ 36,628 The following table sets forth annual 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 Below- In-Place Leases 2023 $ 5,002 $ 17,705 2024 5,942 14,248 2025 4,596 10,451 2026 2,723 7,896 2027 2,410 7,252

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	8. Debt The following table summarizes our consolidated outstanding debt. Maturity Fixed/ Interest Rate As of December 31, (Amounts in thousands) Date Variable Rate December 31, 2022 2022 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 (2) Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (3) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (4) 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 (2) 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 ( 17,682 ) ( 22,380 ) Total notes and mortgages payable, net $ 3,840,318 $ 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) We are currently exploring various alternatives to refinance these loans and believe it is probable that we will be successful in refinancing them prior to their maturity. (3) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 9, Derivative Instruments and Hedging Activities. (4) Represents variable rate loans, where LIBOR has been capped at 2.00 % through August 2023. See Note 9, Derivative Instruments and Hedging Activities. The following table summarizes the principal repayments required for the next five years and thereafter in connection with our consolidated notes and mortgages payable and revolving credit facility as of December 31, 2022. Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2023 $ 273,000 $ 273,000 $ - 2024 975,000 975,000 - 2025 - - - 2026 1,360,000 1,360,000 - 2027 - - - Thereafter 1,250,000 1,250,000 -

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	9. 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 $ 31,839,000 and $ 6,857,000 for the years ended December 31, 2022 and 2021, respectively, from the changes in fair value of these derivative financial instruments. See Note 11, Accumulated Other Comprehensive Income . During the next twelve months, we estimate that $ 27,817,000 of the amounts to be recognized in accumulated other comprehensive income or loss will be reclassified as a decrease to interest expense. The table 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 December 31, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 LIBOR 0.46 % $ 32,681 $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 32,681 $ 6,691 Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate December 31, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 360,000 Jul-2021 Aug-2023 LIBOR 2.00 % $ 6,123 $ 306 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 6,123 $ 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 December 31, 2022, we did not have any obligations relating to our interest rate swaps or interest rate caps that contained such provisions.

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Equity	10. 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 10,370,610 common shares at a weighted average price of $ 6.27 per share, or $ 65,000,000 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 $ 15,000,000 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	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	11. Accumulated Other Comprehensive Income The following table sets forth changes in accumulated other comprehensive income by component for the years ended December 31, 2022, 2021 and 2020, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Amount of income related to the cash flow hedges (1) $ 39,865 $ 6,069 $ - Amount reclassified from accumulated other comprehensive (1) ( 8,026 ) 788 - Amount of income (loss) related to unconsolidated joint ventures (2) 18,859 5,562 ( 16,141 ) Amounts reclassified from accumulated other comprehensive (2) ( 374 ) 4,003 2,247 (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 interest rate swap with a notional value of $ 402,000 , which was designated as cash flow hedge.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	12. 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 December 31, 2022 and 2021, noncontrolling interests in our consolidated joint ventures aggregated $ 402,118,000 and $ 428,833,000 , respectively. Consolidated Real Estate Related Funds Noncontrolling interests in our consolidated real estate related funds as of December 31, 2022 was $ 173,375,000 and consists of equity interests held by third parties in our Residential Development Fund and Fund X, which we began consolidating into our consolidated financial statements effective December 12, 2022 (See Note 4, Real Estate Related Fund Investments ). As of December 31, 2021, noncontrolling interest in our consolidated real estate related fund was $ 81,925,000 and represented equity interests held by third parties in our Residential Development Fund. 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 December 31, 2022 and 2021, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $ 242,982,000 and $ 356,111,000 , respectively, and a redemption value of $ 86,644,000 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 year.

Variable Interest Entities ("VI

Variable Interest Entities ("VIEs")	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities ("VIEs")	13. 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 93.7 % of, the Operating Partnership as of December 31, 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 December 31, 2022 and 2021, the Operating Partnership held interests in consolidated VIEs owning properties and real estate related funds 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 December 31, (Amounts in thousands) 2022 2021 Real estate, net $ 3,364,482 $ 3,415,735 Cash and cash equivalents and restricted cash 144,446 198,154 Real estate related fund investments 105,369 - Investments in unconsolidated joint ventures 77,961 76,428 Accounts and other receivables 13,647 6,801 Deferred rent receivable 197,658 197,794 Deferred charges, net 49,485 53,013 Intangible assets, net 50,553 62,380 Other assets 9,860 15,551 Total VIE assets $ 4,013,461 $ 4,025,856 Notes and mortgages payable, net 2,489,902 2,487,871 Accounts payable and accrued expenses 61,492 54,738 Intangible liabilities, net 21,936 27,674 Other liabilities 6,051 6,427 Total VIE liabilities $ 2,579,381 $ 2,576,710 Unconsolidated VIEs As of December 31, 2022, the Operating Partnership held variable interests in entities that own our unconsolidated real estate related funds that were deemed to be VIEs. The following table summarizes our investments in these unconsolidated real estate related funds and the maximum risk of loss from these investments. As of December 31, (Amounts in thousands) 2022 2021 Investments $ 3,411 $ 11,421 Asset management fees and other receivables 21 9 Maximum risk of loss $ 3,432 $ 11,430

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	14. 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 December 31, 2022 (Amounts in thousands) Total Level 1 Level 2 Level 3 Real estate related fund investments $ 105,369 $ - $ - $ 105,369 Interest rate swap assets (included in "other assets") 32,681 - 32,681 - Interest rate cap assets (included in "other assets") 6,123 - 6,123 - Total assets $ 144,173 $ - $ 38,804 $ 105,369 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 $ - Real Estate Related Fund Investments As of December 31, 2022, real estate related fund investments were comprised of mezzanine loans made by Fund X. These investments are generally measured at fair value on our consolidated balance sheet and are classified as Level 3. The primary unobservable inputs used in determining the fair value of mezzanine loans are credit spreads paid over the base rate, which ranged between 9.25 % and 10.00 % as of December 31, 2022. A significant increase or decrease in the credit spreads would result in a significantly lower or higher fair value, respectively. The table below summarizes the changes in the fair value of real estate related fund investments that are classified as Level 3, for the period from December 12, 2022 to December 31, 2022. Period from December 12, 2022 to (Amounts in thousands) December 31, 2022 Beginning balance $ - Consolidation of Fund X 104,726 Net unrealized gains 643 Ending balance $ 105,369 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 December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Notes and mortgages payable $ 3,858,000 $ 3,566,096 $ 3,858,000 $ 3,893,252 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,566,096 $ 3,858,000 $ 3,893,252

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	15. Leases The following table sets forth the details of our rental revenue. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Rental revenue: Fixed $ 645,950 $ 635,513 $ 627,352 (1) Variable 56,869 54,905 (2) 51,663 Total rental revenue $ 702,819 $ 690,418 $ 679,015 (1) Includes (i) $ 33,205 of non-cash write-offs, primarily for straight-line rent receivables and (ii) $ 2,051 of reserves for uncollectible accounts receivable. (2) 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-cancelable operating leases in effect as of December 31, 2022, for each of the five succeeding years and thereafter commencing January 1, 2023. (Amounts in thousands) 2023 $ 635,053 2024 645,282 2025 599,915 2026 504,660 2027 440,334 Thereafter 2,259,744 Total $ 5,084,988

Fee and Other Income

Fee and Other Income	12 Months Ended
	Dec. 31, 2022
Revenues [Abstract]
Fee and Other Income	16. Fee and Other Income The following table sets forth the details of our fee and other income. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Fee income: Asset management $ 12,270 $ 13,284 $ 14,266 Property management 7,981 8,589 9,242 Acquisition, disposition, leasing and other 8,170 6,600 4,562 Total fee income 28,421 28,473 28,070 Other income (1) 9,137 7,895 7,152 Total fee and other income $ 37,558 $ 36,368 $ 35,222 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income. The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets. Acquisition, Asset Property Disposition, Leasing (Amounts in thousands) Total Management Management and Other Accounts and other receivables: Balance as of December 31, 2021 $ 3,206 $ 2,072 $ 686 $ 448 Balance as of December 31, 2022 2,611 2,138 338 135 (Decrease) increase $ ( 595 ) $ 66 $ ( 348 ) $ ( 313 )

Interest and Other Income, net

Interest and Other Income, net	12 Months Ended
	Dec. 31, 2022
Interest and Other Income [Abstract]
Interest and Other Income, net	17. Interest and Other Income, net The following table sets forth the details of interest and other income, net. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Interest income, net $ 5,174 $ 1,183 $ 2,054 Mark-to-market of investments in our deferred (1) - 1,834 2,436 Total interest and other income, net $ 5,174 $ 3,017 $ 4,490 (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	12 Months Ended
	Dec. 31, 2022
Interest and Debt Expense [Abstract]
Interest and Debt Expense	18. Interest and Debt Expense The following table sets forth the details of interest and debt expense. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Interest expense $ 137,708 $ 132,887 $ 134,931 Amortization of deferred financing costs 6,156 9,127 (1) 9,277 Total interest and debt expense $ 143,864 $ 142,014 $ 144,208 (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	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Incentive Compensation	19. Incentive Compensation Stock-Based Compensation Our Amended and Restated 2014 Equity Incentive Plan (the “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. Under the Plan, awards may be granted up to a maximum of 20,892,857 shares, if all awards granted are “full value awards,” as defined, and up to 41,785,714 shares, if all of the awards granted are “not full value awards,” as defined. “Full value awards” are awards that do not require the payment of an exercise price such as restricted stock, time-based LTIP units and performance-based LTIP units. “Not full value awards” are awards that require the payment of an exercise price such as AOLTIP units. As of December 31, 2022, we have 6,135,630 shares available for future grants under the Plan, if all awards granted are full value awards, as defined in the Plan. The following table summarizes the components of stock-based compensation expense for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Time-based units: LTIP units $ 8,033 $ 8,554 $ 10,463 AOLTIP units 3,659 1,885 - Performance-based LTIP units 6,106 7,023 7,499 Restricted stock 1,205 1,150 1,217 Stock options - - 60 Total stock-based compensation expense $ 19,003 $ 18,612 $ 19,239 Time-Based Unit Awards Program (LTIP and AOLTIP Units) LTIP Units We grant our executive officers, non-employee directors and employees LTIP units which vest over a period of three to five years and are subject to a taxable book-up event, as defined. LTIP units are similar to common units of our Operating Partnership in that they are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The LTIP units granted in the years ended December 31, 2022, 2021 and 2020 had grant date fair values of $ 6,136,000 , $ 8,665,000 and $ 10,940,000 , respectively, which are being amortized into expense on a straight-line basis over the vesting period. As of December 31, 2022, there was $ 10,525,000 of total unrecognized compensation cost related to unvested LTIP units, which is expected to be recognized over a weighted-average period of 2.3 years. The following table summarizes our LTIP unit activity for the year ended December 31, 2022. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2021 2,040,736 $ 10.40 Granted 732,015 8.38 Vested ( 713,269 ) 10.68 Cancelled or expired ( 61,237 ) 10.54 Unvested as of December 31, 2022 1,998,245 $ 9.56 AOLTIP Units We grant our executive officers AOLTIP units which vest over a period of three to four years . AOLTIP units are similar to stock options in that it permits the holder to realize the benefit of any increase in the per share value of our common stock above the value at the time the AOLTIP units were granted and can be converted into a number of common units of our Operating Partnership that have an aggregate value equal to such increase. The common units issued upon the conversion of AOLTIP units are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The AOLTIP units granted in the years ended December 31, 2022 and 2021, had a grant date fair value of $ 5,831,000 and $ 4,344,000 , respectively, which are being amortized into expense on a straight-line basis over the vesting period. The fair value of the AOLTIP unit is estimated using an option-pricing model with the following weighted average assumptions for grants in the year ended December 31, 2022 and 2021. For the Year Ended December 31, 2022 2021 Expected volatility 34.9 % 34.0 % Expected life 4.8 years 4.8 years Risk free interest rate 1.0 % 0.6 % Expected dividend yield 3.0 % 3.0 % As of December 31, 2022, there was $ 3,775,000 of total unrecognized compensation cost related to unvested AOLTIP units, which is expected to be recognized over a weighted-average period of 2.7 years. The following table summarizes our AOLTIP unit activity for the year ended December 31, 2022. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2021 2,171,875 $ 8.63 Granted 2,703,499 8.93 Exercised ( 95,312 ) 8.63 Cancelled or expired ( 192,188 ) 8.63 Outstanding as of December 31, 2022 4,587,874 $ 8.80 5.6 $ - AOLTIP units vested and expected to vest as of 4,409,076 $ 8.80 5.6 $ - AOLTIP units exercisable as of December 31, 2022 2,033,593 $ 8.63 5.6 $ - Performance-Based Award Programs (“Performance Programs”) We grant our executive officers and employees LTIP units under multi-year performance-based long-term equity compensation programs. The purpose of these Performance Programs is to further align the interests of our stockholders with that of management by encouraging our senior officers to create stockholder value in a “pay for performance” structure. Under the Performance Programs, participants may earn LTIP units based on our performance over a three-year performance measurement period. If the designated performance objectives are achieved, awards earned under the Performance Programs are subject to vesting over a period of four years and are also subject to a taxable book-up event, as defined. The LTIP units granted under the Performance Programs in the years ended December 31, 2022, 2021 and 2020 had grant date fair values of $ 7,188,000 , $ 7,303,000 and $ 7,488,000 , respectively, and are being amortized into expense over the four-year vesting period using a graded vesting attribution method. As of December 31, 2022, there was $ 8,178,000 of total unrecognized compensation cost related to unvested LTIP units granted under the Performance Programs, which is expected to be recognized over a weighted average period of 2.1 years. The following table summarizes our LTIP unit activity granted under the Performance Programs for the year ended December 31, 2022. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2021 4,099,887 $ 5.57 Granted 1,778,524 8.08 Earned and Vested - - Cancelled or expired ( 1,570,609 ) 5.89 Unvested as of December 31, 2022 4,307,802 $ 6.49 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 of our Board of Directors (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 that was amortized into expense over the four-year vesting period through December 31, 2022 using a graded vesting distribution method. 2022 Performance-Based Awards Program (“2022 Performance Program”) On January 13, 2022, 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. Restricted Stock We grant shares of restricted stock to certain non-employee directors and our employees which vest over one to four years . The shares of restricted stock granted in the years ended December 31, 2022, 2021 and 2020 had grant date fair values of $ 1,359,000 , $ 1,584,000 and $ 1,209,000 , respectively, which are being amortized into expense on a straight-line basis over the vesting period. As of December 31, 2022, there was $ 1,936,000 of total unrecognized compensation cost related to restricted stock, which is expected to be recognized over a weighted-average period of 2.3 years. The table below summarizes our restricted stock activity for the year ended December 31, 2022. Shares Weighted-Average Grant-Date Fair Value (per share) Unvested as of December 31, 2021 230,546 $ 10.44 Granted 147,957 9.19 Vested ( 86,354 ) 11.12 Cancelled or expired ( 23,041 ) 9.68 Unvested as of December 31, 2022 269,108 $ 9.59 Stock Options We did no t grant any stock options in the years ended December 31, 2022, 2021 and 2020. Stock options granted in prior years to certain of our executive officers and other employees vested over periods ranging from three to five years and expire 10 years from the date of grant. The following table summarizes our stock option activity for the year ended December 31, 2022. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2021 2,010,993 $ 17.06 Granted - - Exercised - - Cancelled or expired ( 18,000 ) 17.50 Outstanding as of December 31, 2022 1,992,993 $ 17.06 2.7 $ - Options vested and expected to vest as of December 31, 2022 1,992,993 $ 17.06 2.7 $ - Options exercisable as of December 31, 2022 1,992,993 $ 17.06 2.7 $ -

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	20. Earnings Per Share The following table summarizes our net loss and the number of common shares used in the computation of basic and diluted loss 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 Year Ended December 31, (Amounts in thousands, except per share amounts) 2022 2021 2020 Numerator: Continuing Operations: Net loss from continuing operations $ ( 36,403 ) $ ( 20,354 ) $ ( 20,063 ) Earnings allocated to unvested participating securities ( 85 ) ( 70 ) ( 44 ) Numerator for net loss from continuing operations ( 36,488 ) ( 20,424 ) ( 20,107 ) Discontinued Operations: Net loss from discontinued operations attributable - - ( 4,641 ) Earnings allocated to unvested participating securities - - ( 22 ) Numerator for net loss from discontinued - - ( 4,663 ) Numerator for net loss per common share - basic and diluted $ ( 36,488 ) $ ( 20,424 ) $ ( 24,770 ) Denominator: Denominator for basic loss per common share - 221,310 218,701 222,436 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - 221,310 218,701 222,436 Loss per Common Share - Basic and Diluted: Continuing operations, net $ ( 0.16 ) $ ( 0.09 ) $ ( 0.09 ) Discontinued operations, net - - ( 0.02 ) Net loss per common share - basic and diluted $ ( 0.16 ) $ ( 0.09 ) $ ( 0.11 ) (1) The effect of dilutive securities for the years ended December 31, 2022, 2021 and 2020 excludes 20,064 , 23,775 and 23,540 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Parties	21. 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 $ 1,322,000 , $ 1,726,000 and $ 1,227,000 for the years ended December 31, 2022, 2021 and 2020, 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 December 31, 2022 and December 31, 2021, amounts owed to us under these agreements aggregated $ 52,000 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 related funds. We recognized fee income of $ 24,315,000 , $ 23,240,000 and $ 22,986,000 , for the years ended December 31, 2022, 2021 and 2020, respectively, in connection with these agreements. As of December 31, 2022 and 2021, amounts owed to us under these agreements aggregated $ 3,032,000 and $ 2,883,000 , respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets. HT Consulting GmbH We have an agreement with HT Consulting GmbH ("HTC"), formerly known as Hamburg Trust Consulting HTC GmbH, a licensed broker in Germany, to supervise selling efforts for our joint ventures and real estate related 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 expenses of $ 713,000 , $ 645,000 and $ 512,000 for the years ended December 31, 2022, 2021 and 2020, respectively, in connection with this agreement. As of December 31, 2022 and 2021, we owed $ 119,000 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. ParkProperty Capital, LP ParkProperty Capital, LP (“ParkProperty”), an entity partially owned by Katharina Otto-Bernstein (a member of our Board of Directors), leased 3,330 square feet at 1633 Broadway ("1633 Lease"). In December 2022, upon expiration of the 1633 Lease, ParkProperty entered into a five-year lease for 4,233 square feet at 1325 Avenue of the Americas. We recognized rental revenue of $ 220,000 , $ 212,000 and $ 210,000 in the years ended December 31, 2022, 2021 and 2020, respectively pursuant to these leases. Mannheim Trust A subsidiary of Mannheim Trust leases 5,593 square feet at 712 Fifth Avenue, our 50.0 % owned unconsolidated joint venture, pursuant to a lease agreement which expires in April 2023. In December 2022, the subsidiary entered into a new lease for 3,127 square feet at 712 Fifth Avenue. The new lease will become effective in May 2023, upon expiration of the existing lease and will expire in June 2025. Dr. Martin Bussmann (a member of our Board of Directors) was also a trustee and a director of Mannheim Trust through December 2022. We recognized $ 364,000 for the year ended December 31, 2022, and $ 362,000 in each of the years ended December 31, 2021 and 2020, for our share of rental income pursuant to this lease. Due from Affiliates During the year ended December 31, 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	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	22. 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 December 31, 2022, we believe we are in compliance with all of our covenants. 718 Fifth Avenue - Put Right Prior to the Formation Transactions, an affiliate of our predecessor owned a 25.0 % interest in 718 Fifth Avenue, a five-story building containing 19,050 square feet of prime retail space that is located on the southwest corner of 56th Street and Fifth Avenue in New York (based on its 50.0 % interest in a joint venture that held a 50.0 % tenancy-in-common interest in the property). Prior to the completion of the Formation Transactions, this interest was sold to its partner in the 718 Fifth Avenue joint venture, who is also our joint venture partner in 712 Fifth Avenue, New York, New York. In connection with this sale, we granted our joint venture partner a put right, pursuant to which the 712 Fifth Avenue joint venture would be required to purchase the entire direct or indirect interests then held by our joint venture partner or its affiliates in 718 Fifth Avenue at a purchase price equal to the fair market value of such interests. The put right may be exercised at any time with the actual purchase occurring no earlier than 12 months after written notice is provided. If the put right is exercised and the 712 Fifth Avenue joint venture acquires the 50.0% tenancy-in-common interest in the property by our joint venture partner, we will own a 25.0 % interest in 718 Fifth Avenue based on current ownership interests. 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 $ 57,000,000 . 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	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segments	23. Segments Our reportable segments are separated by region, based on 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 Year Ended December 31, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 711,956 $ 468,409 $ 245,560 $ ( 2,013 ) Property-related operating expenses ( 277,422 ) ( 199,085 ) ( 74,396 ) ( 3,941 ) NOI from unconsolidated joint ventures 45,141 13,257 31,596 288 NOI (1) $ 479,675 $ 282,581 $ 202,760 $ ( 5,666 ) For the Year Ended December 31, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 698,313 $ 443,384 $ 258,188 $ ( 3,259 ) Property-related operating expenses ( 265,438 ) ( 191,793 ) ( 69,976 ) ( 3,669 ) NOI from unconsolidated joint ventures 43,597 11,303 32,221 73 NOI (1) $ 476,472 $ 262,894 $ 220,433 $ ( 6,855 ) For the Year Ended December 31, 2020 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 700,410 $ 454,071 $ 234,893 $ 11,446 Property-related operating expenses ( 273,440 ) ( 194,648 ) ( 68,924 ) ( 9,868 ) NOI from unconsolidated joint ventures 48,631 11,540 38,892 ( 1,801 ) NOI (1) $ 475,601 $ 270,963 $ 204,861 $ ( 223 ) (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. (2) NOI for the year ended December 31, 2020 includes NOI from discontinued operations. See Note 3, Discontinued Operations. The following table provides a reconciliation of NOI to net loss attributable to common stockholders for the periods set forth below. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 NOI $ 479,675 $ 476,472 $ 475,601 Add (subtract) adjustments to arrive to net (loss) income: Fee income 28,421 28,473 28,070 Depreciation and amortization expense ( 232,517 ) ( 232,487 ) ( 235,200 ) General and administrative expenses ( 59,487 ) ( 59,132 ) ( 64,917 ) Loss from real estate related fund investments ( 2,233 ) - - NOI from unconsolidated joint ventures (excluding One Steuart Lane) ( 45,141 ) ( 43,597 ) ( 48,631 ) Loss from unconsolidated joint ventures ( 53,251 ) ( 24,896 ) ( 18,619 ) Interest and other income, net 5,174 3,017 4,490 Interest and debt expense ( 143,864 ) ( 142,014 ) ( 144,208 ) Adjustments related to discontinued operations (including loss on sale of real estate) - - ( 8,390 ) Other, net ( 1,709 ) ( 134 ) ( 824 ) (Loss) income from continuing operations, before income taxes ( 24,932 ) 5,702 ( 12,628 ) Income tax expense ( 3,265 ) ( 3,643 ) ( 1,493 ) (Loss) income from continuing operations, net ( 28,197 ) 2,059 ( 14,121 ) Loss from discontinued operations, net - - ( 5,075 ) Net (loss) income ( 28,197 ) 2,059 ( 19,196 ) Less: net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 13,981 ) ( 21,538 ) ( 9,257 ) Consolidated real estate related funds 3,342 ( 2,893 ) 1,450 Operating Partnership 2,433 2,018 2,299 Net loss attributable to common stockholders $ ( 36,403 ) $ ( 20,354 ) $ ( 24,704 ) 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 December 31, 2022 $ 8,453,254 $ 5,311,636 $ 2,631,265 $ 510,353 December 31, 2021 8,494,562 5,336,210 2,696,131 462,221 December 31, 2020 8,554,097 5,388,596 2,698,983 466,518

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I (Amounts in thousands) Life on which Costs capitalized depreciation subsequent Gross amount at which Accumulated in latest Initial cost to company to acquisition carried at close of period depreciation income Description Encumbrances Land Building and Land Building and Land Building and Total (1) and Date of Date statement 1633 Broadway $ 1,250,000 $ 502,846 $ 1,398,341 $ - $ 167,371 $ 502,846 $ 1,565,712 $ 2,068,558 $ ( 350,871 ) 1971 11/2014 5 to 40 Years 1301 Avenue of the Americas 860,000 406,039 1,051,697 - 154,336 406,039 1,206,033 1,612,072 ( 258,950 ) 1963 11/2014 5 to 40 Years 31 West 52nd Street 500,000 221,318 604,994 - 84,367 221,318 689,361 910,679 ( 143,565 ) 1987 11/2014 5 to 40 Years 1325 Avenue of the Americas - 174,688 370,553 - 69,350 174,688 439,903 614,591 ( 96,460 ) 1989 11/2014 5 to 40 Years 900 Third Avenue - 103,741 296,031 - 29,567 103,741 325,598 429,339 ( 70,885 ) 1983 11/2014 5 to 40 Years Total New York 2,610,000 1,408,632 3,721,616 - 504,991 1,408,632 4,226,607 5,635,239 ( 920,731 ) One Market Plaza 975,000 288,743 988,014 - 124,972 288,743 1,112,986 1,401,729 ( 237,041 ) 1976 11/2014 5 to 40 Years 300 Mission Street 273,000 141,097 343,819 - 53,647 141,097 397,466 538,563 ( 61,180 ) 1968 07/2017 5 to 40 Years One Front Street - 127,765 376,919 - 25,671 127,765 402,590 530,355 ( 70,508 ) 1979 12/2016 5 to 40 Years Total San Francisco 1,248,000 557,605 1,708,752 - 204,290 557,605 1,913,042 2,470,647 ( 368,729 ) Other - - - - 37,891 - 37,891 37,891 ( 8,093 ) 11/2014 5 to 40 Years Total $ 3,858,000 $ 1,966,237 $ 5,430,368 $ - $ 747,172 $ 1,966,237 $ 6,177,540 $ 8,143,777 $ ( 1,297,553 ) (1) The basis of the Company’s assets for tax purposes is approximately $ 2.4 billion lower than the amount reported for financial statement purposes. PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Real Estate: Beginning balance $ 8,028,061 $ 7,963,315 $ 7,889,885 Acquisitions - - - Additions during the year: Land - - - Buildings and improvements 127,102 111,340 82,571 Assets sold and written-off ( 11,386 ) ( 46,594 ) ( 9,141 ) Ending balance $ 8,143,777 $ 8,028,061 $ 7,963,315 Accumulated Depreciation: Beginning balance $ 1,112,977 $ 966,697 $ 790,216 Additions charged to expense 195,962 192,874 185,622 Accumulated depreciation related ( 11,386 ) ( 46,594 ) ( 9,141 ) Ending balance $ 1,297,553 $ 1,112,977 $ 966,697

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation.
Real Estate	Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years . Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale.
Variable Interest Entities and Investments in Unconsolidated Joint Ventures and Funds	Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and right to receive the returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We account for cash distributions in excess of our basis in the equity method investments as income when we have neither the requirement, nor the intent to provide financial support to the joint venture. Investments accounted for under the equity method are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. During the year ended December 31, 2022, we recognized $ 31,685,000 for our share of a real estate impairment loss of an unconsolidated joint venture (see Note 6, Investments in Unconsolidated Joint Ventures). Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash.
Restricted Cash	Restricted Cash Restricted cash consists primarily of security deposits held on behalf of our tenants, cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements.
Deferred Charges	Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” on our consolidated statements of income.
Deferred Financing Costs Related to Notes and Mortgages Payable	Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consists of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” on our consolidated statements of income.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging . The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have designated a derivative as a hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. We use derivative financial instruments in the normal course of business to selectively manage or hedge a portion of the risk associated with our indebtedness and interest payments. Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish these objectives, we primarily use interest rate swaps and interest rate caps. Interest rate swaps and interest rate caps that are designated as hedges are so designated at the inception of the contract. We require that hedging derivative instruments be highly effective in reducing the risk exposure that they are designated to hedge. The changes in the fair value of interest rate swaps and interest rate caps that are designated as hedges are recognized in “other comprehensive income (loss)” (outside of earnings) and subsequently reclassified to earnings over the term that the hedged transaction affects earnings.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets or settlement of these liabilities. We use the following methods and assumptions in estimating fair value for financial instruments that are presented at fair value on our consolidated balance sheets: Interest Rate Swaps and Interest Rate Caps Interest rate swaps and interest rate caps are valued by a third-party specialist using widely accepted valuation techniques. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed and variable cash payments or receipts. The variable cash payments or receipts are based on future interest rates derived from observable market interest rate curves. The fair values of interest rate caps are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the interest rate caps. The variable interest rates used in the calculation of expected cash receipts are based on future interest rates derived from observable market interest rate curves and volatilities. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs. We have determined that the significance of the impact of the credit valuation adjustments made to our derivative contracts was not significant to the overall valuation. As a result, all of our derivatives held as December 31, 2022, are classified as Level 2 in the fair value hierarchy. Real Estate Related Fund Investments Our real estate related fund investments include mezzanine loan investments made by Paramount Group Real Estate Fund X, LP ("Fund X"). Fund X qualifies as an investment company pursuant to ASC Topic 946, Financial Services - Investment Companies. Accordingly, the underlying investments are generally carried at fair value, except investments that have a fair value above par value and where the borrower has the option to prepay the loan are carried at par value. The fair values of the investments are determined by a third-party specialist using the market standard yield methodology of discounting remaining contractual debt service payments at a market interest rate. These investments are classified as Level 3 in the fair value hierarchy. We use the following methods and assumptions in estimating fair value for financial instruments that are not presented at fair value on our consolidated balance sheets, but are disclosed in the notes to our consolidated financial statements: Notes and Mortgages Payable Notes and mortgages payable are valued by a third-party specialist using the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash payments we would be required to make under the instrument. The notes and mortgages payable are classified as Level 2 in the fair value hierarchy. The carrying values of all other financial instruments on our consolidated balance sheets, including cash and cash equivalents, restricted cash, accounts and other receivables and accounts payable and accrued expenses, approximate their fair values due to the short-term nature of these instruments.
Revenue Recognition	Revenue Recognition Rental Revenue 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. We evaluate the collectability of our tenant receivables for payments required under the lease agreements. If we determine that collectability is not probable, the difference between rental revenue recognized and rental payments received is recorded as an adjustment to “rental revenue” in our consolidated statements of income. Fee and Other Income Fee income includes (i) asset management fees, (ii) property management fees, (iii) fees relating to acquisitions, dispositions and leasing services and (iv) other fee income, and is recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers . Fee income is generated from the various services we provide to our customers and is disaggregated based on the types of services we provide pursuant to ASC Topic 606. Fee income is recognized as and when we satisfy our performance obligations pursuant to contractual agreements. Property management and asset management services are provided continuously over time and revenue is recognized over that time. Fee income relating to acquisitions, dispositions and leasing services is recognized upon completion of the acquisition, disposition or leasing services as required in the contractual agreements. The amount of fee income to be recognized is stated in the contract as a fixed price or as a stated percentage of revenues, contributed capital or transaction price. Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income.
Gains and Losses on Sale of Real Estate	Gains and Losses on Sale of Real Estate Gains and losses on the sale of real estate are recognized pursuant to ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets, when (i) we do not have a controlling financial interest in the buyer and (ii) the buyer has obtained control of the real estate asset. Any gain or loss on sale is measured based on the difference between the amount of consideration received and the carrying amount of the real estate assets, less costs to sell. For partial sale of real estate resulting in transfer of control, we measure any noncontrolling interest retained at fair value and recognize a gain or loss on the difference between fair value and the carrying amount of the real estate assets retained.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation . The fair value of the award on the date of grant (adjusted for estimated forfeitures) is ratably amortized into expense over the vesting period of the respective grants. The determination of fair value of these awards involves the use of significant estimates and assumptions, including expected volatility of our stock, expected dividend yield, expected term, and assumptions of whether these awards achieve the requisite performance criteria.
Income Taxes	Income Taxes We operate and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute currently to our stockholders. In order to maintain our qualification as a REIT, we are required under the Internal Revenue Code of 1986, as amended, to distribute at least 90 % of our taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If, with respect to any taxable year, we fail to maintain our qualification as a REIT, and we are not entitled to relief under the relevant statutory provisions, we would be subject to income tax at regular corporate tax rates. Even if we qualify as a REIT, we may also be subject to certain state, local and franchise taxes. Under certain circumstances, U.S. federal income tax may be due on our undistributed taxable income. We treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries (“TRSs”). TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Our TRSs had a combined current income tax expense of approximately $ 1,942,000 , $ 2,024,000 , and $ 698,000 for the years ended December 31, 2022, 2021 and 2020, respectively. In addition, our TRSs had combined deferred income tax expense of $ 101,000 , $ 703,000 and $ 32,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Net loss attributable to Paramount Group, Inc. $ ( 36,403 ) $ ( 20,354 ) $ ( 24,704 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 5,780 ) 3,082 ( 10,462 ) Depreciation and amortization 54,892 62,218 62,002 Stock-based compensation 17,607 16,933 17,766 Deferred compensation plan - ( 28,793 ) (1) - Our share of a real estate impairment loss of an 31,685 - - Sale of real estate - - 55,640 Other, net 20,352 27,476 ( 11,095 ) Estimated taxable income $ 82,353 $ 60,562 $ 89,147 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, 2022 2021 2020 Amount % Amount % Amount % Ordinary income $ 0.373 (1) 100.0 % $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % Long-term capital gain - 0.0 % 0.023 8.2 % 0.190 47.5 % Return of capital - 0.0 % 0.004 1.4 % 0.000 0.0 % Total $ 0.373 (2) 100.0 % $ 0.280 (3) 100.0 % $ 0.400 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that was paid in January 2023, was a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023. (3) Dividends declared in each of the fourth quarters of the years ended December 31, 2021 and 2020 of $ 0.07 per share, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes.
Segments	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. See Note 23, Segments.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make 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.
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 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. ASU 2020-04 was effective beginning March 12, 2020 to December 31, 2022. 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 2021-01 was effective beginning January 7, 2021 to December 31, 2022. In December 2022, the FASB issued ASU 2022-06 to extend the effectiveness date of ASU 2020-04 and ASU 2021-01 from December 31, 2022 to December 31, 2024. 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.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of Reconciliation Net Loss Attributable to Estimated Taxable Income	The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Net loss attributable to Paramount Group, Inc. $ ( 36,403 ) $ ( 20,354 ) $ ( 24,704 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 5,780 ) 3,082 ( 10,462 ) Depreciation and amortization 54,892 62,218 62,002 Stock-based compensation 17,607 16,933 17,766 Deferred compensation plan - ( 28,793 ) (1) - Our share of a real estate impairment loss of an 31,685 - - Sale of real estate - - 55,640 Other, net 20,352 27,476 ( 11,095 ) Estimated taxable income $ 82,353 $ 60,562 $ 89,147 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.
Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes	The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, 2022 2021 2020 Amount % Amount % Amount % Ordinary income $ 0.373 (1) 100.0 % $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % Long-term capital gain - 0.0 % 0.023 8.2 % 0.190 47.5 % Return of capital - 0.0 % 0.004 1.4 % 0.000 0.0 % Total $ 0.373 (2) 100.0 % $ 0.280 (3) 100.0 % $ 0.400 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that was paid in January 2023, was a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023. (3) Dividends declared in each of the fourth quarters of the years ended December 31, 2021 and 2020 of $ 0.07 per share, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Operations and Cash Flow from Discontinued Operations	The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below. (Amounts in thousands) For the Year Ended Income Statements: (1) December 31, 2020 Revenues: Rental revenue $ 13,967 Other income 276 Total revenues 14,243 Expenses: Operating 5,853 Depreciation and amortization 690 Total expenses 6,543 Income before gain or loss on sale of real estate 7,700 Loss on sale of real estate ( 12,766 ) Loss before income taxes ( 5,066 ) Income tax expense ( 9 ) Loss from discontinued operations, net $ ( 5,075 ) For the Year Ended Statements of Cash Flows: (1) December 31, 2020 Cash provided by operating activities $ 5,522 Cash provided by investing activities (2) $ 89,206 Cash used in financing activities $ ( 96,896 ) Additional Cash Flow Information: Depreciation and amortization $ 690 (1) Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue. (2) Represents net proceeds from the sale of 1899 Pennsylvania Avenue.

Real Estate Related Fund Inve_2

Real Estate Related Fund Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate Fund [Abstract]
Summary of Assets and Liabilities of Fund X	The following table set forth a summary of the assets and liabilities of Fund X as of December 12, 2022. (Amounts in thousands) As of December 12, 2022 Real estate related fund investments $ 104,726 Cash and other assets and liabilities, net 512 Total real estate related fund investments 105,238 Less: noncontrolling interests in consolidated real estate related fund ( 91,535 ) Paramount Group, Inc.'s equity in real estate related fund investments $ 13,703
Summary of Loss from Real Estate Related Fund Investments	The following table sets forth the details of loss from real estate related fund investments for the period from December 12, 2022 to December 31, 2022. Period from December 12, 2022 to (Amounts in thousands) December 31, 2022 Net investment income $ 394 Loss recognized upon consolidation of real estate related ( 2,627 ) Loss from real estate related fund investments ( 2,233 ) Less: noncontrolling interests in consolidated real estate related fund ( 420 ) Loss from real estate related fund investments attributable $ ( 2,653 )

Investments in Unconsolidated_2

Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 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 December 31, Our Share of Investments: Ownership 2022 2021 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center 67.0 % 192,948 185,344 55 Second Street (2) 44.1 % 85,340 88,284 111 Sutter Street 49.0 % - (3) 35,182 1600 Broadway (2)(4) 9.2 % 9,113 - 60 Wall Street (2) 5.0 % 25,034 19,230 One Steuart Lane (2) 35.0 % (5) 77,961 76,428 Oder-Center, Germany (2) 9.5 % 3,107 3,628 Investments in unconsolidated joint ventures $ 393,503 $ 408,096 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2022 2021 2020 712 Fifth Avenue (1) $ - $ ( 10,265 ) $ 687 Market Center ( 10,405 ) ( 11,848 ) ( 11,315 ) 55 Second Street (2) ( 2,943 ) ( 2,912 ) ( 2,723 ) 111 Sutter Street ( 35,190 ) (3) ( 2,658 ) ( 3,172 ) 1600 Broadway (2)(4) ( 9 ) - - 60 Wall Street (2) ( 89 ) 66 ( 70 ) One Steuart Lane (2) ( 4,696 ) 2,678 ( 2,043 ) Oder-Center, Germany (2) 81 43 17 Loss from unconsolidated joint ventures $ ( 53,251 ) $ ( 24,896 ) $ ( 18,619 ) (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. During the year ended December 31, 2022, the joint venture had net income of $ 1,804 of which our 50.0% share was $ 902 . Accordingly, our basis in the joint venture, taking into account our share of income, was negative $ 13,427 as of December 31, 2022. (2) As of December 31, 2022, the carrying amount of our investments in 55 Second Street, 1600 Broadway, 60 Wall Street, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $ 466 , $ 323 , $ 2,574 , $ 645 , $ 3,847 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) In the fourth quarter of 2022, the joint venture that owns 111 Sutter Street recognized a $ 64,663 real estate impairment loss, of which our 49.0% share was $ 31,685 . This impairment loss, together with our share of operating losses recognized during the fourth quarter, caused our basis in the joint venture to become negative $ 107 as of December 31, 2022. Since we have no further obligation to fund additional capital to the joint venture, we are no longer required to recognize our proportionate share of earnings from the joint venture until such time that our basis in the joint venture becomes positive. In the meantime, we will 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. (4) Acquired on February 24, 2022. (5) 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 December 31, Balance Sheets: 2022 2021 Real estate, net $ 2,377,084 $ 2,246,152 Cash and cash equivalents and restricted cash 252,540 216,910 Intangible assets, net 69,599 58,590 For-sale residential condominium units (1) 322,232 359,638 Other assets 87,054 46,646 Total assets $ 3,108,509 $ 2,927,936 Notes and mortgages payable, net $ 1,834,916 $ 1,791,404 Intangible liabilities, net 10,972 18,397 Other liabilities 50,783 61,097 Total liabilities 1,896,671 1,870,898 Equity 1,211,838 1,057,038 Total liabilities and equity $ 3,108,509 $ 2,927,936 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2022 2021 2020 Revenues: Rental revenue $ 194,031 $ 229,420 $ 243,713 Other income 65,850 (2) 139,705 (2) 2,828 Total revenues 259,881 369,125 246,541 Expenses: Operating 152,313 (2) 220,396 (2) 109,114 Depreciation and amortization 85,949 107,079 117,640 Total expenses 238,262 327,475 226,754 Other income (expense): Interest and other (loss) income, net 991 ( 111 ) ( 36 ) Interest and debt expense ( 62,173 ) ( 63,493 ) ( 58,239 ) Real estate impairment loss ( 64,663 ) (3) - - Loss before income taxes ( 104,226 ) ( 21,954 ) ( 38,488 ) Income tax expense ( 60 ) ( 32 ) ( 47 ) Net loss $ ( 104,286 ) $ ( 21,986 ) $ ( 38,535 ) (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. (3) Represents a real estate impairment loss on 111 Sutter Street, of which our share is $ 31,685 .

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 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 December 31, (Amounts in thousands) 2022 2021 Intangible assets: Gross amount $ 337,104 $ 371,555 Accumulated amortization ( 246,723 ) ( 252,142 ) $ 90,381 $ 119,413 Intangible liabilities: Gross amount $ 138,726 $ 151,118 Accumulated amortization ( 102,533 ) ( 105,790 ) $ 36,193 $ 45,328 For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Amortization of above and below-market leases, net $ 1,748 $ 3,070 $ 4,775 Amortization of acquired in-place leases $ 21,645 $ 26,507 $ 36,628
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 annual 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 Below- In-Place Leases 2023 $ 5,002 $ 17,705 2024 5,942 14,248 2025 4,596 10,451 2026 2,723 7,896 2027 2,410 7,252

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our consolidated outstanding debt. Maturity Fixed/ Interest Rate As of December 31, (Amounts in thousands) Date Variable Rate December 31, 2022 2022 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 (2) Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (3) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (4) 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 (2) 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 ( 17,682 ) ( 22,380 ) Total notes and mortgages payable, net $ 3,840,318 $ 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) We are currently exploring various alternatives to refinance these loans and believe it is probable that we will be successful in refinancing them prior to their maturity. (3) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 9, Derivative Instruments and Hedging Activities. (4) Represents variable rate loans, where LIBOR has been capped at 2.00 % through August 2023. See Note 9, Derivative Instruments and Hedging Activities.
Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility	The following table summarizes the principal repayments required for the next five years and thereafter in connection with our consolidated notes and mortgages payable and revolving credit facility as of December 31, 2022. Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2023 $ 273,000 $ 273,000 $ - 2024 975,000 975,000 - 2025 - - - 2026 1,360,000 1,360,000 - 2027 - - - Thereafter 1,250,000 1,250,000 -

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Interest Rate Swap [Member]
Derivative [Line Items]
Schedule of Interest Rate Swaps and Interest Rate Caps	The table 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 December 31, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 LIBOR 0.46 % $ 32,681 $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 32,681 $ 6,691
Interest Rate Cap [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 December 31, 2022 December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 360,000 Jul-2021 Aug-2023 LIBOR 2.00 % $ 6,123 $ 306 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 6,123 $ 306

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Amount of income related to the cash flow hedges (1) $ 39,865 $ 6,069 $ - Amount reclassified from accumulated other comprehensive (1) ( 8,026 ) 788 - Amount of income (loss) related to unconsolidated joint ventures (2) 18,859 5,562 ( 16,141 ) Amounts reclassified from accumulated other comprehensive (2) ( 374 ) 4,003 2,247 (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 interest rate swap with a notional value of $ 402,000 , which was designated as cash flow hedge.

Variable Interest Entities ("_2

Variable Interest Entities ("VIEs") (Tables)	12 Months Ended
	Dec. 31, 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 December 31, (Amounts in thousands) 2022 2021 Real estate, net $ 3,364,482 $ 3,415,735 Cash and cash equivalents and restricted cash 144,446 198,154 Real estate related fund investments 105,369 - Investments in unconsolidated joint ventures 77,961 76,428 Accounts and other receivables 13,647 6,801 Deferred rent receivable 197,658 197,794 Deferred charges, net 49,485 53,013 Intangible assets, net 50,553 62,380 Other assets 9,860 15,551 Total VIE assets $ 4,013,461 $ 4,025,856 Notes and mortgages payable, net 2,489,902 2,487,871 Accounts payable and accrued expenses 61,492 54,738 Intangible liabilities, net 21,936 27,674 Other liabilities 6,051 6,427 Total VIE liabilities $ 2,579,381 $ 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 related funds and the maximum risk of loss from these investments. As of December 31, (Amounts in thousands) 2022 2021 Investments $ 3,411 $ 11,421 Asset management fees and other receivables 21 9 Maximum risk of loss $ 3,432 $ 11,430

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022 (Amounts in thousands) Total Level 1 Level 2 Level 3 Real estate related fund investments $ 105,369 $ - $ - $ 105,369 Interest rate swap assets (included in "other assets") 32,681 - 32,681 - Interest rate cap assets (included in "other assets") 6,123 - 6,123 - Total assets $ 144,173 $ - $ 38,804 $ 105,369 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 Changes in Fair Value of Real Estate Related Fund Investments in Level 3	The table below summarizes the changes in the fair value of real estate related fund investments that are classified as Level 3, for the period from December 12, 2022 to December 31, 2022. Period from December 12, 2022 to (Amounts in thousands) December 31, 2022 Beginning balance $ - Consolidation of Fund X 104,726 Net unrealized gains 643 Ending balance $ 105,369
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 December 31, 2022 As of December 31, 2021 Carrying Fair Carrying Fair Notes and mortgages payable $ 3,858,000 $ 3,566,096 $ 3,858,000 $ 3,893,252 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,566,096 $ 3,858,000 $ 3,893,252

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Rental Revenues	The following table sets forth the details of our rental revenue. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Rental revenue: Fixed $ 645,950 $ 635,513 $ 627,352 (1) Variable 56,869 54,905 (2) 51,663 Total rental revenue $ 702,819 $ 690,418 $ 679,015 (1) Includes (i) $ 33,205 of non-cash write-offs, primarily for straight-line rent receivables and (ii) $ 2,051 of reserves for uncollectible accounts receivable. (2) 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-Cancelable Operating Leases	The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2022, for each of the five succeeding years and thereafter commencing January 1, 2023. (Amounts in thousands) 2023 $ 635,053 2024 645,282 2025 599,915 2026 504,660 2027 440,334 Thereafter 2,259,744 Total $ 5,084,988

Fee and Other Income (Tables)

Fee and Other Income (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Fee income: Asset management $ 12,270 $ 13,284 $ 14,266 Property management 7,981 8,589 9,242 Acquisition, disposition, leasing and other 8,170 6,600 4,562 Total fee income 28,421 28,473 28,070 Other income (1) 9,137 7,895 7,152 Total fee and other income $ 37,558 $ 36,368 $ 35,222 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.
Summary of Amount Receivable from Customers under Various Fee Agreement	The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets. Acquisition, Asset Property Disposition, Leasing (Amounts in thousands) Total Management Management and Other Accounts and other receivables: Balance as of December 31, 2021 $ 3,206 $ 2,072 $ 686 $ 448 Balance as of December 31, 2022 2,611 2,138 338 135 (Decrease) increase $ ( 595 ) $ 66 $ ( 348 ) $ ( 313 )

Interest and Other Income, net

Interest and Other Income, net (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Interest income, net $ 5,174 $ 1,183 $ 2,054 Mark-to-market of investments in our deferred (1) - 1,834 2,436 Total interest and other income, net $ 5,174 $ 3,017 $ 4,490 (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)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Interest expense $ 137,708 $ 132,887 $ 134,931 Amortization of deferred financing costs 6,156 9,127 (1) 9,277 Total interest and debt expense $ 143,864 $ 142,014 $ 144,208 (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 (Tables)

Incentive Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of Components of Stock-Based Compensation Expense	The following table summarizes the components of stock-based compensation expense for the years ended December 31, 2022, 2021 and 2020. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 Time-based units: LTIP units $ 8,033 $ 8,554 $ 10,463 AOLTIP units 3,659 1,885 - Performance-based LTIP units 6,106 7,023 7,499 Restricted stock 1,205 1,150 1,217 Stock options - - 60 Total stock-based compensation expense $ 19,003 $ 18,612 $ 19,239
Summary of Fair Value of AOLTIP Unit Estimated Using Option-Pricing Model	The fair value of the AOLTIP unit is estimated using an option-pricing model with the following weighted average assumptions for grants in the year ended December 31, 2022 and 2021. For the Year Ended December 31, 2022 2021 Expected volatility 34.9 % 34.0 % Expected life 4.8 years 4.8 years Risk free interest rate 1.0 % 0.6 % Expected dividend yield 3.0 % 3.0 %
Performance Programs [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our LTIP unit activity granted under the Performance Programs for the year ended December 31, 2022. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2021 4,099,887 $ 5.57 Granted 1,778,524 8.08 Earned and Vested - - Cancelled or expired ( 1,570,609 ) 5.89 Unvested as of December 31, 2022 4,307,802 $ 6.49
Restricted Stock [Member]
Summary of LTIP Unit and Restricted Stock Activity	The table below summarizes our restricted stock activity for the year ended December 31, 2022. Shares Weighted-Average Grant-Date Fair Value (per share) Unvested as of December 31, 2021 230,546 $ 10.44 Granted 147,957 9.19 Vested ( 86,354 ) 11.12 Cancelled or expired ( 23,041 ) 9.68 Unvested as of December 31, 2022 269,108 $ 9.59
Employee Stock Option [Member]
Summary of Stock Option Activity	The following table summarizes our stock option activity for the year ended December 31, 2022. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2021 2,010,993 $ 17.06 Granted - - Exercised - - Cancelled or expired ( 18,000 ) 17.50 Outstanding as of December 31, 2022 1,992,993 $ 17.06 2.7 $ - Options vested and expected to vest as of December 31, 2022 1,992,993 $ 17.06 2.7 $ - Options exercisable as of December 31, 2022 1,992,993 $ 17.06 2.7 $ -
Long Term Incentive Plan [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our LTIP unit activity for the year ended December 31, 2022. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2021 2,040,736 $ 10.40 Granted 732,015 8.38 Vested ( 713,269 ) 10.68 Cancelled or expired ( 61,237 ) 10.54 Unvested as of December 31, 2022 1,998,245 $ 9.56
Appreciation Only Long Term Incentive Plan
Summary of Stock Option Activity	The following table summarizes our AOLTIP unit activity for the year ended December 31, 2022. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2021 2,171,875 $ 8.63 Granted 2,703,499 8.93 Exercised ( 95,312 ) 8.63 Cancelled or expired ( 192,188 ) 8.63 Outstanding as of December 31, 2022 4,587,874 $ 8.80 5.6 $ - AOLTIP units vested and expected to vest as of 4,409,076 $ 8.80 5.6 $ - AOLTIP units exercisable as of December 31, 2022 2,033,593 $ 8.63 5.6 $ -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Summary of Computation of Earnings Per Share	The following table summarizes our net loss and the number of common shares used in the computation of basic and diluted loss 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 Year Ended December 31, (Amounts in thousands, except per share amounts) 2022 2021 2020 Numerator: Continuing Operations: Net loss from continuing operations $ ( 36,403 ) $ ( 20,354 ) $ ( 20,063 ) Earnings allocated to unvested participating securities ( 85 ) ( 70 ) ( 44 ) Numerator for net loss from continuing operations ( 36,488 ) ( 20,424 ) ( 20,107 ) Discontinued Operations: Net loss from discontinued operations attributable - - ( 4,641 ) Earnings allocated to unvested participating securities - - ( 22 ) Numerator for net loss from discontinued - - ( 4,663 ) Numerator for net loss per common share - basic and diluted $ ( 36,488 ) $ ( 20,424 ) $ ( 24,770 ) Denominator: Denominator for basic loss per common share - 221,310 218,701 222,436 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - 221,310 218,701 222,436 Loss per Common Share - Basic and Diluted: Continuing operations, net $ ( 0.16 ) $ ( 0.09 ) $ ( 0.09 ) Discontinued operations, net - - ( 0.02 ) Net loss per common share - basic and diluted $ ( 0.16 ) $ ( 0.09 ) $ ( 0.11 ) (1) The effect of dilutive securities for the years ended December 31, 2022, 2021 and 2020 excludes 20,064 , 23,775 and 23,540 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 711,956 $ 468,409 $ 245,560 $ ( 2,013 ) Property-related operating expenses ( 277,422 ) ( 199,085 ) ( 74,396 ) ( 3,941 ) NOI from unconsolidated joint ventures 45,141 13,257 31,596 288 NOI (1) $ 479,675 $ 282,581 $ 202,760 $ ( 5,666 ) For the Year Ended December 31, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 698,313 $ 443,384 $ 258,188 $ ( 3,259 ) Property-related operating expenses ( 265,438 ) ( 191,793 ) ( 69,976 ) ( 3,669 ) NOI from unconsolidated joint ventures 43,597 11,303 32,221 73 NOI (1) $ 476,472 $ 262,894 $ 220,433 $ ( 6,855 ) For the Year Ended December 31, 2020 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 700,410 $ 454,071 $ 234,893 $ 11,446 Property-related operating expenses ( 273,440 ) ( 194,648 ) ( 68,924 ) ( 9,868 ) NOI from unconsolidated joint ventures 48,631 11,540 38,892 ( 1,801 ) NOI (1) $ 475,601 $ 270,963 $ 204,861 $ ( 223 ) (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. (2) NOI for the year ended December 31, 2020 includes NOI from discontinued operations. See Note 3, Discontinued Operations.
Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders	The following table provides a reconciliation of NOI to net loss attributable to common stockholders for the periods set forth below. For the Year Ended December 31, (Amounts in thousands) 2022 2021 2020 NOI $ 479,675 $ 476,472 $ 475,601 Add (subtract) adjustments to arrive to net (loss) income: Fee income 28,421 28,473 28,070 Depreciation and amortization expense ( 232,517 ) ( 232,487 ) ( 235,200 ) General and administrative expenses ( 59,487 ) ( 59,132 ) ( 64,917 ) Loss from real estate related fund investments ( 2,233 ) - - NOI from unconsolidated joint ventures (excluding One Steuart Lane) ( 45,141 ) ( 43,597 ) ( 48,631 ) Loss from unconsolidated joint ventures ( 53,251 ) ( 24,896 ) ( 18,619 ) Interest and other income, net 5,174 3,017 4,490 Interest and debt expense ( 143,864 ) ( 142,014 ) ( 144,208 ) Adjustments related to discontinued operations (including loss on sale of real estate) - - ( 8,390 ) Other, net ( 1,709 ) ( 134 ) ( 824 ) (Loss) income from continuing operations, before income taxes ( 24,932 ) 5,702 ( 12,628 ) Income tax expense ( 3,265 ) ( 3,643 ) ( 1,493 ) (Loss) income from continuing operations, net ( 28,197 ) 2,059 ( 14,121 ) Loss from discontinued operations, net - - ( 5,075 ) Net (loss) income ( 28,197 ) 2,059 ( 19,196 ) Less: net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 13,981 ) ( 21,538 ) ( 9,257 ) Consolidated real estate related funds 3,342 ( 2,893 ) 1,450 Operating Partnership 2,433 2,018 2,299 Net loss attributable to common stockholders $ ( 36,403 ) $ ( 20,354 ) $ ( 24,704 )
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 December 31, 2022 $ 8,453,254 $ 5,311,636 $ 2,631,265 $ 510,353 December 31, 2021 8,494,562 5,336,210 2,696,131 462,221 December 31, 2020 8,554,097 5,388,596 2,698,983 466,518

Organization and Business - Add

Organization and Business - Additional Information (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2022 ft² Properties
Real Estate Properties [Line Items]
Number of Real Estate Properties | Properties	18
Area of office and retail properties	13.8
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	4
Area of office and retail properties	0.8
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Real Estate Properties [Line Items]
Percentage of ownership in operating partnership	93.70%

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Minimum percentage of taxable income distributed to shareholders	90%
Income tax expense	$ 3,265,000	$ 3,643,000	$ 1,493,000
Number of reportable segments | Segment	2
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
111 Sutter Street [Member]
Proportionate share of real estate impairment loss	$ 31,685,000
Taxable REIT Subsidiaries [Member]
Income tax expense	1,942,000	2,024,000	698,000
Deferred income tax expense (benefit)	$ 101,000	$ 703,000	$ 32,000
Minimum [Member]
Estimated useful lives of the assets, years	5
Lease term	5 years
Maximum [Member]
Estimated useful lives of the assets, years	40 years
Lease term	15 years

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Reconciliation Net Income (Loss) Attributable to Estimated Taxable Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Net loss attributable to Paramount Group, Inc.	$ (36,403)	$ (20,354)	$ (24,704)
Book to tax differences:
Straight-lining of rents and amortization of above and below-market leases, net	(5,780)	3,082	(10,462)
Depreciation and amortization	54,892	62,218	62,002
Stock-based compensation	17,607	16,933	17,766
Deferred compensation plan		(28,793)
Our share of a real estate impairment loss of an unconsolidated joint venture	31,685
Sale of real estate			55,640
Other, net	20,352	27,476	(11,095)
Estimated taxable income	$ 82,353	$ 60,562	$ 89,147

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Cash dividend	$ 0.373	$ 0.280	$ 0.400
Ordinary income	100%	90.40%	52.50%
Long-term capital gain	0%	8.20%	47.50%
Return of capital	0%	1.40%	0%
Total	100%	100%	100%
Ordinary Income [Member]
Income Taxes [Line Items]
Cash dividend	$ 0.373	$ 0.253	$ 0.210
Long-Term Capital Gain [Member]
Income Taxes [Line Items]
Cash dividend		0.023	0.190
Return of Capital [Member]
Income Taxes [Line Items]
Cash dividend		$ 0.004	$ 0

Basis of Presentation and Sig_7

Basis of Presentation and Significant Accounting Policies - Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes (Parenthetical) (Details) - $ / shares	3 Months Ended			12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Cash dividend	$ 0.0775	$ 0.07	$ 0.07
Split year dividend per share					$ 0.070425
Scenario Forecast [Member]
Income Taxes [Line Items]
Split year dividend per share				$ 0.007075

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details)			12 Months Ended
		Dec. 24, 2020 USD ($) ft²	Dec. 31, 2020 USD ($)	Dec. 31, 2022 ft²
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Area of leased properties | ft²				13,800,000
1899 Pennsylvania Avenue [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale, net proceeds	[1]		$ 14,243,000
Gain (loss) on sale of property	[1]		$ (12,766,000)
1899 Pennsylvania Avenue [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Area of leased properties | ft²		191,000
Sale agreement amount		$ 103,000,000
Sale, net proceeds		89,206,000
Gain (loss) on sale of property		$ (12,766,000)
[1] Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue.

Discontinued Operations - Sched

Discontinued Operations - Schedule of Results of Operations Related to Discontinued Operations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other income (expense):
Loss from discontinued operations, net		$ 0	$ 0	$ (5,075)
1899 Pennsylvania Avenue [Member]
Revenues:
Rental revenue	[1]			13,967
Other income	[1]			276
Total revenues	[1]			14,243
Expenses:
Operating	[1]			5,853
Depreciation and amortization	[1]			690
Total expenses	[1]			6,543
Other income (expense):
Income before gain or loss on sale of real estate	[1]			7,700
Loss on sale of real estate	[1]			(12,766)
Loss before income taxes	[1]			(5,066)
Income tax expense	[1]			(9)
Loss from discontinued operations, net	[1]			$ (5,075)
[1] Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue.

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Cash Flows from Discontinued Operations (Details) - 1899 Pennsylvania Avenue [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)	[1]
Statements of Cash Flows:
Cash provided by operating activities	$ 5,522
Cash provided by investing activities	89,206	[2]
Cash used in financing activities	(96,896)
Additional Cash Flow Information:
Depreciation and amortization	$ 690
[1] Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue. Represents net proceeds from the sale of 1899 Pennsylvania Avenue.

Real Estate Related Fund Inve_3

Real Estate Related Fund Investments - Additional Information (Details) - USD ($)		12 Months Ended
	Dec. 12, 2022	Dec. 31, 2022	Dec. 11, 2022
Real Estate Related Fund [Line Items]
Investment in real estate related funds		$ 7,454,000
Fund X [Member]
Real Estate Related Fund [Line Items]
Alternative Investment Fund Ownership Interest Percentage			8.20%
Investment in real estate related funds	$ 7,454,000
Alternative Investment Fund Ownership Interest Percentage	13%

Real Estate Related Fund Inve_4

Real Estate Related Fund Investments - Summary of Assets and Liabilities of Fund X (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 12, 2022	Dec. 31, 2021
Real Estate Related Fund [Line Items]
Real estate related fund investments	$ 105,369		$ 0
Fund X [Member]
Real Estate Related Fund [Line Items]
Real estate related fund investments		$ 104,726
Cash and other assets and liabilities, net		512
Total real estate related fund investments		105,238
Less: noncontrolling interests in consolidated real estate related fund		(91,535)
Paramount Group, Inc.'s equity in real estate related fund investments		$ 13,703

Real Estate Related Fund Inve_5

Real Estate Related Fund Investments - Summary of Loss From Real Estate Related Fund Investments (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate Related Fund [Line Items]
Loss from real estate related fund investments		$ (2,233)	$ 0	$ 0
Net loss attributable to common stockholders		$ (36,403)	$ (20,354)	$ (24,704)
Fund X [Member]
Real Estate Related Fund [Line Items]
Net investment income	$ 394
Loss recognized upon consolidation of real estate related fund investments that were previously unconsolidated	(2,627)
Loss from real estate related fund investments	(2,233)
Less: noncontrolling interests in consolidated real estate related fund	(420)
Net loss attributable to common stockholders	$ (2,653)

Investments in Unconsolidated_3

Investments in Unconsolidated Joint Ventures - Additional Information (Details)	Dec. 31, 2022 ft²	Feb. 24, 2022 USD ($) ft²
Schedule of Equity Method Investments [Line Items]
Area of office and retail properties | ft²	13,800,000
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
Mars, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Lease term		15 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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 24, 2022
Schedule Of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 393,503	$ 408,096
Loss from unconsolidated joint ventures	$ (53,251)	(24,896)	$ (18,619)
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50%
Loss from unconsolidated joint ventures		(10,265)	687
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	67%
Investments in unconsolidated joint ventures	$ 192,948	185,344
Loss from unconsolidated joint ventures	$ (10,405)	(11,848)	(11,315)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	44.10%
Investments in unconsolidated joint ventures	$ 85,340	88,284
Loss from unconsolidated joint ventures	$ (2,943)	(2,912)	(2,723)
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	49%
Investments in unconsolidated joint ventures		35,182
Loss from unconsolidated joint ventures	$ (35,190)	(2,658)	(3,172)
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.20%			9.20%
Investments in unconsolidated joint ventures	$ 9,113
Loss from unconsolidated joint ventures	$ (9)
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	5%
Investments in unconsolidated joint ventures	$ 25,034	19,230
Loss from unconsolidated joint ventures	$ (89)	66	(70)
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	35%
Investments in unconsolidated joint ventures	$ 77,961	76,428
Loss from unconsolidated joint ventures	$ (4,696)	2,678	(2,043)
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.50%
Investments in unconsolidated joint ventures	$ 3,107	3,628
Loss from unconsolidated joint ventures	$ 81	$ 43	$ 17

Investments in Unconsolidated_5

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Parenthetical) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Equity Method Investments [Line Items]
Distributions of earnings from unconsolidated joint ventures		$ 1,324,000	$ 7,278,000	$ 3,999,000
Contribution to the joint venture		15,812,000	11,750,000	$ 60,000
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Distributions made in excess of share of earnings recognized negative basis		13,427,000	$ 14,329,000
Income (Loss) of investment accounted under equity method accounting		1,804,000
Proportionate share of income (loss) of equity method investment not recognized		$ 902,000
Equity method paramount ownership percentage	50%	50%
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 466,000	$ 466,000
Equity method paramount ownership percentage	44.10%	44.10%
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Distributions made in excess of share of earnings recognized negative basis		$ 107,000
Real estate impairment loss	$ (64,663,000)
Proportionate share of real estate impairment loss		$ 31,685,000
Equity method paramount ownership percentage	49%	49%
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 323,000	$ 323,000
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 2,574,000	$ 2,574,000
Equity method paramount ownership percentage	5%	5%
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 645,000	$ 645,000
Equity method paramount ownership percentage	35%	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 paramount ownership percentage	7.40%	7.40%
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 3,847,000	$ 3,847,000
Equity method paramount ownership percentage	9.50%	9.50%

Investments in Unconsolidated_6

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Schedule Of Equity Method Investments [Line Items]
Total assets		$ 8,453,254	[1]	$ 8,494,562	[1]	$ 8,554,097
Total liabilities	[1]	4,042,488		4,039,530
Equity		3,592,291		3,588,163
Total liabilities and equity		8,453,254		8,494,562
Rental revenue		702,819		690,418		679,015
Other income		9,137		7,895		7,152
Total revenues		740,377		726,786		714,237
Operating		277,422		265,438		267,587
Depreciation and amortization		232,517		232,487		235,200
Total expenses		569,896		557,973		568,800
Interest and other income, net		5,174		3,017		4,490
Interest and debt expense		(143,864)		(142,014)		(144,208)
Loss before income taxes		(24,932)		5,702		(12,628)
Income tax expense		(3,265)		(3,643)		(1,493)
Net loss attributable to common stockholders		(36,403)		(20,354)		(24,704)
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate, net		2,377,084		2,246,152
Cash and cash equivalents and restricted cash		252,540		216,910
Intangible assets, net		69,599		58,590
For-sale residential condominium units	[2]	322,232		359,638
Other assets		87,054		46,646
Total assets		3,108,509		2,927,936
Notes and mortgages payable, net		1,834,916		1,791,404
Intangible liabilities, net		10,972		18,397
Other liabilities		50,783		61,097
Total liabilities		1,896,671		1,870,898
Equity		1,211,838		1,057,038
Total liabilities and equity		3,108,509		2,927,936
Rental revenue		194,031		229,420		243,713
Other income		65,850	[3]	139,705	[3]	2,828
Total revenues		259,881		369,125		246,541
Operating		152,313	[3]	220,396	[3]	109,114
Depreciation and amortization		85,949		107,079		117,640
Total expenses		238,262		327,475		226,754
Interest and other income, net		991		(111)		(36)
Interest and debt expense		(62,173)		(63,493)		(58,239)
Real estate impairment loss	[4]	(64,663)
Loss before income taxes		(104,226)		(21,954)		(38,488)
Income tax expense		(60)		(32)		(47)
Net loss attributable to common stockholders		$ (104,286)		$ (21,986)		$ (38,535)
[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 93.7 % as of December 31, 2022. As of December 31, 2022, the assets and liabilities of the Operating Partnership include $ 4,013,461 and $ 2,579,381 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, 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. Represents a real estate impairment loss on 111 Sutter Street, of which our share is $ 31,685 .

Investments in Unconsolidated_7

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Parenthetical) (Details) - 111 Sutter Street [Member]	12 Months Ended
	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss	$ 31,685,000
Unconsolidated Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss	$ 31,685,000

Investments in Unconsolidated_8

Investments in Unconsolidated Real Estate Related Funds - Additional Information (Details) - USD ($)		12 Months Ended
	Dec. 12, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 11, 2022
Investment Holdings [Line Items]
Investment in real estate related funds		$ 7,454,000
Investments in unconsolidated real estate related funds		3,411,000	$ 11,421,000
Income (loss) from unconsolidated real estate funds		$ (1,239,000)	$ 782,000	$ 272,000
Fund VIII [Member]
Investment Holdings [Line Items]
Alternative Investment Fund Ownership Interest Percentage		1.30%
Investments in unconsolidated real estate related funds		$ 3,411,000
Fund X [Member]
Investment Holdings [Line Items]
Alternative Investment Fund Ownership Interest Percentage					8.20%
Alternative Investment Fund Ownership Interest Percentage	13%
Investment in real estate related funds	$ 7,454,000

Intangible Assets and Intangibl

Intangible Assets and Intangible Liabilities - Summary of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Intangible assets:
Gross amount	$ 337,104	$ 371,555
Accumulated amortization	(246,723)	(252,142)
Intangible assets, Net	90,381	119,413
Intangible liabilities:
Gross amount	138,726	151,118
Accumulated amortization	(102,533)	(105,790)
Intangible Liabilities, Net	36,193	45,328
Leases, Acquired-in-Place, Market Adjustment [Member]
Intangible liabilities:
Amortization of above and below-market leases, net (component of "rental revenue")	1,748	3,070	$ 4,775
Leases, Acquired-in-Place [Member]
Intangible liabilities:
Amortization of acquired in-place leases (component of "depreciation and amortization")	$ 21,645	$ 26,507	$ 36,628

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	Dec. 31, 2022 USD ($)
Finite Lived Intangible Assets [Line Items]
2023	$ 5,002
2024	5,942
2025	4,596
2026	2,723
2027	2,410
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	12 Months Ended
	Dec. 31, 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	(17,682)	(22,380)
Total notes and mortgages payable, net	$ 3,840,318	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)	12 Months Ended
	Dec. 31, 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%

Debt - Summary of Principal Rep

Debt - Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	$ 273,000
2024	975,000
2026	1,360,000
Thereafter	1,250,000
Notes and Mortgages Payable [Member]
Debt Instrument [Line Items]
2023	273,000
2024	975,000
2026	1,360,000
Thereafter	$ 1,250,000

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Changes in fair value of these interest rate swaps and interest rate caps	$ 39,865,000	$ 6,069,000
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	31,839,000	$ 6,857,000
Amount to be recognized in accumulated other comprehensive income (loss) reclassified to interest expense for next twelve months	(27,817,000)
Designated As Hedging Instrument [Member] | Interest Rate Swap [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 Cap [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 ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest Rate Swap [Member]
Derivative [Line Items]
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 32,681	$ 6,691
Interest Rate Swap [Member] | 1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Notional Amount	$ 500,000
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")	$ 32,681	6,691
Interest Rate Cap [Member]
Derivative [Line Items]
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	6,123	306
Interest Rate Cap [Member] | 1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Notional Amount	$ 360,000
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")	$ 6,123	$ 306

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Nov. 05, 2019
Class Of Stock [Line Items]
Common stock shares authorized amount			$ 200,000,000
Stock repurchased, price per share	$ 6.27	$ 8.69
Stock repurchased, value	$ 65,000,000	$ 120,000,000
Stock repurchase amount available for future repurchase	$ 15,000,000
Common Stock [Member]
Class Of Stock [Line Items]
Stock repurchased	10,370,610	13,813,158
Stock repurchased, value	$ 104,000	$ 138,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount of income (loss) related to the cash flow hedges recognized in other comprehensive income (loss)	$ 39,865	$ 6,069
Amount reclassified from accumulated other comprehensive income (loss) increasing (decreasing) interest and debt expense	(8,026)	788
Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive income (loss)	18,859	5,562	$ 16,141
Amounts reclassified from accumulated other comprehensive income (loss) increasing loss from unconsolidated joint ventures	$ (374)	$ 4,003	$ 2,247

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Parenthetical) (Details) - Designated As Hedging Instrument [Member] - Cash Flow Hedging [Member]	Dec. 31, 2022 USD ($)
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 500,000,000
Interest Rate Swap [Member] | Unconsolidated Joint Ventures [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	402,000,000
Interest Rate Cap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 360,000,000

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Consolidated joint ventures	$ 402,118,000	$ 428,833,000
Noncontrolling interests in consolidated real estate fund aggregated	173,375,000	81,925,000
Operating partnerships	242,982,000	356,111,000
Redemption value	$ 86,644,000	$ 181,315,000
Common units conversion basis	one-for-one

Variable Interest Entities ("_3

Variable Interest Entities ("VIEs") - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Variable Interest Entity [Line Items]
Percentage of ownership in operating partnership	93.70%

Variable Interest Entities ("_4

Variable Interest Entities ("VIEs") - Summary of Assets and Liabilities of Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands		Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity [Line Items]
Real estate, net		$ 6,846,224		$ 6,915,084
Cash and cash equivalents and restricted cash		449,817		529,666		$ 465,324	$ 331,487
Real estate related fund investments		105,369		0
Deferred rent receivable		346,338		332,735
Deferred charges, net		120,685		122,177
Intangible assets, net		90,381		119,413
Other assets		73,660		40,388
Total assets		8,453,254	[1]	8,494,562	[1]	$ 8,554,097
Notes and mortgages payable, net		3,840,318		3,835,620
Accounts payable and accrued expenses		123,176		116,192
Intangible liabilities, net		36,193		45,328
Other liabilities		24,775		25,495
Total liabilities	[1]	4,042,488		4,039,530
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Real estate, net		3,364,482		3,415,735
Cash and cash equivalents and restricted cash		144,446		198,154
Real estate related fund investments		105,369
Investments in unconsolidated joint ventures		77,961		76,428
Accounts and other receivables		13,647		6,801
Deferred rent receivable		197,658		197,794
Deferred charges, net		49,485		53,013
Intangible assets, net		50,553		62,380
Other assets		9,860		15,551
Total assets		4,013,461		4,025,856
Notes and mortgages payable, net		2,489,902		2,487,871
Accounts payable and accrued expenses		61,492		54,738
Intangible liabilities, net		21,936		27,674
Other liabilities		6,051		6,427
Total liabilities		$ 2,579,381		$ 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 93.7 % as of December 31, 2022. As of December 31, 2022, the assets and liabilities of the Operating Partnership include $ 4,013,461 and $ 2,579,381 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, 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	Dec. 31, 2022	Dec. 31, 2021
Carrying Value of Investments [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 3,411	$ 11,421
Asset Management Fees and Other Receivables [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	21	9
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 3,432	$ 11,430

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate related fund investments	$ 105,369	$ 0
Total assets	144,173	6,997
Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")	32,681	6,691
Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")	6,123	306
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	38,804	6,997
Level 2 [Member] | Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")	32,681	6,691
Level 2 [Member] | Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")	6,123	$ 306
Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate related fund investments	105,369
Total assets	$ 105,369

Fair Value Measurements (Additi

Fair Value Measurements (Additional Information) (Details) - Credit Spread [Member] - Level 3 [Member]	Dec. 31, 2022
Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real Estate Fund Investment, Unobservable Input	10
Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Real Estate Fund Investment, Unobservable Input	9.25

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Fair Value of Real Estate Related Fund Investments in Level 3 (Details) $ in Thousands	1 Months Ended
	Dec. 31, 2022 USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Ending balance	$ 105,369
Level 3 [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Ending balance	105,369
Real Estate Related Fund Investments [Member] | Level 3 [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Beginning balance	0
Consolidation of Fund X	104,726
Net unrealized gains	643
Ending balance	$ 105,369

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 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	3,566,096	3,893,252
Total liabilities	$ 3,566,096	$ 3,893,252

Leases - Schedule of Rental Rev

Leases - Schedule of Rental Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Disaggregation of Revenue [Abstract]
Fixed rental revenues	$ 645,950	$ 635,513		$ 627,352	[1]
Variable rental revenues	56,869	54,905	[2]	51,663
Total rental revenue	$ 702,819	$ 690,418		$ 679,015
[1] Includes (i) $ 33,205 of non-cash write-offs, primarily for straight-line rent receivables and (ii) $ 2,051 of reserves for uncollectible accounts receivable. 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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Non-cash write-offs, primarily for straight-line rent receivables				$ 33,205
Uncollectible accounts receivable				2,051
Variable rental revenues	$ 56,869	$ 54,905	[1]	$ 51,663
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-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 635,053
2024	645,282
2025	599,915
2026	504,660
2027	440,334
Thereafter	2,259,744
Total	$ 5,084,988

Fee and Other Income - Summary

Fee and Other Income - Summary of Fee and Other Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fee income:
Fee income	$ 28,421	$ 28,473	$ 28,070
Other income	9,137	7,895	7,152
Total fee and other income	37,558	36,368	35,222
Asset Management Fees [Member]
Fee income:
Fee income	12,270	13,284	14,266
Property Management Fees [Member]
Fee income:
Fee income	7,981	8,589	9,242
Acquisition, Disposition, Leasing And Other [Member]
Fee income:
Fee income	$ 8,170	$ 6,600	$ 4,562

Fee and Other Income - Summar_2

Fee and Other Income - Summary of Amount Receivable from Customers under Various Fee Agreement (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2021	$ 15,582
Balance as of December 31, 2022	23,866
Revenue from Contract with Customers Under Various Fee Agreements [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2021	3,206
Balance as of December 31, 2022	2,611
(Decrease) increase	(595)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Asset Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2021	2,072
Balance as of December 31, 2022	2,138
(Decrease) increase	66
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2021	686
Balance as of December 31, 2022	338
(Decrease) increase	(348)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Acquisition, Disposition, Leasing And Other [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2021	448
Balance as of December 31, 2022	135
(Decrease) increase	$ (313)

Interest and Other Income, ne_2

Interest and Other Income, net - Schedule of Interest and Other Income, net (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest and Other Income [Abstract]
Interest income, net		$ 5,174	$ 1,183	$ 2,054
Mark-to-market of investments in our deferred compensation plans	[1]		1,834	2,436
Total interest and other income, net		$ 5,174	$ 3,017	$ 4,490
[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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Interest and Debt Expense [Abstract]
Interest expense	$ 137,708	$ 132,887		$ 134,931
Amortization of deferred financing costs	6,156	9,127	[1]	9,277
Total interest and debt expense	$ 143,864	$ 142,014		$ 144,208
[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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Extinguishment of Debt [Line Items]
Proceeds from notes and mortgages payable	$ 888,566	$ 9,791
1301 Avenue of the Americas [Member]
Extinguishment of Debt [Line Items]
Expense from non-cash write-off of deferred financing costs	761
Proceeds from notes and mortgages payable	$ 860,000

Incentive Compensation - Additi

Incentive Compensation - Additional Information (Details) - USD ($)			12 Months Ended
	Jan. 13, 2022	Jan. 14, 2019	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 30, 2014
Performance Programs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Fair value of awards granted			$ 7,188,000	$ 7,303,000	$ 7,488,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 1 month 6 days
Performance measurement period, term			3 years
Unrecognized compensation cost			$ 8,178,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted			$ 1,359,000	$ 1,584,000	$ 1,209,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 3 months 18 days
Unrecognized compensation cost			$ 1,936,000
Restricted Stock [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Restricted Stock [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			1 year
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, granted			0	0	0
Stock Options Expiration Period			10 years
Employee Stock Option [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
Employee Stock Option [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Equity Incentive Plan [Member] | Full Value Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant			6,135,630
Equity Incentive Plan [Member] | Full Value Awards [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant						20,892,857
Equity Incentive Plan [Member] | Not Full Value Awards [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant						41,785,714
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted			$ 6,136,000	$ 8,665,000	$ 10,940,000
Unrecognized compensation cost			$ 10,525,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 3 months 18 days
Long Term Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
Long Term Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 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	$ 4,344,000
Unrecognized compensation cost			$ 3,775,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 8 months 12 days
Stock options, granted			2,703,499
Appreciation Only Long Term Incentive Plan | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Appreciation Only Long Term Incentive Plan | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
2019 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost expected to be recognized over a weighted-average period		4 years
Fair value granted		$ 8,106,000
2022 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Fair value of awards granted	$ 7,188,000
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%
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%

Incentive Compensation - Summar

Incentive Compensation - Summary of Components of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 19,003	$ 18,612	$ 19,239
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense			60
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	1,205	1,150	1,217
AOLTIP Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	3,659	1,885
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	8,033	8,554	10,463
Long Term Incentive Plan [Member] | Performance-Based Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 6,106	$ 7,023	$ 7,499

Incentive Compensation - Summ_2

Incentive Compensation - Summary of LTIP Unit Activity (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Performance Based Award Programs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2021 | shares	4,099,887
Units, Granted | shares	1,778,524
Units, Cancelled or expired | shares	(1,570,609)
Units, Unvested as of December 31, 2022 | shares	4,307,802
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 5.57
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	8.08
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	5.89
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2022 | $ / shares	$ 6.49
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2021 | shares	2,040,736
Units, Granted | shares	732,015
Units, Vested | shares	(713,269)
Units, Cancelled or expired | shares	(61,237)
Units, Unvested as of December 31, 2022 | shares	1,998,245
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 10.40
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	8.38
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	10.68
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	10.54
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2022 | $ / shares	$ 9.56

Incentive Compensation - Summ_3

Incentive Compensation - Summary of Fair Value of AOLTIP Unit Estimated Using Option-Pricing Model (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Expected volatility	34.90%	34%
Expected life	4 years 9 months 18 days	4 years 9 months 18 days
Risk free interest rate	1%	0.60%
Expected dividend yield	3%	3%

Incentive Compensation - Summ_4

Incentive Compensation - Summary of AOLTIP Unit Activity (Details) - Appreciation Only Long Term Incentive Plan	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding as of December 31, 2021 | shares	2,171,875
Shares, Granted | shares	2,703,499
Shares, Exercised | shares	(95,312)
Shares, Cancelled or expired | shares	(192,188)
Shares, Outstanding at December 31, 2022 | shares	4,587,874
Shares, Options vested and expected to vest at December 31, 2022 | shares	4,409,076
Shares, Options exercisable at December 31, 2022 | shares	2,033,593
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2021 | $ / shares	$ 8.63
Weighted-Average Exercise Price (per unit/share), Granted | $ / shares	8.93
Weighted-Average Exercise Price (per unit/share), Exercised | $ / shares	8.63
Weighted-Average Exercise Price (per unit/share), Cancelled or expired | $ / shares	8.63
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2022 | $ / shares	8.80
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2022 | $ / shares	8.80
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2022 | $ / shares	$ 8.63
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2022	5 years 7 months 6 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2022	5 years 7 months 6 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2022	5 years 7 months 6 days

Incentive Compensation - Summ_5

Incentive Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2021 | shares	230,546
Units, Granted | shares	147,957
Units, Vested | shares	(86,354)
Units, Cancelled or expired | shares	(23,041)
Units, Unvested as of December 31, 2022 | shares	269,108
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 10.44
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	9.19
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	11.12
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	9.68
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2022 | $ / shares	$ 9.59

Incentive Compensation - Summ_6

Incentive Compensation - Summary of Stock Option Activity (Details) - Employee Stock Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding as of December 31, 2021	2,010,993
Shares, Granted	0	0	0
Shares, Cancelled or expired	(18,000)
Shares, Outstanding at December 31, 2022	1,992,993	2,010,993
Shares, Options vested and expected to vest at December 31, 2022	1,992,993
Shares, Options exercisable at December 31, 2022	1,992,993
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2021	$ 17.06
Weighted-Average Exercise Price (per unit/share), Cancelled or expired	17.50
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2022	17.06	$ 17.06
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2022	17.06
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2022	$ 17.06
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2022	2 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2022	2 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2022	2 years 8 months 12 days

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net loss from continuing operations attributable to common stockholders	$ (36,403)	$ (20,354)	$ (20,063)
Earnings allocated to unvested participating securities	(85)	(70)	(44)
Numerator for net loss from continuing operations per common share - basic and diluted	(36,488)	(20,424)	(20,107)
Net loss from discontinued operations attributable to common stockholders			(4,641)
Earnings allocated to unvested participating securities			(22)
Numerator for net loss from discontinued operations per common share - basic and diluted			(4,663)
Numerator for net loss per common share - basic and diluted	$ (36,488)	$ (20,424)	$ (24,770)
Denominator:
Denominator for basic loss per common share - weighted average shares	221,309,938	218,701,249	222,436,170
Denominator for diluted loss per common share - weighted average shares	221,309,938	218,701,249	222,436,170
Earnings Per Share, Basic [Abstract]
Continuing operations, net - basic	$ (0.16)	$ (0.09)	$ (0.09)
Discontinued operations, net - basic			(0.02)
Net loss per common share - basic	(0.16)	(0.09)	(0.11)
Earnings Per Share, Diluted [Abstract]
Continuing operations, net - diluted	(0.16)	(0.09)	(0.09)
Discontinued operations, net - diluted			(0.02)
Net loss per common share - diluted	$ (0.16)	$ (0.09)	$ (0.11)

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computation of Earnings Per Share (Parenthetical) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Effect of dilutive securities excluded from computation of earning per share	20,064	23,775	23,540

Related Parties - Additional In

Related Parties - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Fee and other income	$ 37,558,000	$ 36,368,000	$ 35,222,000
Accounts and other receivables, net	23,866,000	15,582,000
Property management, asset management, leasing and other related services fee income	28,421,000	28,473,000	28,070,000
Transaction related costs	470,000	916,000	1,096,000
Accounts payable and accrued expenses	$ 123,176,000	116,192,000
Area of leased properties | ft²	13,800,000
Rental revenue	$ 702,819,000	690,418,000	679,015,000
Due from affiliates	$ (59,000,000)
712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50%
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%
CNBB-RDF Holdings Otto Family [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Fee and other income	$ 1,322,000	1,726,000	1,227,000
Accounts and other receivables, net	52,000	484,000
Unconsolidated Joint Ventures and Real Estate Funds [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Accounts and other receivables, net	3,032,000	2,883,000
Property management, asset management, leasing and other related services fee income	$ 24,315,000	23,240,000	22,986,000
Hamburg Trust Consulting GMBH ("HTC") [Member]
Related Party Transaction [Line Items]
Mark-up cost percentage	10%
Transaction related costs	$ 713,000	645,000	512,000
Accounts payable and accrued expenses	$ 119,000	523,000
Hamburg Trust Consulting GMBH ("HTC") [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership	100%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Lease rental income	$ 364,000	362,000	362,000
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member] | Lease expiring in April 2023 [Member]
Related Party Transaction [Line Items]
Area of leased properties | ft²	5,593
Equity method paramount ownership percentage	50%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member] | Lease expiring in June 2025 [Member]
Related Party Transaction [Line Items]
Area of leased properties | ft²	3,127
ParkProperty Capital, LP [Member] | Board of Director [Member]
Related Party Transaction [Line Items]
Rental revenue	$ 220,000	$ 212,000	$ 210,000
ParkProperty Capital, LP [Member] | Board of Director [Member] | 1633 Broadway [Member]
Related Party Transaction [Line Items]
Area of leased properties | ft²	3,330
ParkProperty Capital, LP [Member] | Board of Director [Member] | 1325 Avenue of the Americas [Member]
Related Party Transaction [Line Items]
Area of leased properties | ft²	4,233
Lease term	5 years

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 ft²	Feb. 16, 2018 USD ($)	Nov. 23, 2014 ft²
Other Commitments [Line Items]
Area of leased properties | ft²	13,800,000
Minimum [Member] | New York State Division Of Taxation And Finance [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss | $		$ 0
Maximum [Member] | New York State Division Of Taxation And Finance [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss | $		$ 57,000,000
718 Fifth Avenue [Member]
Other Commitments [Line Items]
Percentage of tenancy-in-common interest in property			50%
Put right notice period	12 months
712 Fifth Avenue [Member]
Other Commitments [Line Items]
Percentage of ownership interest in new joint venture	50%
Owned by Affiliate [Member] | 718 Fifth Avenue [Member] | Third Party Affiliate [Member]
Other Commitments [Line Items]
Percentage of ownership interest in new joint venture			25%
Owned by Affiliate [Member] | Parent Company [Member] | Put Right Exercised [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Pre IPO ownership percentage	25%
Owned by Affiliate [Member] | Retail Type Space [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Area of leased properties | ft²			19,050

Segments - Additional Informati

Segments - Additional Information (Details)	12 Months Ended
	Dec. 31, 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		12 Months Ended
		Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Property-related revenues		$ 711,956		$ 698,313	$ 700,410
Property-related operating expenses		(277,422)		(265,438)	(273,440)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		45,141		43,597	48,631
NOI	[1]	479,675		476,472	475,601
New York [Member]
Segment Reporting Information [Line Items]
Property-related revenues		468,409		443,384	454,071
Property-related operating expenses		(199,085)		(191,793)	(194,648)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		13,257		11,303	11,540
NOI	[1]	282,581		262,894	270,963
San Francisco [Member]
Segment Reporting Information [Line Items]
Property-related revenues		245,560		258,188	234,893
Property-related operating expenses		(74,396)		(69,976)	(68,924)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		31,596		32,221	38,892
NOI	[1]	202,760		220,433	204,861
Other [Member]
Segment Reporting Information [Line Items]
Property-related revenues		2,013		(3,259)	11,446	[2]
Property-related operating expenses		(3,941)		(3,669)	(9,868)	[2]
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		288		73	(1,801)	[2]
NOI	[1]	$ 5,666	[2]	$ (6,855)	$ (223)	[2]
[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. NOI for the year ended December 31, 2020 includes NOI from discontinued operations. See Note 3, Discontinued Operations.

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
NOI	[1]	$ 479,675	$ 476,472	$ 475,601
Fee income		28,421	28,473	28,070
Depreciation and amortization expense		(232,517)	(232,487)	(235,200)
General and administrative expenses		(59,487)	(59,132)	(64,917)
Loss from real estate related fund investments		(2,233)	0	0
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		(45,141)	(43,597)	(48,631)
Loss from unconsolidated joint ventures		(53,251)	(24,896)	(18,619)
Interest and other income, net		5,174	3,017	4,490
Interest and debt expense		(143,864)	(142,014)	(144,208)
Adjustments related to discontinued operations (including loss on sale of real estate)				(8,390)
Other, net		(1,709)	(134)	(824)
(Loss) income from continuing operations, before income taxes		(24,932)	5,702	(12,628)
Income tax expense		(3,265)	(3,643)	(1,493)
(Loss) income from continuing operations, net		(28,197)	2,059	(14,121)
Loss from discontinued operations, net		0	0	(5,075)
Net (loss) income		(28,197)	2,059	(19,196)
Consolidated joint ventures		(13,981)	(21,538)	(9,257)
Consolidated real estate related funds		3,342	(2,893)	1,450
Operating Partnership		2,433	2,018	2,299
Net loss attributable to common stockholders		$ (36,403)	$ (20,354)	$ (24,704)
[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	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Segment Reporting Information [Line Items]
Total assets	$ 8,453,254	[1]	$ 8,494,562	[1]	$ 8,554,097
New York [Member]
Segment Reporting Information [Line Items]
Total assets	5,311,636		5,336,210		5,388,596
San Francisco [Member]
Segment Reporting Information [Line Items]
Total assets	2,631,265		2,696,131		2,698,983
Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 510,353		$ 462,221		$ 466,518
[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 93.7 % as of December 31, 2022. As of December 31, 2022, the assets and liabilities of the Operating Partnership include $ 4,013,461 and $ 2,579,381 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, Variable Interest Entities (“VIEs”) .

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,858,000
Initial cost to company, Land	1,966,237
Initial cost to company, Building and Improvements	5,430,368
Costs capitalized subsequent to acquisition, Building and Improvements	747,172
Gross amount at which carried at close of period, Land	1,966,237
Gross amount at which carried at close of period, Buildings and Improvements	6,177,540
Gross amount at which carried at close of period, Total	8,143,777	$ 8,028,061	$ 7,963,315
Accumulated depreciation and amortization	(1,297,553)	(1,112,977)	(966,697)
Costs capitalized subsequent to acquisition, Building and Improvements, other	37,891
Gross amount at which carried at close of period, Buildings and Improvements, other	37,891
Gross amount at which carried at close of period, other	37,891
Accumulated depreciation and amortization, other	$ (8,093)
Date acquired, other	Nov. 30, 2014
Real Estate:
Beginning balance	$ 8,028,061	7,963,315	7,889,885
Buildings and improvements	127,102	111,340	82,571
Assets sold and written-off	(11,386)	(46,594)	(9,141)
Ending balance	8,143,777	8,028,061	7,963,315
Accumulated Depreciation:
Beginning balance	1,112,977	966,697	790,216
Additions charged to expense	195,962	192,874	185,622
Accumulated depreciation related to assets sold and written-off	(11,386)	(46,594)	(9,141)
Ending balance	$ 1,297,553	$ 1,112,977	$ 966,697
Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed, other	5 years
Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed, other	40 years
1633 Broadway [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,250,000
Initial cost to company, Land	502,846
Initial cost to company, Building and Improvements	1,398,341
Costs capitalized subsequent to acquisition, Building and Improvements	167,371
Gross amount at which carried at close of period, Land	502,846
Gross amount at which carried at close of period, Buildings and Improvements	1,565,712
Gross amount at which carried at close of period, Total	2,068,558
Accumulated depreciation and amortization	$ (350,871)
Date of construction	Dec. 31, 1971
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 2,068,558
Accumulated Depreciation:
Ending balance	$ 350,871
1633 Broadway [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1633 Broadway [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
1301 Avenue of the Americas [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 860,000
Initial cost to company, Land	406,039
Initial cost to company, Building and Improvements	1,051,697
Costs capitalized subsequent to acquisition, Building and Improvements	154,336
Gross amount at which carried at close of period, Land	406,039
Gross amount at which carried at close of period, Buildings and Improvements	1,206,033
Gross amount at which carried at close of period, Total	1,612,072
Accumulated depreciation and amortization	$ (258,950)
Date of construction	Dec. 31, 1963
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,612,072
Accumulated Depreciation:
Ending balance	$ 258,950
1301 Avenue of the Americas [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1301 Avenue of the Americas [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
31 West 52nd Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 500,000
Initial cost to company, Land	221,318
Initial cost to company, Building and Improvements	604,994
Costs capitalized subsequent to acquisition, Building and Improvements	84,367
Gross amount at which carried at close of period, Land	221,318
Gross amount at which carried at close of period, Buildings and Improvements	689,361
Gross amount at which carried at close of period, Total	910,679
Accumulated depreciation and amortization	$ (143,565)
Date of construction	Dec. 31, 1987
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 910,679
Accumulated Depreciation:
Ending balance	$ 143,565
31 West 52nd Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
31 West 52nd Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
1325 Avenue of the Americas [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 174,688
Initial cost to company, Building and Improvements	370,553
Costs capitalized subsequent to acquisition, Building and Improvements	69,350
Gross amount at which carried at close of period, Land	174,688
Gross amount at which carried at close of period, Buildings and Improvements	439,903
Gross amount at which carried at close of period, Total	614,591
Accumulated depreciation and amortization	$ (96,460)
Date of construction	Dec. 31, 1989
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 614,591
Accumulated Depreciation:
Ending balance	$ 96,460
1325 Avenue of the Americas [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1325 Avenue of the Americas [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
900 Third Avenue [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 103,741
Initial cost to company, Building and Improvements	296,031
Costs capitalized subsequent to acquisition, Building and Improvements	29,567
Gross amount at which carried at close of period, Land	103,741
Gross amount at which carried at close of period, Buildings and Improvements	325,598
Gross amount at which carried at close of period, Total	429,339
Accumulated depreciation and amortization	$ (70,885)
Date of construction	Dec. 31, 1983
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 429,339
Accumulated Depreciation:
Ending balance	$ 70,885
900 Third Avenue [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
900 Third Avenue [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
New York [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,610,000
Initial cost to company, Land	1,408,632
Initial cost to company, Building and Improvements	3,721,616
Costs capitalized subsequent to acquisition, Building and Improvements	504,991
Gross amount at which carried at close of period, Land	1,408,632
Gross amount at which carried at close of period, Buildings and Improvements	4,226,607
Gross amount at which carried at close of period, Total	5,635,239
Accumulated depreciation and amortization	(920,731)
Real Estate:
Ending balance	5,635,239
Accumulated Depreciation:
Ending balance	920,731
One Market Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	975,000
Initial cost to company, Land	288,743
Initial cost to company, Building and Improvements	988,014
Costs capitalized subsequent to acquisition, Building and Improvements	124,972
Gross amount at which carried at close of period, Land	288,743
Gross amount at which carried at close of period, Buildings and Improvements	1,112,986
Gross amount at which carried at close of period, Total	1,401,729
Accumulated depreciation and amortization	$ (237,041)
Date of construction	Dec. 31, 1976
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,401,729
Accumulated Depreciation:
Ending balance	$ 237,041
One Market Plaza [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Market Plaza [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
300 Mission Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 273,000
Initial cost to company, Land	141,097
Initial cost to company, Building and Improvements	343,819
Costs capitalized subsequent to acquisition, Building and Improvements	53,647
Gross amount at which carried at close of period, Land	141,097
Gross amount at which carried at close of period, Buildings and Improvements	397,466
Gross amount at which carried at close of period, Total	538,563
Accumulated depreciation and amortization	$ (61,180)
Date of construction	Dec. 31, 1968
Date acquired	Jul. 31, 2017
Real Estate:
Ending balance	$ 538,563
Accumulated Depreciation:
Ending balance	$ 61,180
300 Mission Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
300 Mission Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
One Front Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 127,765
Initial cost to company, Building and Improvements	376,919
Costs capitalized subsequent to acquisition, Building and Improvements	25,671
Gross amount at which carried at close of period, Land	127,765
Gross amount at which carried at close of period, Buildings and Improvements	402,590
Gross amount at which carried at close of period, Total	530,355
Accumulated depreciation and amortization	$ (70,508)
Date of construction	Dec. 31, 1979
Date acquired	Dec. 31, 2016
Real Estate:
Ending balance	$ 530,355
Accumulated Depreciation:
Ending balance	$ 70,508
One Front Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Front Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
San Francisco [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,248,000
Initial cost to company, Land	557,605
Initial cost to company, Building and Improvements	1,708,752
Costs capitalized subsequent to acquisition, Building and Improvements	204,290
Gross amount at which carried at close of period, Land	557,605
Gross amount at which carried at close of period, Buildings and Improvements	1,913,042
Gross amount at which carried at close of period, Total	2,470,647
Accumulated depreciation and amortization	(368,729)
Real Estate:
Ending balance	2,470,647
Accumulated Depreciation:
Ending balance	$ 368,729

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Billions	Dec. 31, 2022 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Assets and liabilities for tax purposes	$ 2.4