Paramount (PGRE) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Oct. 15, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Registrant Name	PARAMOUNT GROUP, INC.
Trading Symbol	PGRE
Title of 12(b) Security	Common stock of Paramount Group, Inc.,$0.01 par value per share
Security Exchange Name	NYSE
Entity Central Index Key	0001605607
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-36746
Entity Tax Identification Number	32-0439307
Entity Address, Address Line One	1633 Broadway
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	237-3100
Entity Incorporation, State or Country Code	MD
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		217,518,587

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Real estate, at cost:
Land		$ 1,966,237,000	$ 1,966,237,000
Buildings and improvements		6,290,976,000	6,250,379,000
Rental property, at cost		8,257,213,000	8,216,616,000
Accumulated depreciation and amortization		(1,596,069,000)	(1,471,819,000)
Real estate, net		6,661,144,000	6,744,797,000
Cash and cash equivalents		318,725,000	428,208,000
Restricted cash		173,510,000	81,391,000
Accounts and other receivables		18,662,000	18,053,000
Real estate related fund investments		0	775,000
Investments in unconsolidated real estate related funds		4,607,000	4,549,000
Investments in unconsolidated joint ventures		128,919,000	132,239,000
Deferred rent receivable		355,555,000	351,209,000
Deferred charges, net of accumulated amortization of $88,932 and $82,265		103,858,000	108,751,000
Intangible assets, net of accumulated amortization of $151,820 and $194,536		54,125,000	68,005,000
Other assets		71,847,000	68,238,000
Total assets	[1]	7,890,952,000	8,006,215,000
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $17,683 and $13,566		3,674,367,000	3,803,484,000
Revolving credit facility		0	0
Accounts payable and accrued expenses		114,808,000	114,463,000
Dividends and distributions payable		0	8,360,000
Intangible liabilities, net of accumulated amortization of $103,154 and $108,817		22,465,000	28,003,000
Other liabilities		27,906,000	37,017,000
Total liabilities	[1]	3,839,546,000	3,991,327,000
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 217,518,587 and 217,366,089 shares in 2024 and 2023, respectively		2,175,000	2,173,000
Additional paid-in-capital		4,140,427,000	4,133,801,000
Earnings less than distributions		(966,973,000)	(943,935,000)
Accumulated other comprehensive (loss) income		(1,762,000)	11,246,000
Paramount Group, Inc. equity		3,173,867,000	3,203,285,000
Noncontrolling interests in:
Consolidated joint ventures		492,135,000	413,925,000
Consolidated real estate related funds		92,759,000	110,589,000
Operating Partnership (20,038,028 and 19,468,095 units outstanding)		292,645,000	287,089,000
Total equity		4,051,406,000	4,014,888,000
Total liabilities and equity		$ 7,890,952,000	$ 8,006,215,000
[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 91.6 % as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $ 3,847,438 and $ 2,397,092 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities ( “ VIEs ” ).

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Dec. 31, 2023
Deferred charges, accumulated amortization		$ 88,932	$ 82,265
Intangible assets, accumulated amortization		151,820	194,536
Notes and mortgages payable, deferred financing costs		17,683	13,566
Intangible liabilities, accumulated amortization		$ 103,154	$ 108,817
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		900,000,000	900,000,000
Common stock, shares issued		217,518,587	217,366,089
Common stock, shares outstanding		217,518,587	217,366,089
Operating partnership, units outstanding		20,038,028	19,468,095
Total assets	[1]	$ 7,890,952	$ 8,006,215
Total liabilities	[1]	3,839,546	3,991,327
Variable Interest Entities [Member]
Total assets		3,847,438	3,860,326
Total liabilities		$ 2,397,092	$ 2,522,385
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Percentage of ownership in operating partnership		91.60%
[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 91.6 % as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $ 3,847,438 and $ 2,397,092 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities ( “ VIEs ” ).

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Rental revenue	$ 184,235,000	$ 182,515,000	$ 543,636,000	$ 529,734,000
Fee and other income	10,664,000	6,666,000	27,548,000	20,583,000
Total revenues	194,899,000	189,181,000	571,184,000	550,317,000
Expenses:
Operating	80,316,000	75,502,000	226,248,000	216,889,000
Depreciation and amortization	60,071,000	60,263,000	182,920,000	181,778,000
General and administrative	16,672,000	15,460,000	49,938,000	46,307,000
Transaction related costs	242,000	132,000	843,000	323,000
Total expenses	157,301,000	151,357,000	459,949,000	445,297,000
Other income (expense):
(Loss) income from real estate related fund investments	(22,000)	2,060,000	(92,000)	(37,034,000)
Income (loss) from unconsolidated real estate related funds	109,000	(721,000)	199,000	(867,000)
Loss from unconsolidated joint ventures	(981,000)	(28,974,000)	(3,098,000)	(63,138,000)
Interest and other income, net	3,517,000	4,115,000	26,830,000	10,007,000
Interest and debt expense	(43,805,000)	(39,102,000)	(124,078,000)	(112,440,000)
(Loss) income before income taxes	(3,584,000)	(24,798,000)	10,996,000	(98,452,000)
Income tax expense	(619,000)	(263,000)	(1,328,000)	(1,124,000)
Net (loss) income	(4,203,000)	(25,061,000)	9,668,000	(99,576,000)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(6,959,000)	(4,887,000)	(18,434,000)	(15,879,000)
Consolidated real estate related funds	581,000	20,934,000	408,000	57,412,000
Operating Partnership	893,000	629,000	716,000	3,849,000
Net loss attributable to common stockholders	$ (9,688,000)	$ (8,385,000)	$ (7,642,000)	$ (54,194,000)
Loss per Common Share - Basic:
Loss per common share	$ (0.04)	$ (0.04)	$ (0.04)	$ (0.25)
Weighted average common shares outstanding	217,314,706	217,043,022	217,208,809	216,871,778
Loss per Common Share - Diluted:
Loss per common share	$ (0.04)	$ (0.04)	$ (0.04)	$ (0.25)
Weighted average common shares outstanding	217,314,706	217,043,022	217,208,809	216,871,778

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (4,203)	$ (25,061)	$ 9,668	$ (99,576)
Other comprehensive (loss) income:
Change in value of interest rate swaps and interest rate caps	(3,586)	(6,105)	(14,241)	(17,630)
Pro rata share of other comprehensive (loss) income of unconsolidated joint ventures	(34)	(1,534)	38	(2,703)
Comprehensive loss	(7,823)	(32,700)	(4,535)	(119,909)
Less comprehensive (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(6,959)	(4,887)	(18,434)	(15,879)
Consolidated real estate related funds	581	20,934	408	57,412
Operating Partnership	1,198	1,162	1,911	5,211
Comprehensive loss attributable to common stockholders	$ (13,003)	$ (15,491)	$ (20,650)	$ (73,165)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) $ in Thousands	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, 2022	$ 4,410,766	$ 2,165	$ 4,186,161	$ (644,331)	$ 48,296	$ 402,118	$ 173,375	$ 242,982
Common stock, shares outstanding at Dec. 31, 2022		216,559,000
Net (loss) income	(99,576)			(54,194)		15,879	(57,412)	(3,849)
Common shares issued upon redemption of common units		$ 7	11,663					(11,670)
Common shares issued upon redemption of common units, shares		703,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(205)			(205)
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		92,000
Dividends and distributions	(34,655)			(32,047)				(2,608)
Contributions from noncontrolling interests	54,812						54,812
Distributions to noncontrolling interests	(14,855)					(7,053)	(7,802)
Change in value of interest rate swaps and interest rate caps	(17,630)				(16,450)			(1,180)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	(2,703)				(2,521)			(182)
Amortization of equity awards	14,011		923					13,088
Reallocation of noncontrolling interest			(70,255)					70,255
Ending balance at Sep. 30, 2023	4,309,965	$ 2,172	4,128,492	(730,777)	29,325	410,944	162,973	306,836
Common stock, shares outstanding at Sep. 30, 2023		217,354,000
Beginning balance at Jun. 30, 2023	4,348,013	$ 2,172	4,183,662	(714,785)	36,431	407,647	183,988	248,898
Common stock, shares outstanding at Jun. 30, 2023		217,306,000
Net (loss) income	(25,061)			(8,385)		4,887	(20,934)	(629)
Common shares issued upon redemption of common units			793					(793)
Common shares issued upon redemption of common units, shares		50,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		(2,000)
Dividends and distributions	(8,357)			(7,607)				(750)
Contributions from noncontrolling interests	1,458						1,458
Distributions to noncontrolling interests	(3,129)					(1,590)	(1,539)
Change in value of interest rate swaps and interest rate caps	(6,105)				(5,679)			(426)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	(1,534)				(1,427)			(107)
Amortization of equity awards	4,680		299					4,381
Reallocation of noncontrolling interest			(56,262)					56,262
Ending balance at Sep. 30, 2023	4,309,965	$ 2,172	4,128,492	(730,777)	29,325	410,944	162,973	306,836
Common stock, shares outstanding at Sep. 30, 2023		217,354,000
Beginning balance at Dec. 31, 2023	$ 4,014,888	$ 2,173	4,133,801	(943,935)	11,246	413,925	110,589	287,089
Common stock, shares outstanding at Dec. 31, 2023	217,366,089	217,366,000
Net (loss) income	$ 9,668			(7,642)		18,434	(408)	(716)
Common shares issued upon redemption of common units		$ 2	2,071					(2,073)
Common shares issued upon redemption of common units, shares		142,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(178)			(178)
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		11,000
Dividends and distributions	(16,758)			(15,218)				(1,540)
Contributions from noncontrolling interests	63,109					62,220	889
Distributions to noncontrolling interests	(20,755)					(2,444)	(18,311)
Change in value of interest rate swaps and interest rate caps	(14,241)				(13,044)			(1,197)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	38				36			2
Amortization of equity awards	15,635		748					14,887
Reallocation of noncontrolling interest			3,807					(3,807)
Ending balance at Sep. 30, 2024	$ 4,051,406	$ 2,175	4,140,427	(966,973)	(1,762)	492,135	92,759	292,645
Common stock, shares outstanding at Sep. 30, 2024	217,518,587	217,519,000
Beginning balance at Jun. 30, 2024	$ 4,055,663	$ 2,173	4,135,472	(957,285)	1,553	485,983	93,340	294,427
Common stock, shares outstanding at Jun. 30, 2024		217,455,000
Net (loss) income	(4,203)			(9,688)		6,959	(581)	(893)
Common shares issued upon redemption of common units		$ 2	954					(956)
Common shares issued upon redemption of common units, shares		66,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		(2,000)
Distributions to noncontrolling interests	(807)					(807)
Change in value of interest rate swaps and interest rate caps	(3,586)				(3,285)			(301)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	(34)				(30)			(4)
Amortization of equity awards	4,373		239					4,134
Reallocation of noncontrolling interest			3,762					(3,762)
Ending balance at Sep. 30, 2024	$ 4,051,406	$ 2,175	$ 4,140,427	$ (966,973)	$ (1,762)	$ 492,135	$ 92,759	$ 292,645
Common stock, shares outstanding at Sep. 30, 2024	217,518,587	217,519,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parentheticals) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends and distributions, Per share and unit	$ 0.035	$ 0.07	$ 0.1475

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net income (loss)	$ 9,668,000	$ (99,576,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	182,920,000	181,778,000
Straight-lining of rental revenue	(5,300,000)	(1,305,000)
Amortization of stock-based compensation expense	15,635,000	14,011,000
Amortization of deferred financing costs	7,622,000	4,630,000
Loss from unconsolidated joint ventures	3,098,000	63,138,000
Distributions of earnings from unconsolidated joint ventures	372,000	354,000
Realized and unrealized losses on real estate related fund investments	775,000	46,775,000
(Income) loss from unconsolidated real estate related funds	(199,000)	867,000
Distributions of earnings from unconsolidated real estate related funds	141,000	84,000
Amortization of above and below-market leases, net	(4,351,000)	(3,929,000)
Non-cash gain on extinguishment of IPO related tax liability	(15,437,000)	0
Other non-cash adjustments	180,000	526,000
Changes in operating assets and liabilities:
Real estate related fund investments	0	(9,631,000)
Accounts and other receivables	(609,000)	9,526,000
Deferred charges	(7,163,000)	(5,874,000)
Other assets	(26,340,000)	(19,734,000)
Accounts payable and accrued expenses	9,079,000	(9,738,000)
Other liabilities	6,479,000	3,695,000
Net cash provided by operating activities	176,570,000	175,597,000
Cash Flows from Investing Activities:
Additions to real estate	(85,231,000)	(67,373,000)
Proceeds from repayment of a mezzanine loan investment	10,000,000	0
Investments in and contributions of capital to unconsolidated joint ventures	(1,904,000)	(40,715,000)
Distribution of capital from an unconsolidated joint venture	1,792,000	0
Advances to a partner in One Steuart Lane	0	(35,715,000)
Repayment of advances by a partner in One Steuart Lane	0	38,935,000
Contributions of capital to unconsolidated real estate related funds	0	(2,077,000)
Net cash used in investing activities	(75,343,000)	(106,945,000)
Cash Flows from Financing Activities:
Repayment of notes and mortgages payable	(975,000,000)	(273,000,000)
Proceeds from notes and mortgages payable	850,000,000	232,050,000
Debt issuance costs	(10,649,000)	(576,000)
Contributions from noncontrolling interests in consolidated joint ventures	62,220,000	0
Distributions to noncontrolling interests in consolidated joint ventures	(2,444,000)	(7,053,000)
Contributions from noncontrolling interests in consolidated real estate related funds	889,000	54,812,000
Distributions to noncontrolling interests in consolidated real estate related funds	(18,311,000)	(7,802,000)
Dividends paid to common stockholders	(22,826,000)	(41,267,000)
Distributions paid to common unitholders	(2,292,000)	(3,058,000)
Repurchase of shares related to stock compensation agreements and related tax withholdings	(178,000)	(205,000)
Settlement of accounts payable in connection with repurchases of common shares	0	(1,847,000)
Net cash used in financing activities	(118,591,000)	(47,946,000)
Net (decrease) increase in cash and cash equivalents and restricted cash	(17,364,000)	20,706,000
Cash and cash equivalents and restricted cash at beginning of period	509,599,000	449,817,000
Cash and cash equivalents and restricted cash at end of period	492,235,000	470,523,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	428,208,000	408,905,000
Restricted cash at beginning of period	81,391,000	40,912,000
Cash and cash equivalents and restricted cash at beginning of period	509,599,000	449,817,000
Cash and cash equivalents at end of period	318,725,000	399,631,000
Restricted cash at end of period	173,510,000	70,892,000
Cash and cash equivalents and restricted cash at end of period	492,235,000	470,523,000
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest	116,298,000	106,633,000
Cash payments for income taxes, net of refunds	1,036,000	723,000
Non-Cash Transactions:
Write-off of fully amortized and/or depreciated assets	35,875,000	22,274,000
Change in value of interest rate swaps and interest rate caps	(14,241,000)	(17,630,000)
Additions to real estate included in accounts payable and accrued expenses	9,240,000	10,165,000
Common shares issued upon redemption of common units	2,073,000	11,670,000
Dividends and distributions declared but not yet paid	$ 0	$ 8,357,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (9,688)	$ (8,385)	$ (7,642)	$ (54,194)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Non Rule 10b5-1 Arrangement Modified	false
Rule 10b5-1 Arrangement Modified	false

Organization and Business

Organization and Business	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization And Business	1. Organization and Business As used in these consolidated financial statements, unless otherwise indicated, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 91.6 % of, the Operating Partnership as of September 30, 2024. As of September 30, 2024 , we own and/or manage 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 and theater 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	9 Months Ended
	Sep. 30, 2024
Basis Of Presentation And Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. In the opinion of management, all significant adjustments (which include only normal recurring adjustments) and eliminations (which include intercompany balances and transactions) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. The consolidated balance sheet as of December 31, 2023 was derived from audited financial statements as of that date but does not include all information and disclosures required by GAAP. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC. Significant Accounting Policies There are no material changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023. Use of Estimates We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the operating results for the full year. Certain prior year balances have been reclassified to conform to current year presentation. Recently Issued Accounting Pronouncements In August 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05, an update to Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. ASU 2023-05 clarifies existing guidance by requiring a joint venture to recognize and initially measure assets contributed and liabilities assumed at fair value, upon its formation in the joint venture’s separate financial statements. These amendments are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025, with early adoption permitted. We will apply the provisions of ASU 2023-05 to new joint ventures, as applicable, but do not believe the adoption of ASU 2023-05 will have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, an update to ASC Topic 280, Segment Reporting . ASU 2023-07 enhances the segment reporting by requiring disclosures of (i) the significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, (ii) the composition of the other segment items, including the nature and type of the other segment items, and (iii) the title and position of the CODM. ASU 2023-07 is effective for our year ending December 31, 2024 and for our interim periods that begin on January 1, 2025, with early adoption permitted. While we do not believe the adoption of ASU 2023-07 will have a material impact on our consolidated financial statements, it may result in additional disclosures on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, an update to ASC Topic 740, Income Taxes . ASU 2023-09 enhances income tax disclosures by expanding the effective tax rate reconciliation and requiring disaggregated income tax information by jurisdictions. ASU 2023-09 is effective for fiscal years that begin after December 15, 2024, with early adoption permitted. We are evaluating the impact of ASU 2023-09 on our consolidated financial statements. In March 2024, the SEC issued final rules on the enhancement and standardization of climate-related disclosures, and in April 2024, as a result of pending legal challenges, the SEC voluntarily stayed the new rules. The rules require disclosures relating to (i) material climate-related risks, (ii) governance and management of such risks and (iii) greenhouse gas emissions. Additionally, the rules require disclosure of the effects of severe weather events and other natural conditions, subject to certain materiality thresholds, in the notes to the financial statements. The requirements in the rule will be phased in starting with our Annual Report on Form 10-K for the year ending December 31, 2025. We are evaluating the impact of the new rules on our consolidated financial statements and the related disclosures.

Consolidated Real Estate Relate

Consolidated Real Estate Related Funds	9 Months Ended
	Sep. 30, 2024
Consolidated Real Estate Fund [Abstract]
Consolidated Real Estate Related Funds	3. Consolidated Real Estate Related Funds Real Estate Related Fund Investments (Fund X) Real estate related fund investments on our consolidated balance sheets represent the investments of Paramount Group Real Estate Fund X, LP (“Fund X”), which invests in mezzanine loans. We are the general partner and investment manager of Fund X and own a 13.0 % interest in the fund. The following table sets forth the details of income or loss from real estate related fund investments for the three and nine months ended September 30, 2024 and 2023. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Net investment (loss) income $ ( 22 ) $ 2,032 $ 683 $ 9,741 Net realized losses - - - ( 1,224 ) Net unrealized income (losses) - 28 ( 775 ) ( 45,551 ) (Loss) income from real estate related fund investments ( 22 ) 2,060 ( 92 ) ( 37,034 ) Less: noncontrolling interests in consolidated real 19 ( 1,517 ) 93 33,056 (Loss) income from real estate related fund $ ( 3 ) $ 543 $ 1 $ ( 3,978 ) Residential Development Fund (“RDF”) We are also the general partner of RDF in which we own a 7.4 % interest. RDF owns a 35.0 % interest in One Steuart Lane, a for-sale residential condominium project, in San Francisco, California. We consolidate the financial results of RDF into our consolidated financial statements and reflect the 92.6 % interest that we do not own as noncontrolling interests in consolidated real estate related funds. RDF accounts for its 35.0 % interest in One Steuart Lane under the equity method of accounting. Accordingly, our economic interest in One Steuart Lane (based on our 7.4 % ownership interest in RDF) is 2.6 %. See Note 5, Investments in Unconsolidated Joint Ventures .

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Related Funds	9 Months Ended
	Sep. 30, 2024
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Related Funds	4. 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. As of September 30, 2024 , our ownership interest in Fund VIII was approximately 1.3 %. We account for our investment in Fund VIII under the equity method of accounting. As of September 30, 2024 and December 31, 2023, our share of the investments in the unconsolidated real estate related funds was $ 4,607,000 and $ 4,549,000 , respectively, which is reflected as “investments in unconsolidated real estate related funds” on our consolidated balance sheets. We recognized income of $ 109,000 and $ 199,000 during the three and nine months ended September 30, 2024, respectively, and loss of $ 721,000 and $ 867,000 during the three and nine months ended September 30, 2023, respectively, for our share of earnings, which is reflected as “ income (loss) from unconsolidated real estate related funds” in our consolidated statements of income.

Investments in Unconsolidated J

Investments in Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Joint Ventures	5. Investments in Unconsolidated Joint Ventures On March 29, 2024, the joint venture that owns 60 Wall Street, in which we have a 5.0 % ownership interest, modified the existing $ 575,000,000 non-recourse mortgage loan and extended the maturity to May 2029 . In connection with the modification, the loan was split into (i) a $ 316,250,000 A-Note that bears interest at Term Secured Overnight Financing Rate (“SOFR”) plus 245 basis points, of which 4.0 % is current pay and the remaining is accrued, and (ii) a $ 258,750,000 B-Note that accrues interest at 12.0 %. The joint venture plans to redevelop the property and all amounts funded by the joint venture will be senior to the B-Note and all accrued interest. On April 30, 2024, the joint venture that owns 111 Sutter Street, in which we have a 49.0 % ownership interest, modified the existing $ 164,775,000 non-recourse mortgage loan to extend the maturity date to December 2025 . The loan bears interest at a rate of SOFR plus 215 basis points and all interest shortfalls will continue to accrue to the principal balance of the loan. On August 13, 2024, the joint venture that owns Market Center, in which we have a 67.0 % ownership interest, defaulted on the $ 416,544,000 non-recourse mortgage loan securing the property. The loan bears interest at SOFR plus 161 basis points and is scheduled to mature in January 2025 . The following tables summarize our investments in unconsolidated joint ventures as of the dates thereof and the income or loss from these investments for the periods set forth below. (Amounts in thousands) Paramount As of Our Share of Investments: Ownership September 30, 2024 December 31, 2023 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center (1) 67.0 % - - 55 Second Street (2) 44.1 % 29,731 30,322 111 Sutter Street (1) 49.0 % - - 1600 Broadway (2) 9.2 % 8,274 8,646 60 Wall Street (3) 5.0 % 327 - One Steuart Lane (2) 35.0 % (4) 87,329 89,949 Oder-Center, Germany (2) 9.5 % 3,258 3,322 Investments in unconsolidated joint ventures $ 128,919 $ 132,239 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Our Share of Net (Loss) Income: 2024 2023 2024 2023 712 Fifth Avenue (1) $ - $ - $ - $ - Market Center (1) - ( 3,248 ) - ( 8,482 ) 55 Second Street (2) ( 225 ) ( 642 ) ( 590 ) ( 1,780 ) 111 Sutter Street (1) - - - - 1600 Broadway (2) - 1 1 1 60 Wall Street (3) 55 - ( 1,576 ) ( 25,001 ) One Steuart Lane (2) ( 721 ) ( 25,037 ) (5) ( 828 ) ( 27,811 ) (5) Oder-Center, Germany (2) ( 90 ) ( 48 ) ( 105 ) ( 65 ) Loss from unconsolidated joint ventures $ ( 981 ) $ ( 28,974 ) $ ( 3,098 ) $ ( 63,138 ) (1) At September 30, 2024, our basis in the joint ventures that own 712 Fifth Avenue, Market Center and 111 Sutter Street were negative. Since we have no further obligation to fund additional capital to these joint ventures, we have discontinued the equity method of accounting, and accordingly, we no longer recognize our proportionate share of earnings. Instead, we recognize income only to the extent we receive cash distributions from the joint ventures and recognize losses to the extent we make cash contributions to the joint ventures. (2) As of September 30, 2024, the carrying amount of our investments in 55 Second Street, 1600 Broadway, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $ 457 , $ 300 , $ 564 and $ 4,033 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) In the second quarter of 2023, the joint venture recognized a $ 455,893 real estate impairment loss. Accordingly, we recognized a $ 24,734 impairment loss on our investment in 60 Wall Street. This impairment, together with our share of operating losses recognized in that quarter, reduced our investment balance below zero as of June 30, 2023. As a result, in the second quarter of 2023, we discontinued the equity method of accounting. In the first quarter of 2024, the non-recourse mortgage loan was modified and the joint venture committed to fund the development costs related to the project. As a result, in the first quarter of 2024, we resumed the equity method of accounting and recognized all previously deferred losses. (4) Represents RDF’s 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 %. (5) In the third quarter of 2023, One Steuart Lane recognized $ 68,407 of impairment losses related to residential condominium units, of which RDF’s share was $ 23,942 . The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of Balance Sheets: September 30, 2024 December 31, 2023 Real estate, net $ 1,606,587 $ 1,528,595 Cash and cash equivalents and restricted cash 157,328 167,355 Intangible assets, net 43,829 52,164 For-sale residential condominium units (1) 235,366 246,824 Deferred rent receivable 40,215 35,448 Other assets 43,852 48,731 Total assets $ 2,127,177 $ 2,079,117 Notes and mortgages payable, net $ 1,770,748 $ 1,744,706 Accounts payable and accrued expenses 61,749 92,770 Intangible liabilities, net 1,940 5,026 Other liabilities 74,602 5,692 Total liabilities 1,909,039 1,848,194 Equity 218,138 230,923 Total liabilities and equity $ 2,127,177 $ 2,079,117 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Income Statements: 2024 2023 2024 2023 Revenues: Rental revenue $ 35,374 $ 38,629 $ 106,557 $ 119,235 Other income (2) 2,188 874 20,432 6,492 Total revenues 37,562 39,503 126,989 125,727 Expenses: Operating (2) 23,985 92,348 (3) 80,345 142,039 (3) Depreciation and amortization 12,464 16,863 38,232 52,341 Total expenses 36,449 109,211 118,577 194,380 Other income (expense): Interest and other income 1,855 734 4,351 2,226 Interest and debt expense ( 14,782 ) ( 19,895 ) ( 44,729 ) ( 53,256 ) Gain on settlement of interest rate swap 2,498 - 2,498 - Real estate impairment loss - - - ( 455,893 ) (4) Loss before income taxes ( 9,316 ) ( 88,869 ) ( 29,468 ) ( 575,576 ) Income tax expense ( 1 ) ( 2 ) ( 26 ) ( 32 ) Net loss $ ( 9,317 ) $ ( 88,871 ) $ ( 29,494 ) $ ( 575,608 ) (1) Represents 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) Includes $ 68,407 of impairment losses related to condominium units at One Steuart Lane, of which RDF’s share was $ 23,942 . See note 5 on page 13 . (4) Represents real estate impairment loss related to 60 Wall Street, of which our share was $ 24,734 . See note 3 on page 13 .

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	6. Intangible Assets and Liabilities The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below. As of (Amounts in thousands) September 30, 2024 December 31, 2023 Intangible assets: Gross amount $ 205,945 $ 262,541 Accumulated amortization ( 151,820 ) ( 194,536 ) $ 54,125 $ 68,005 Intangible liabilities: Gross amount $ 125,619 $ 136,820 Accumulated amortization ( 103,154 ) ( 108,817 ) $ 22,465 $ 28,003 For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Amortization of above and below-market leases, net $ 1,379 $ 1,445 $ 4,351 $ 3,929 Amortization of acquired in-place leases 2,970 4,635 12,070 13,706 The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the three-month period from October 1, 2024 through December 31, 2024, and each of the five succeeding years commencing from January 1, 2025. (Amounts in thousands) Above and In-Place Leases 2024 $ 1,318 $ 3,256 2025 4,350 10,070 2026 2,977 7,190 2027 2,665 6,546 2028 2,584 6,467 2029 2,146 5,810

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	7. Debt On February 1, 2024, we, together with our joint venture partner, modified and extended the existing non-recourse mortgage loan at One Market Plaza, a 1.6 million square-foot two-building trophy asset in San Francisco, California. The existing $ 975,000,000 loan, which bore interest at a fixed rate of 4.03 %, was scheduled to mature on February 6, 2024 . In connection with the modification, the loan balance was reduced to $ 850,000,000 , following a $ 125,000,000 paydown by the joint venture, of which our 49.0 % share was $ 61,250,000 . The modified loan bears interest at a fixed rate of 4.08 %, matures in February 2027 and has an option to extend for an additional year, subject to certain conditions. The following table summarizes our consolidated outstanding debt. Interest Rate Paramount Maturity Fixed/ as of As of (Amounts in thousands) Ownership Date Variable Rate September 30, 2024 September 30, 2024 December 31, 2023 Notes and mortgages payable: 1633 Broadway 90.0 % Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza 49.0 % Feb-2027 Fixed 4.08 % 850,000 975,000 1301 Avenue of the Americas 100.0 % Aug-2026 SOFR + 277 bps (1) 6.27 % 860,000 860,000 31 West 52nd Street 100.0 % Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street 31.1 % Oct-2026 Fixed 4.50 % 232,050 232,050 Total notes and mortgages payable 4.21 % 3,692,050 3,817,050 Less: unamortized deferred financing costs ( 17,683 ) ( 13,566 ) Total notes and mortgages payable, net $ 3,674,367 $ 3,803,484 $750 Million Revolving 100.0 % Mar-2026 SOFR + 135 bps n/a $ - $ - (1) Represents variable rate loans, where SOFR has been capped at 3.50 % through August 2025. See Note 8, Derivative Instruments and Hedging Activities .

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	8. Derivative Instruments and Hedging Activities Prior to August 2024, we had interest rate swap agreements with an aggregate notional amount of $ 500,000,000 to fix SOFR at 0.49 % through August 2024. We also had interest rate cap agreements with an aggregate notional amount of $ 360,000,000 to cap SOFR at 4.50 % through August 2024. In August 2024, upon the expiration of these agreements, we entered into new interest rate cap agreements with an aggregate notional amount of $ 860,000,000 to cap SOFR at 3.50 % through August 2025. 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 losses of $ 3,586,000 and $ 6,105,000 for the three months ended September 30, 2024 and 2023, respectively, and $ 14,241,000 and $ 17,630,000 for the nine months ended September 30, 2024 and 2023, respectively, from the changes in the fair value of these derivative financial instruments, which are recorded as a component of other comprehensive loss in our consolidated financial statements. See Note 10, Accumulated Other Comprehensive (Loss) Income . During the next twelve months, we estimate that $ 2,128,000 of the amounts to be recognized in accumulated other comprehensive (loss) income will be reclassified as an increase to interest expense. The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges. Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 SOFR 0.49 % $ - $ 13,726 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ - $ 13,726 Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 860,000 Aug-2024 Aug-2025 SOFR 3.50 % $ 4,342 $ - 1301 Avenue of the Americas 360,000 Aug-2023 Aug-2024 SOFR 4.50 % - 1,263 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 4,342 $ 1,263

Equity

Equity	9 Months Ended
	Sep. 30, 2024
Stockholders' Equity Note [Abstract]
Equity	9. Equity Stock Repurchase Program We currently have $ 15,000,000 of capacity under a $ 200,000,000 stock repurchase program which was approved by our board of directors in November 2019. We did no t repurchase any shares in the nine months ended September 30, 2024 . The amount and timing of 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 (Loss) Income	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive (Loss) Income	10. Accumulated Other Comprehensive (Loss) Income The following table sets forth changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2024 and 2023, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Amount of (loss) income related to the cash flow hedges recognized (1) $ ( 876 ) $ 1,804 $ 1,008 $ 6,254 Amounts reclassified from accumulated other comprehensive (1) ( 2,710 ) ( 7,909 ) ( 15,249 ) ( 23,884 ) Amount of (loss) income related to unconsolidated joint ventures ( 34 ) 1,055 (2) 38 4,196 (2) Amounts reclassified from accumulated other comprehensive - ( 2,589 ) (2) - ( 6,899 ) (2) (1) Represents amounts related to interest rate caps and interest rate swaps which were designated as cash flow hedges. (2) Primarily represents amounts related to our share of an unconsolidated joint venture’s interest rate swap which was designated as a cash flow hedge.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2024
Noncontrolling Interest [Abstract]
Noncontrolling Interests	11. Noncontrolling Interests Consolidated Joint Ventures Noncontrolling interests in consolidated joint ventures consist of equity interests held by third parties in 1633 Broadway, One Market Plaza and 300 Mission Street. As of September 30, 2024 and December 31, 2023, noncontrolling interests in our consolidated joint ventures aggregated $ 492,135,000 and $ 413,925,000 , respectively. Consolidated Real Estate Related Funds Noncontrolling interests in our consolidated real estate related funds consist of equity interests held by third parties in RDF and Fund X. As of September 30, 2024 and December 31, 2023, the noncontrolling interests in our consolidated real estate related funds aggregated $ 92,759,000 and $ 110,589,000 , respectively. Operating Partnership Noncontrolling interests in the Operating Partnership represent common units of the Operating Partnership that are held by third parties, including management, and units issued to management under equity incentive plans. Common units of the Operating Partnership may be tendered for redemption to the Operating Partnership for cash. We, at our option, may assume that obligation and pay the holder either cash or common shares on a one-for-one basis. Since the number of common shares outstanding is equal to the number of common units owned by us, the redemption value of each common unit is equal to the market value of each common share and distributions paid to each common unitholder is equivalent to dividends paid to common stockholders. As of September 30, 2024 and December 31, 2023, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $ 292,645,000 and $ 287,089,000 , respectively, and a redemption value of $ 98,587,000 and $ 100,650,000 , respectively, based on the closing share price of our common stock on the New York Stock Exchange at the end of each period.

Variable Interest Entities ("VI

Variable Interest Entities ("VIEs")	9 Months Ended
	Sep. 30, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities ("VIEs")	12. 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 91.6 % of, the Operating Partnership as of September 30, 2024. The Operating Partnership is considered a VIE and is consolidated in our consolidated financial statements. Since we conduct our business through and substantially all of our interests are held by the Operating Partnership, the assets and liabilities on our consolidated financial statements represent the assets and liabilities of the Operating Partnership. As of September 30, 2024 and December 31, 2023, 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 (Amounts in thousands) September 30, 2024 December 31, 2023 Real estate, net $ 3,220,763 $ 3,284,532 Cash and cash equivalents and restricted cash 237,622 176,354 Accounts and other receivables 11,664 10,005 Real estate related fund investments - 775 Investments in unconsolidated joint ventures 87,329 89,949 Deferred rent receivable 197,284 207,938 Deferred charges, net 40,198 45,190 Intangible assets, net 30,824 38,209 Other assets 21,754 7,374 Total VIE assets $ 3,847,438 $ 3,860,326 Notes and mortgages payable, net $ 2,319,284 $ 2,450,401 Accounts payable and accrued expenses 58,632 48,952 Intangible liabilities, net 13,740 17,180 Other liabilities 5,436 5,852 Total VIE liabilities $ 2,397,092 $ 2,522,385 Unconsolidated VIEs As of September 30, 2024 , the Operating Partnership held variable interests in entities that own our unconsolidated real estate related funds and an unconsolidated joint venture that were deemed to be VIEs. The following table summarizes our investments in these entities and the maximum risk of loss from these investments. As of (Amounts in thousands) September 30, 2024 December 31, 2023 Investments in unconsolidated real estate funds $ 4,607 $ 4,549 Investment in unconsolidated joint venture 327 - Asset management fees and other receivables 555 18 Maximum risk of loss $ 5,489 $ 4,567

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	13. Fair Value Measurements Financial Assets Measured at Fair Value The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy. As of September 30, 2024 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate cap assets (included in "other assets") $ 4,342 $ - $ 4,342 $ - Total assets $ 4,342 $ - $ 4,342 $ - As of December 31, 2023 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap and cap assets (included in "other assets") $ 14,989 $ - $ 14,989 $ - Total assets $ 14,989 $ - $ 14,989 $ - Real Estate Related Fund Investments Real estate related fund investments are comprised of investments in mezzanine loans made by Fund X. The investments are measured at fair value on our consolidated balance sheets and are classified as Level 3. As of September 30, 2024 and December 31, 2023, the fair value of the investments was $ 0 . The table below summarizes the changes in the fair value of real estate related fund investments for the three and nine months ended September 30, 2023. For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, 2023 September 30, 2023 Beginning balance $ 66,606 $ 105,369 Additional investments 1,591 9,631 Net realized losses - ( 1,224 ) Net unrealized gains (losses) 28 ( 45,551 ) Ending balance $ 68,225 $ 68,225 Financial Liabilities Not Measured at Fair Value Financial liabilities not measured at fair value on our consolidated balance sheets consist of notes and mortgages payable and the revolving credit facility. The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of September 30, 2024 As of December 31, 2023 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,692,050 $ 3,436,785 $ 3,817,050 $ 3,517,549 Revolving credit facility - - - - Total liabilities $ 3,692,050 $ 3,436,785 $ 3,817,050 $ 3,517,549

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	14. Leases We lease office, retail and storage space to tenants, primarily under non-cancellable operating leases which generally have terms ranging from five to fifteen years . Most of our leases provide tenants with extension options at either fixed or market rates and few of our leases provide tenants with options to early terminate, but such options generally impose an economic penalty on the tenant upon exercising. Rental revenue is recognized in accordance with ASC Topic 842, Leases , and includes (i) fixed payments of cash rents, which represent 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 are recognized in the same period as the expenses are incurred, (iii) amortization of acquired above and below-market leases, net and (iv) lease termination income. The following table sets forth the details of our rental revenue. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Rental revenue: Fixed $ 156,190 $ 160,107 $ 475,420 $ 474,931 Variable 28,045 22,408 68,216 54,803 Total rental revenue $ 184,235 $ 182,515 $ 543,636 $ 529,734 The following table is a schedule of future undiscounted cash flows under non-cancellable operating leases in effect as of September 30, 2024, for the three-month period from October 1, 2024 through December 31, 2024, and each of the five succeeding years and thereafter commencing January 1, 2025. (Amounts in thousands) 2024 $ 150,933 2025 584,675 2026 512,175 2027 456,147 2028 451,922 2029 431,564 Thereafter 1,736,414 Total $ 4,323,830

Fee and Other Income

Fee and Other Income	9 Months Ended
	Sep. 30, 2024
Revenues [Abstract]
Fee and Other Income	15. Fee and Other Income The following table sets forth the details of our fee and other income. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Fee income: Asset management $ 2,134 $ 2,459 $ 6,756 $ 6,960 Property management 1,695 1,810 5,096 5,503 Acquisition, disposition, leasing and other 2,947 304 5,476 1,643 Total fee income 6,776 4,573 17,328 14,106 Other income (1) 3,888 2,093 10,220 6,477 Total fee and other income $ 10,664 $ 6,666 $ 27,548 $ 20,583 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.

Interest and Other Income, net

Interest and Other Income, net	9 Months Ended
	Sep. 30, 2024
Interest and Other Income [Abstract]
Interest and Other Income, net	16. Interest and Other Income, net The following table sets forth the details of interest and other income, net. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Interest income, net $ 3,517 $ 4,115 $ 11,393 $ 10,007 Non-cash gain on extinguishment of IPO - - 15,437 - Total interest and other income, net $ 3,517 $ 4,115 $ 26,830 $ 10,007

Interest and Debt Expense

Interest and Debt Expense	9 Months Ended
	Sep. 30, 2024
Interest and Debt Expense [Abstract]
Interest and Debt Expense	17. Interest and Debt Expense The following table sets forth the details of interest and debt expense. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Interest expense $ 41,178 $ 37,549 $ 116,456 $ 107,810 Amortization of deferred financing costs 2,627 1,553 7,622 4,630 Total interest and debt expense $ 43,805 $ 39,102 $ 124,078 $ 112,440

Incentive Compensation

Incentive Compensation	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Incentive Compensation	18. Incentive Compensation Stock-Based Compensation On May 16, 2024, our shareholders approved the 2024 Equity Incentive Plan (the “2024 Plan”), which allows for a maximum of 24,778,731 shares to be issued under the plan. The 2024 Plan, which is scheduled to expire in March 2034 , replaced our Amended and Restated 2014 Equity Incentive Plan. The 2024 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 Time-Based LTIP units, Performance-Based LTIP units, Time-Based Appreciation Only LTIP units and Performance-Based Appreciation Only LTIP units. We account for all stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation . We recognized stock-based compensation expense of $ 4,373,000 and $ 4,680,000 for the three months ended September 30, 2024 and 2023, respectively, and $ 15,635,000 and $ 14,011,000 for the nine months ended September 30, 2024 and 2023, respectively, related to awards granted in prior periods. Completion of the 2021 Performance-Based Awards Program (“2021 Performance Program”) On December 31, 2023, the three-year performance measurement period for our 2021 Performance Program ended. On January 30, 2024, the Compensation Committee determined that only 24.2 %, or 409,046 of the LTIP units that were granted under the 2021 Performance Program, were earned. Of the LTIP units that were earned, 204,727 units vested immediately on January 30, 2024 and the remaining 204,319 units are scheduled to vest on December 31, 2024. As of September 30, 2024 , the 2021 Performance Program had $ 196,000 of unrecognized compensation cost, which will be amortized into expense over the remaining weighted-average service period of 0.25 years.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	19. Earnings Per Share The following table summarizes our net income or loss and the number of common shares used in the computation of basic and diluted income or 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 Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands, except per share amounts) 2024 2023 2024 2023 Numerator: Net loss attributable to common stockholders $ ( 9,688 ) $ ( 8,385 ) $ ( 7,642 ) $ ( 54,194 ) Earnings allocated to unvested participating securities - ( 10 ) ( 14 ) ( 40 ) Numerator for loss per common share - $ ( 9,688 ) $ ( 8,395 ) $ ( 7,656 ) $ ( 54,234 ) Denominator: Denominator for basic loss per common share - 217,315 217,043 217,209 216,872 Effect of dilutive stock-based compensation plans (1) - - - - Denominator for diluted loss per common share - 217,315 217,043 217,209 216,872 Loss per common share - basic and diluted $ ( 0.04 ) $ ( 0.04 ) $ ( 0.04 ) $ ( 0.25 ) (1) The effect of dilutive securities excludes 22,105 and 18,470 weighted average share equivalents for the three months ended September 30, 2024 and 2023, respectively, and 22,079 and 17,804 weighted average share equivalents for the nine months ended September 30, 2024 and 2023, respectively, as their effect was anti-dilutive.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Parties	20. 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 $ 195,000 and $ 262,000 for the three months ended September 30, 2024 and 2023 , respectively, and $ 562,000 and $ 791,000 for the nine months ended September 30, 2024 and 2023, respectively, in connection with these agreements, which is included as a component of “fee and other income” in our consolidated statements of income. As of September 30, 2024 and December 31, 2023, amounts owed to us under these agreements aggregated $ 52,000 and $ 40,000 , 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 $ 5,404,000 and $ 3,585,000 for the three months ended September 30, 2024 and 2023 , respectively, and $ 14,214,000 and $ 11,288,000 for the nine months ended September 30, 2024 and 2023, respectively, in connection with these agreements, which is included as a component of “fee and other income” in our consolidated statements of income. As of September 30, 2024 and December 31, 2023, amounts owed to us under these agreements aggregated $ 1,520,000 and $ 2,552,000 , 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”), a licensed broker in Germany, to supervise selling efforts for our joint ventures and private equity real estate related funds (or investments in feeder vehicles for these funds) to investors in Germany. Pursuant to this agreement, we have agreed to pay HTC for the costs incurred plus a mark-up of 10 %. HTC is 100 % owned by Albert Behler, our Chairman, Chief Executive Officer and President. We incurred costs aggregating $ 141,000 and $ 102,000 for the three months ended September 30, 2024 and 2023 , respectively, and $ 386,000 and $ 293,000 for the nine months ended September 30, 2024 and 2023, respectively, in connection with this agreement. As of September 30, 2024 and December 31, 2023, we owed $ 120,000 and $ 102,000 , 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, who is a member of our board of directors, leases 4,233 square feet at 1325 Avenue of the Americas, pursuant to a lease agreement that expires in November 2027. We recognized rental revenue of $ 71,000 and $ 69,000 for the three months ended September 30, 2024 and 2023 , respectively, and $ 212,000 and $ 207,000 for the nine months ended September 30, 2024 and 2023, respectively, pursuant to this lease. Mannheim Trust A subsidiary of Mannheim Trust leases 3,127 square feet of office space at 712 Fifth Avenue, our 50.0 % owned unconsolidated joint venture, pursuant to a lease agreement which expires in June 2025. The Mannheim Trust is for the benefit of the children of Dr. Martin Bussmann, who is a member of our board of directors. We recognized $ 30,000 in each of the three months ended September 30, 2024 and 2023 , respectively, and $ 89,000 and $ 154,000 for the nine months ended September 30, 2024 and 2023, respectively, for our share of rental income pursuant to this lease. Other We have entered into an agreement with Kramer Design Services (“Kramer Design”) to develop branding and signage for the Paramount Club at 1301 Avenue of the Americas. Kramer Design is 100 % owned by the spouse of Albert Behler, our Chairman, Chief Executive Officer and President. We incurred and paid Kramer Design $ 42,000 for the nine months ended September 30, 2024 , and $ 19,000 and $ 103,000 for the three and nine months ended September 30, 2023, respectively, in connection with services rendered pursuant to this agreement.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	21. 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 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 our 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, as well as cybersecurity incidents. While we do carry commercial general liability insurance, property insurance, terrorism insurance and cybersecurity insurance, 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 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, 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 consolidated mortgage debt agreements in place include certain restrictions and covenants which may limit, among other things, certain investments, the incurrence of additional indebtedness and liens and the disposition or other transfer of assets and interests in the borrower and other credit parties, and require compliance with certain debt yield, debt service coverage and loan to value ratios. In addition, our revolving credit facility contains representations, warranties, covenants, other agreements and events of default customary for agreements of this type with comparable companies. As of September 30, 2024, we believe we are in compliance with all of our covenants. On March 29, 2024, the joint venture that owns 60 Wall Street, in which we have a 5.0 % ownership interest, modified the existing $ 575,000,000 non-recourse mortgage loan and extended the maturity to May 2029 . In connection with the modification, the joint venture committed to redevelop the property and fund the necessary costs to complete the project. On behalf of the joint venture, we have provided the lender with certain guarantees, including a completion guarantee. We have agreements with our joint venture partners that indemnify us for their share of guarantees we provided. In accordance with GAAP, we are required to record a liability equal to the fair value of the obligations undertaken in issuing the guarantees and record an asset equal to the fair value of the indemnification we have received. As of September 30, 2024, we have a $ 7,914,000 asset and an $ 8,061,000 liability, which are included as a component of “other assets” and “other liabilities”, respectively, on our consolidated balance sheets. Transfer Tax Assessments During 2017, the New York City Department of Finance (“NYCDOF”) 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 (“IPO”). We disagreed with the assessment and strongly contested the Notices. While we estimated that the range of loss from these Notices could be between $ 0 and $ 62,500,000 , we concluded, after consultation with legal counsel, that it was not possible to predict any estimate within that range and as such we did not accrue any liability in our consolidated financial statements for potential losses that may arise relating to such Notices. In February 2024, the NYCDOF completed its assessment and concluded that no additional taxes were due.

Segments

Segments	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segments	22. 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 CODM, makes key operating decisions, evaluates financial results and manages our business. The following tables provide Paramount's share of Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Three Months Ended September 30, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 188,123 $ 116,383 $ 71,523 $ 217 Property-related operating expenses ( 80,316 ) ( 55,612 ) ( 23,498 ) ( 1,206 ) NOI attributable to noncontrolling interests in ( 23,723 ) ( 2,424 ) ( 21,299 ) - NOI from unconsolidated joint ventures (1) 5,384 3,407 2,018 ( 41 ) Paramount's share of NOI (2) $ 89,468 $ 61,754 $ 28,744 $ ( 1,030 ) For the Three Months Ended September 30, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 184,608 $ 118,749 $ 66,252 $ ( 393 ) Property-related operating expenses ( 75,502 ) ( 52,470 ) ( 22,447 ) ( 585 ) NOI attributable to noncontrolling interests in ( 22,275 ) ( 3,049 ) ( 19,226 ) - NOI from unconsolidated joint ventures (1) 5,240 3,376 1,865 ( 1 ) Paramount's share of NOI (2) $ 92,071 $ 66,606 $ 26,444 $ ( 979 ) For the Nine Months Ended September 30, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 553,856 $ 347,669 $ 206,337 $ ( 150 ) Property-related operating expenses ( 226,248 ) ( 156,992 ) ( 66,391 ) ( 2,865 ) NOI attributable to noncontrolling interests in ( 70,532 ) ( 7,600 ) ( 62,932 ) - NOI from unconsolidated joint ventures (1) 16,611 10,442 6,128 41 Paramount's share of NOI (2) $ 273,687 $ 193,519 $ 83,142 $ ( 2,974 ) For the Nine Months Ended September 30, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 536,211 $ 342,812 $ 194,564 $ ( 1,165 ) Property-related operating expenses ( 216,889 ) ( 150,676 ) ( 64,529 ) ( 1,684 ) NOI attributable to noncontrolling interests in ( 67,551 ) ( 8,415 ) ( 59,136 ) - NOI from unconsolidated joint ventures (1) 16,048 10,143 5,847 58 Paramount's share of NOI (2) $ 267,819 $ 193,864 $ 76,746 $ ( 2,791 ) (1) Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street). (2) 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 include property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies. The following table provides a reconciliation of Paramount's share of NOI to net loss attributable to common stockholders for the periods set forth below. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Paramount's share of NOI $ 89,468 $ 92,071 $ 273,687 $ 267,819 NOI attributable to noncontrolling interests in 23,723 22,275 70,532 67,551 Adjustments to arrive to net loss: Fee income 6,776 4,573 17,328 14,106 Depreciation and amortization expense ( 60,071 ) ( 60,263 ) ( 182,920 ) ( 181,778 ) General and administrative expenses ( 16,672 ) ( 15,460 ) ( 49,938 ) ( 46,307 ) (Loss) income from real estate related fund investments ( 22 ) 2,060 ( 92 ) ( 37,034 ) Loss from unconsolidated joint ventures ( 981 ) ( 28,974 ) ( 3,098 ) ( 63,138 ) NOI from unconsolidated joint ventures (1) ( 5,384 ) ( 5,240 ) ( 16,611 ) ( 16,048 ) Interest and other income, net 3,517 4,115 26,830 10,007 Interest and debt expense ( 43,805 ) ( 39,102 ) ( 124,078 ) ( 112,440 ) Other, net ( 133 ) ( 853 ) ( 644 ) ( 1,190 ) (Loss) income before income taxes ( 3,584 ) ( 24,798 ) 10,996 ( 98,452 ) Income tax expense ( 619 ) ( 263 ) ( 1,328 ) ( 1,124 ) Net (loss) income ( 4,203 ) ( 25,061 ) 9,668 ( 99,576 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 6,959 ) ( 4,887 ) ( 18,434 ) ( 15,879 ) Consolidated real estate related funds 581 20,934 408 57,412 Operating Partnership 893 629 716 3,849 Net loss attributable to common stockholders $ ( 9,688 ) $ ( 8,385 ) $ ( 7,642 ) $ ( 54,194 ) (1) Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street). The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other September 30, 2024 $ 7,890,952 $ 5,175,797 $ 2,357,819 $ 357,336 December 31, 2023 8,006,215 5,214,504 2,342,395 449,316

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. In the opinion of management, all significant adjustments (which include only normal recurring adjustments) and eliminations (which include intercompany balances and transactions) necessary to present fairly the financial position, results of operations and changes in cash flows have been made. The consolidated balance sheet as of December 31, 2023 was derived from audited financial statements as of that date but does not include all information and disclosures required by GAAP. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC.
Significant Accounting Policies	Significant Accounting Policies There are no material changes to our significant accounting policies as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2023.
Use of Estimates	Use of Estimates We have made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. The results of operations for the three and nine months ended September 30, 2024 are not necessarily indicative of the operating results for the full year. Certain prior year balances have been reclassified to conform to current year presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-05, an update to Accounting Standards Codification (“ASC”) Topic 805, Business Combinations. ASU 2023-05 clarifies existing guidance by requiring a joint venture to recognize and initially measure assets contributed and liabilities assumed at fair value, upon its formation in the joint venture’s separate financial statements. These amendments are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025, with early adoption permitted. We will apply the provisions of ASU 2023-05 to new joint ventures, as applicable, but do not believe the adoption of ASU 2023-05 will have a material impact on our consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, an update to ASC Topic 280, Segment Reporting . ASU 2023-07 enhances the segment reporting by requiring disclosures of (i) the significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, (ii) the composition of the other segment items, including the nature and type of the other segment items, and (iii) the title and position of the CODM. ASU 2023-07 is effective for our year ending December 31, 2024 and for our interim periods that begin on January 1, 2025, with early adoption permitted. While we do not believe the adoption of ASU 2023-07 will have a material impact on our consolidated financial statements, it may result in additional disclosures on our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, an update to ASC Topic 740, Income Taxes . ASU 2023-09 enhances income tax disclosures by expanding the effective tax rate reconciliation and requiring disaggregated income tax information by jurisdictions. ASU 2023-09 is effective for fiscal years that begin after December 15, 2024, with early adoption permitted. We are evaluating the impact of ASU 2023-09 on our consolidated financial statements. In March 2024, the SEC issued final rules on the enhancement and standardization of climate-related disclosures, and in April 2024, as a result of pending legal challenges, the SEC voluntarily stayed the new rules. The rules require disclosures relating to (i) material climate-related risks, (ii) governance and management of such risks and (iii) greenhouse gas emissions. Additionally, the rules require disclosure of the effects of severe weather events and other natural conditions, subject to certain materiality thresholds, in the notes to the financial statements. The requirements in the rule will be phased in starting with our Annual Report on Form 10-K for the year ending December 31, 2025. We are evaluating the impact of the new rules on our consolidated financial statements and the related disclosures.

Consolidated Real Estate Rela_2

Consolidated Real Estate Related Funds (Tables)	9 Months Ended
	Sep. 30, 2024
Real Estate Fund [Abstract]
Summary of Income from Real Estate Related Fund Investments	The following table sets forth the details of income or loss from real estate related fund investments for the three and nine months ended September 30, 2024 and 2023. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Net investment (loss) income $ ( 22 ) $ 2,032 $ 683 $ 9,741 Net realized losses - - - ( 1,224 ) Net unrealized income (losses) - 28 ( 775 ) ( 45,551 ) (Loss) income from real estate related fund investments ( 22 ) 2,060 ( 92 ) ( 37,034 ) Less: noncontrolling interests in consolidated real 19 ( 1,517 ) 93 33,056 (Loss) income from real estate related fund $ ( 3 ) $ 543 $ 1 $ ( 3,978 )

Investments in Unconsolidated_2

Investments in Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2024
Summary of Financial Information of Unconsolidated Joint Ventures	The following tables summarize our investments in unconsolidated joint ventures as of the dates thereof and the income or loss from these investments for the periods set forth below. (Amounts in thousands) Paramount As of Our Share of Investments: Ownership September 30, 2024 December 31, 2023 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center (1) 67.0 % - - 55 Second Street (2) 44.1 % 29,731 30,322 111 Sutter Street (1) 49.0 % - - 1600 Broadway (2) 9.2 % 8,274 8,646 60 Wall Street (3) 5.0 % 327 - One Steuart Lane (2) 35.0 % (4) 87,329 89,949 Oder-Center, Germany (2) 9.5 % 3,258 3,322 Investments in unconsolidated joint ventures $ 128,919 $ 132,239 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Our Share of Net (Loss) Income: 2024 2023 2024 2023 712 Fifth Avenue (1) $ - $ - $ - $ - Market Center (1) - ( 3,248 ) - ( 8,482 ) 55 Second Street (2) ( 225 ) ( 642 ) ( 590 ) ( 1,780 ) 111 Sutter Street (1) - - - - 1600 Broadway (2) - 1 1 1 60 Wall Street (3) 55 - ( 1,576 ) ( 25,001 ) One Steuart Lane (2) ( 721 ) ( 25,037 ) (5) ( 828 ) ( 27,811 ) (5) Oder-Center, Germany (2) ( 90 ) ( 48 ) ( 105 ) ( 65 ) Loss from unconsolidated joint ventures $ ( 981 ) $ ( 28,974 ) $ ( 3,098 ) $ ( 63,138 ) (1) At September 30, 2024, our basis in the joint ventures that own 712 Fifth Avenue, Market Center and 111 Sutter Street were negative. Since we have no further obligation to fund additional capital to these joint ventures, we have discontinued the equity method of accounting, and accordingly, we no longer recognize our proportionate share of earnings. Instead, we recognize income only to the extent we receive cash distributions from the joint ventures and recognize losses to the extent we make cash contributions to the joint ventures. (2) As of September 30, 2024, the carrying amount of our investments in 55 Second Street, 1600 Broadway, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $ 457 , $ 300 , $ 564 and $ 4,033 , respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) In the second quarter of 2023, the joint venture recognized a $ 455,893 real estate impairment loss. Accordingly, we recognized a $ 24,734 impairment loss on our investment in 60 Wall Street. This impairment, together with our share of operating losses recognized in that quarter, reduced our investment balance below zero as of June 30, 2023. As a result, in the second quarter of 2023, we discontinued the equity method of accounting. In the first quarter of 2024, the non-recourse mortgage loan was modified and the joint venture committed to fund the development costs related to the project. As a result, in the first quarter of 2024, we resumed the equity method of accounting and recognized all previously deferred losses. (4) Represents RDF’s 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 %. (5) In the third quarter of 2023, One Steuart Lane recognized $ 68,407 of impairment losses related to residential condominium units, of which RDF’s share was $ 23,942 .
Unconsolidated Joint Ventures [Member]
Summary of Financial Information of Unconsolidated Joint Ventures	The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of Balance Sheets: September 30, 2024 December 31, 2023 Real estate, net $ 1,606,587 $ 1,528,595 Cash and cash equivalents and restricted cash 157,328 167,355 Intangible assets, net 43,829 52,164 For-sale residential condominium units (1) 235,366 246,824 Deferred rent receivable 40,215 35,448 Other assets 43,852 48,731 Total assets $ 2,127,177 $ 2,079,117 Notes and mortgages payable, net $ 1,770,748 $ 1,744,706 Accounts payable and accrued expenses 61,749 92,770 Intangible liabilities, net 1,940 5,026 Other liabilities 74,602 5,692 Total liabilities 1,909,039 1,848,194 Equity 218,138 230,923 Total liabilities and equity $ 2,127,177 $ 2,079,117 For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, September 30, Income Statements: 2024 2023 2024 2023 Revenues: Rental revenue $ 35,374 $ 38,629 $ 106,557 $ 119,235 Other income (2) 2,188 874 20,432 6,492 Total revenues 37,562 39,503 126,989 125,727 Expenses: Operating (2) 23,985 92,348 (3) 80,345 142,039 (3) Depreciation and amortization 12,464 16,863 38,232 52,341 Total expenses 36,449 109,211 118,577 194,380 Other income (expense): Interest and other income 1,855 734 4,351 2,226 Interest and debt expense ( 14,782 ) ( 19,895 ) ( 44,729 ) ( 53,256 ) Gain on settlement of interest rate swap 2,498 - 2,498 - Real estate impairment loss - - - ( 455,893 ) (4) Loss before income taxes ( 9,316 ) ( 88,869 ) ( 29,468 ) ( 575,576 ) Income tax expense ( 1 ) ( 2 ) ( 26 ) ( 32 ) Net loss $ ( 9,317 ) $ ( 88,871 ) $ ( 29,494 ) $ ( 575,608 ) (1) Represents 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) Includes $ 68,407 of impairment losses related to condominium units at One Steuart Lane, of which RDF’s share was $ 23,942 . See note 5 on page 13 . (4) Represents real estate impairment loss related to 60 Wall Street, of which our share was $ 24,734 . See note 3 on page 13 .

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets and Liabilities	The following tables summarize our intangible assets (acquired above-market leases and acquired in-place leases) and intangible liabilities (acquired below-market leases) and the related amortization as of the dates thereof and for the periods set forth below. As of (Amounts in thousands) September 30, 2024 December 31, 2023 Intangible assets: Gross amount $ 205,945 $ 262,541 Accumulated amortization ( 151,820 ) ( 194,536 ) $ 54,125 $ 68,005 Intangible liabilities: Gross amount $ 125,619 $ 136,820 Accumulated amortization ( 103,154 ) ( 108,817 ) $ 22,465 $ 28,003 For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Amortization of above and below-market leases, net $ 1,379 $ 1,445 $ 4,351 $ 3,929 Amortization of acquired in-place leases 2,970 4,635 12,070 13,706
Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases	The following table sets forth amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for the three-month period from October 1, 2024 through December 31, 2024, and each of the five succeeding years commencing from January 1, 2025. (Amounts in thousands) Above and In-Place Leases 2024 $ 1,318 $ 3,256 2025 4,350 10,070 2026 2,977 7,190 2027 2,665 6,546 2028 2,584 6,467 2029 2,146 5,810

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our consolidated outstanding debt. Interest Rate Paramount Maturity Fixed/ as of As of (Amounts in thousands) Ownership Date Variable Rate September 30, 2024 September 30, 2024 December 31, 2023 Notes and mortgages payable: 1633 Broadway 90.0 % Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza 49.0 % Feb-2027 Fixed 4.08 % 850,000 975,000 1301 Avenue of the Americas 100.0 % Aug-2026 SOFR + 277 bps (1) 6.27 % 860,000 860,000 31 West 52nd Street 100.0 % Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street 31.1 % Oct-2026 Fixed 4.50 % 232,050 232,050 Total notes and mortgages payable 4.21 % 3,692,050 3,817,050 Less: unamortized deferred financing costs ( 17,683 ) ( 13,566 ) Total notes and mortgages payable, net $ 3,674,367 $ 3,803,484 $750 Million Revolving 100.0 % Mar-2026 SOFR + 135 bps n/a $ - $ - (1) Represents variable rate loans, where SOFR has been capped at 3.50 % through August 2025. See Note 8, Derivative Instruments and Hedging Activities .

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Interest Rate Swap [Member]
Derivative [Line Items]
Schedule of Interest Rate Swaps and Interest Rate Caps	The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges. Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate September 30, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 SOFR 0.49 % $ - $ 13,726 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ - $ 13,726
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 September 30, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 860,000 Aug-2024 Aug-2025 SOFR 3.50 % $ 4,342 $ - 1301 Avenue of the Americas 360,000 Aug-2023 Aug-2024 SOFR 4.50 % - 1,263 Total interest rate cap assets designated as cash flow hedges (included in "other assets") $ 4,342 $ 1,263

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of Changes in Accumulated Other Comprehensive (Loss) Income by Component	The following table sets forth changes in accumulated other comprehensive (loss) income by component for the three and nine months ended September 30, 2024 and 2023, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Amount of (loss) income related to the cash flow hedges recognized (1) $ ( 876 ) $ 1,804 $ 1,008 $ 6,254 Amounts reclassified from accumulated other comprehensive (1) ( 2,710 ) ( 7,909 ) ( 15,249 ) ( 23,884 ) Amount of (loss) income related to unconsolidated joint ventures ( 34 ) 1,055 (2) 38 4,196 (2) Amounts reclassified from accumulated other comprehensive - ( 2,589 ) (2) - ( 6,899 ) (2) (1) Represents amounts related to interest rate caps and interest rate swaps which were designated as cash flow hedges. (2) Primarily represents amounts related to our share of an unconsolidated joint venture’s interest rate swap which was designated as a cash flow hedge.

Variable Interest Entities ("_2

Variable Interest Entities ("VIEs") (Tables)	9 Months Ended
	Sep. 30, 2024
Consolidated VIEs [Member]
Summary of Assets and Liabilities of Consolidated Variable Interest Entities	The following table summarizes the assets and liabilities of consolidated VIEs of the Operating Partnership. As of (Amounts in thousands) September 30, 2024 December 31, 2023 Real estate, net $ 3,220,763 $ 3,284,532 Cash and cash equivalents and restricted cash 237,622 176,354 Accounts and other receivables 11,664 10,005 Real estate related fund investments - 775 Investments in unconsolidated joint ventures 87,329 89,949 Deferred rent receivable 197,284 207,938 Deferred charges, net 40,198 45,190 Intangible assets, net 30,824 38,209 Other assets 21,754 7,374 Total VIE assets $ 3,847,438 $ 3,860,326 Notes and mortgages payable, net $ 2,319,284 $ 2,450,401 Accounts payable and accrued expenses 58,632 48,952 Intangible liabilities, net 13,740 17,180 Other liabilities 5,436 5,852 Total VIE liabilities $ 2,397,092 $ 2,522,385
Unconsolidated VIEs [Member]
Summary of Investments in Unconsolidated Real Estate Funds and Unconsolidated Joint Ventures and Maximum Risk of Loss from Investments	The following table summarizes our investments in these entities and the maximum risk of loss from these investments. As of (Amounts in thousands) September 30, 2024 December 31, 2023 Investments in unconsolidated real estate funds $ 4,607 $ 4,549 Investment in unconsolidated joint venture 327 - Asset management fees and other receivables 555 18 Maximum risk of loss $ 5,489 $ 4,567

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets Measured at Fair Value	The following table summarizes the fair value of our financial assets that are measured at fair value on our consolidated balance sheets as of the dates set forth below, based on their levels in the fair value hierarchy. As of September 30, 2024 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate cap assets (included in "other assets") $ 4,342 $ - $ 4,342 $ - Total assets $ 4,342 $ - $ 4,342 $ - As of December 31, 2023 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap and cap assets (included in "other assets") $ 14,989 $ - $ 14,989 $ - Total assets $ 14,989 $ - $ 14,989 $ -
Summary of Changes in Fair Value of Real Estate Related Fund Investments	The table below summarizes the changes in the fair value of real estate related fund investments for the three and nine months ended September 30, 2023. For the Three Months Ended For the Nine Months Ended (Amounts in thousands) September 30, 2023 September 30, 2023 Beginning balance $ 66,606 $ 105,369 Additional investments 1,591 9,631 Net realized losses - ( 1,224 ) Net unrealized gains (losses) 28 ( 45,551 ) Ending balance $ 68,225 $ 68,225
Summary of Carrying Amounts and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of September 30, 2024 As of December 31, 2023 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,692,050 $ 3,436,785 $ 3,817,050 $ 3,517,549 Revolving credit facility - - - - Total liabilities $ 3,692,050 $ 3,436,785 $ 3,817,050 $ 3,517,549

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Rental Revenues	The following table sets forth the details of our rental revenue. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Rental revenue: Fixed $ 156,190 $ 160,107 $ 475,420 $ 474,931 Variable 28,045 22,408 68,216 54,803 Total rental revenue $ 184,235 $ 182,515 $ 543,636 $ 529,734
Schedule of Future Undiscounted Cash Flows Under Non-Cancellable Operating Leases	The following table is a schedule of future undiscounted cash flows under non-cancellable operating leases in effect as of September 30, 2024, for the three-month period from October 1, 2024 through December 31, 2024, and each of the five succeeding years and thereafter commencing January 1, 2025. (Amounts in thousands) 2024 $ 150,933 2025 584,675 2026 512,175 2027 456,147 2028 451,922 2029 431,564 Thereafter 1,736,414 Total $ 4,323,830

Fee and Other Income (Tables)

Fee and Other Income (Tables)	9 Months Ended
	Sep. 30, 2024
Disaggregation of Revenue [Abstract]
Summary of Fee and Other Income	The following table sets forth the details of our fee and other income. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Fee income: Asset management $ 2,134 $ 2,459 $ 6,756 $ 6,960 Property management 1,695 1,810 5,096 5,503 Acquisition, disposition, leasing and other 2,947 304 5,476 1,643 Total fee income 6,776 4,573 17,328 14,106 Other income (1) 3,888 2,093 10,220 6,477 Total fee and other income $ 10,664 $ 6,666 $ 27,548 $ 20,583 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.

Interest and Other Income, net

Interest and Other Income, net (Tables)	9 Months Ended
	Sep. 30, 2024
Interest and Other Income [Abstract]
Details of Interest and Other Income, Net	The following table sets forth the details of interest and other income, net. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Interest income, net $ 3,517 $ 4,115 $ 11,393 $ 10,007 Non-cash gain on extinguishment of IPO - - 15,437 - Total interest and other income, net $ 3,517 $ 4,115 $ 26,830 $ 10,007

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	9 Months Ended
	Sep. 30, 2024
Interest and Debt Expense [Abstract]
Details of Interest and Debt Expense	The following table sets forth the details of interest and debt expense. For the Three Months Ended September 30, For the Nine Months Ended September 30, (Amounts in thousands) 2024 2023 2024 2023 Interest expense $ 41,178 $ 37,549 $ 116,456 $ 107,810 Amortization of deferred financing costs 2,627 1,553 7,622 4,630 Total interest and debt expense $ 43,805 $ 39,102 $ 124,078 $ 112,440

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Summary of Computation of Earnings Per Share	The following table summarizes our net income or loss and the number of common shares used in the computation of basic and diluted income or 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 Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands, except per share amounts) 2024 2023 2024 2023 Numerator: Net loss attributable to common stockholders $ ( 9,688 ) $ ( 8,385 ) $ ( 7,642 ) $ ( 54,194 ) Earnings allocated to unvested participating securities - ( 10 ) ( 14 ) ( 40 ) Numerator for loss per common share - $ ( 9,688 ) $ ( 8,395 ) $ ( 7,656 ) $ ( 54,234 ) Denominator: Denominator for basic loss per common share - 217,315 217,043 217,209 216,872 Effect of dilutive stock-based compensation plans (1) - - - - Denominator for diluted loss per common share - 217,315 217,043 217,209 216,872 Loss per common share - basic and diluted $ ( 0.04 ) $ ( 0.04 ) $ ( 0.04 ) $ ( 0.25 ) (1) The effect of dilutive securities excludes 22,105 and 18,470 weighted average share equivalents for the three months ended September 30, 2024 and 2023, respectively, and 22,079 and 17,804 weighted average share equivalents for the nine months ended September 30, 2024 and 2023, respectively, as their effect was anti-dilutive.

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of NOI for Each Reportable Segment Information	The following tables provide Paramount's share of Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Three Months Ended September 30, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 188,123 $ 116,383 $ 71,523 $ 217 Property-related operating expenses ( 80,316 ) ( 55,612 ) ( 23,498 ) ( 1,206 ) NOI attributable to noncontrolling interests in ( 23,723 ) ( 2,424 ) ( 21,299 ) - NOI from unconsolidated joint ventures (1) 5,384 3,407 2,018 ( 41 ) Paramount's share of NOI (2) $ 89,468 $ 61,754 $ 28,744 $ ( 1,030 ) For the Three Months Ended September 30, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 184,608 $ 118,749 $ 66,252 $ ( 393 ) Property-related operating expenses ( 75,502 ) ( 52,470 ) ( 22,447 ) ( 585 ) NOI attributable to noncontrolling interests in ( 22,275 ) ( 3,049 ) ( 19,226 ) - NOI from unconsolidated joint ventures (1) 5,240 3,376 1,865 ( 1 ) Paramount's share of NOI (2) $ 92,071 $ 66,606 $ 26,444 $ ( 979 ) For the Nine Months Ended September 30, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 553,856 $ 347,669 $ 206,337 $ ( 150 ) Property-related operating expenses ( 226,248 ) ( 156,992 ) ( 66,391 ) ( 2,865 ) NOI attributable to noncontrolling interests in ( 70,532 ) ( 7,600 ) ( 62,932 ) - NOI from unconsolidated joint ventures (1) 16,611 10,442 6,128 41 Paramount's share of NOI (2) $ 273,687 $ 193,519 $ 83,142 $ ( 2,974 ) For the Nine Months Ended September 30, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 536,211 $ 342,812 $ 194,564 $ ( 1,165 ) Property-related operating expenses ( 216,889 ) ( 150,676 ) ( 64,529 ) ( 1,684 ) NOI attributable to noncontrolling interests in ( 67,551 ) ( 8,415 ) ( 59,136 ) - NOI from unconsolidated joint ventures (1) 16,048 10,143 5,847 58 Paramount's share of NOI (2) $ 267,819 $ 193,864 $ 76,746 $ ( 2,791 ) (1) Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street). (2) 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 include property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.
Schedule of Reconciliation of NOI to Net Loss Attributable to Common Stockholders	The following table provides a reconciliation of Paramount's share of NOI to net loss attributable to common stockholders for the periods set forth below. For the Three Months Ended For the Nine Months Ended September 30, September 30, (Amounts in thousands) 2024 2023 2024 2023 Paramount's share of NOI $ 89,468 $ 92,071 $ 273,687 $ 267,819 NOI attributable to noncontrolling interests in 23,723 22,275 70,532 67,551 Adjustments to arrive to net loss: Fee income 6,776 4,573 17,328 14,106 Depreciation and amortization expense ( 60,071 ) ( 60,263 ) ( 182,920 ) ( 181,778 ) General and administrative expenses ( 16,672 ) ( 15,460 ) ( 49,938 ) ( 46,307 ) (Loss) income from real estate related fund investments ( 22 ) 2,060 ( 92 ) ( 37,034 ) Loss from unconsolidated joint ventures ( 981 ) ( 28,974 ) ( 3,098 ) ( 63,138 ) NOI from unconsolidated joint ventures (1) ( 5,384 ) ( 5,240 ) ( 16,611 ) ( 16,048 ) Interest and other income, net 3,517 4,115 26,830 10,007 Interest and debt expense ( 43,805 ) ( 39,102 ) ( 124,078 ) ( 112,440 ) Other, net ( 133 ) ( 853 ) ( 644 ) ( 1,190 ) (Loss) income before income taxes ( 3,584 ) ( 24,798 ) 10,996 ( 98,452 ) Income tax expense ( 619 ) ( 263 ) ( 1,328 ) ( 1,124 ) Net (loss) income ( 4,203 ) ( 25,061 ) 9,668 ( 99,576 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 6,959 ) ( 4,887 ) ( 18,434 ) ( 15,879 ) Consolidated real estate related funds 581 20,934 408 57,412 Operating Partnership 893 629 716 3,849 Net loss attributable to common stockholders $ ( 9,688 ) $ ( 8,385 ) $ ( 7,642 ) $ ( 54,194 ) (1) Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street).
Schedule of Total Assets for Each Reportable Segments Information	The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other September 30, 2024 $ 7,890,952 $ 5,175,797 $ 2,357,819 $ 357,336 December 31, 2023 8,006,215 5,214,504 2,342,395 449,316

Organization and Business - Add

Organization and Business - Additional Information (Details) ft² in Millions	9 Months Ended
	Sep. 30, 2024 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	91.60%

Consolidated Real Estate Rela_3

Consolidated Real Estate Related Funds - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024
Real Estate Related Fund [Line Items]
Equity method paramount ownership percentage	1.30%
One Steuart Lane [Member]
Real Estate Related Fund [Line Items]
Equity method economic interest percentage	2.60%
Fund X [Member]
Real Estate Related Fund [Line Items]
Equity method paramount ownership percentage	13%
Residential Development Fund's [Member]
Real Estate Related Fund [Line Items]
Equity method paramount ownership percentage	7.40%
Interest not owned as noncontrolling interest in real estate related funds	92.60%
Residential Development Fund's [Member] | One Steuart Lane [Member]
Real Estate Related Fund [Line Items]
Equity method paramount ownership percentage	35%

Consolidated Real Estate Rela_4

Consolidated Real Estate Related Funds - Summary of Income From Real Estate Related Fund Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Real Estate Related Fund [Line Items]
(Loss) income from real estate related fund investments	$ (22)	$ 2,060	$ (92)	$ (37,034)
Net loss attributable to common stockholders	(9,688)	(8,385)	(7,642)	(54,194)
Fund X [Member]
Real Estate Related Fund [Line Items]
Net investment (loss) income	(22)	2,032	683	9,741
Net realized losses				(1,224)
Net unrealized income (losses)		28	(775)	(45,551)
(Loss) income from real estate related fund investments	(22)	2,060	(92)	(37,034)
Less: noncontrolling interests in consolidated real estate related funds	19	(1,517)	93	33,056
Net loss attributable to common stockholders	$ (3)	$ 543	$ 1	$ (3,978)

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Related Funds - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Real Estate [Line Items]
Alternative Investment Fund Ownership Interest Percentage	1.30%		1.30%
Investment, Type [Extensible Enumeration]	Fund VIII [Member]		Fund VIII [Member]
Investments in the unconsolidated real estate related funds	$ 4,607,000		$ 4,607,000		$ 4,549,000
Income (loss) from unconsolidated real estate related funds	$ 109,000	$ (721,000)	$ 199,000	$ (867,000)

Investments in Unconsolidated_4

Investments in Unconsolidated Joint Ventures - Additional Information (Details) - USD ($)	Aug. 13, 2024	Apr. 30, 2024	Mar. 29, 2024	Sep. 30, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable				$ 3,692,050,000	$ 3,817,050,000
Debt instrument effective percentage				4.21%
Investments in unconsolidated joint ventures				$ 128,919,000	$ 132,239,000
60 Wall Street [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture			5%	5%
Debt instrument modified and extended maturity date			2029-05
Investments in unconsolidated joint ventures				$ 327,000
60 Wall Street [Member] | Nonrecourse [Member]
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable			$ 575,000,000
Debt instrument modified and extended maturity date			2029-05
60 Wall Street [Member] | A-Note [Member]
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable			$ 316,250,000
Debt instrument effective percentage			4%
60 Wall Street [Member] | B-Note [Member]
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable			$ 258,750,000
Percentage of accrues interest rate			12%
60 Wall Street [Member] | Secured Overnight Financing Rate (SOFR) [Member] | A-Note [Member]
Schedule of Equity Method Investments [Line Items]
Fixed/Variable Rate			2.45%
111 Sutter Street [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture		49%		49%
111 Sutter Street [Member] | Nonrecourse [Member]
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable		$ 164,775,000
Debt instrument modified and extended maturity date		2025-12
111 Sutter Street [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Schedule of Equity Method Investments [Line Items]
Fixed/Variable Rate		2.15%
Market Center [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture	67%			67%
Market Center [Member] | Nonrecourse [Member]
Schedule of Equity Method Investments [Line Items]
Debt instrument, maturity month and year	2025-01
Non-recourse mortgage loan defaulted amount	$ 416,544,000
Market Center [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Schedule of Equity Method Investments [Line Items]
Fixed/Variable Rate	1.61%

Investments in Unconsolidated_5

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Aug. 13, 2024	Apr. 30, 2024	Mar. 29, 2024	Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 128,919		$ 128,919					$ 132,239
Loss from unconsolidated joint ventures	$ (981)	$ (28,974)	$ (3,098)	$ (63,138)
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50%		50%
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	67%		67%		67%
Loss from unconsolidated joint ventures		(3,248)		(8,482)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	44.10%		44.10%
Investments in unconsolidated joint ventures	$ 29,731		$ 29,731					30,322
Loss from unconsolidated joint ventures	$ (225)	(642)	$ (590)	(1,780)
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	49%		49%			49%
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.20%		9.20%
Investments in unconsolidated joint ventures	$ 8,274		$ 8,274					8,646
Loss from unconsolidated joint ventures	$ 0	1	$ 1	1
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	5%		5%				5%
Investments in unconsolidated joint ventures	$ 327		$ 327
Loss from unconsolidated joint ventures	$ 55		$ (1,576)	(25,001)
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	35%		35%
Investments in unconsolidated joint ventures	$ 87,329		$ 87,329					89,949
Loss from unconsolidated joint ventures	$ (721)	(25,037)	$ (828)	(27,811)
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.50%		9.50%
Investments in unconsolidated joint ventures	$ 3,258		$ 3,258					$ 3,322
Loss from unconsolidated joint ventures	$ (90)	$ (48)	$ (105)	$ (65)

Investments in Unconsolidated_6

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Mar. 29, 2024
Schedule Of Equity Method Investments [Line Items]
Proportionate share of impairment loss on for sale condominium units	$ 23,942
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity			$ 457
Equity method paramount ownership percentage			44.10%
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity			$ 300
Equity method paramount ownership percentage			9.20%
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity			$ 564
Equity method paramount ownership percentage			35%
Equity method economic interest percentage			2.60%
Impairment loss on for sale condominium units	$ 68,407
One Steuart Lane [Member] | Residential Development Fund's [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage			7.40%
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity			$ 4,033
Equity method paramount ownership percentage			9.50%
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate impairment loss		$ 455,893
Proportionate share of real estate impairment loss		$ 24,734
Equity method paramount ownership percentage			5%	5%

Investments in Unconsolidated_7

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023		Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Deferred rent receivable		$ 355,555			$ 355,555			$ 351,209
Total assets	[1]	7,890,952			7,890,952			8,006,215
Accounts payable and accrued expenses		114,808			114,808			114,463
Total liabilities	[1]	3,839,546			3,839,546			3,991,327
Equity		3,173,867			3,173,867			3,203,285
Total liabilities and equity		7,890,952			7,890,952			8,006,215
Rental revenue		184,235	$ 182,515		543,636	$ 529,734
Other income		3,888	2,093		10,220	6,477
Total revenues		194,899	189,181		571,184	550,317
Operating		80,316	75,502		226,248	216,889
Depreciation and amortization		60,071	60,263		182,920	181,778
Total expenses		157,301	151,357		459,949	445,297
Interest and other income		3,517	4,115		26,830	10,007
Interest and debt expense		(43,805)	(39,102)		(124,078)	(112,440)
(Loss) income before income taxes		(3,584)	(24,798)		10,996	(98,452)
Income tax expense		(619)	(263)		(1,328)	(1,124)
Net loss attributable to common stockholders		(9,688)	(8,385)		(7,642)	(54,194)
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate, net		1,606,587			1,606,587			1,528,595
Cash and cash equivalents and restricted cash		157,328			157,328			167,355
Intangible assets, net		43,829			43,829			52,164
For-sale residential condominium units	[2]	235,366			235,366			246,824
Deferred rent receivable		40,215			40,215			35,448
Other assets		43,852			43,852			48,731
Total assets		2,127,177			2,127,177			2,079,117
Notes and mortgages payable, net		1,770,748			1,770,748			1,744,706
Accounts payable and accrued expenses		61,749			61,749			92,770
Intangible liabilities, net		1,940			1,940			5,026
Other liabilities		74,602			74,602			5,692
Total liabilities		1,909,039			1,909,039			1,848,194
Equity		218,138			218,138			230,923
Total liabilities and equity		2,127,177			2,127,177			$ 2,079,117
Rental revenue		35,374	38,629		106,557	119,235
Other income	[3]	2,188	874		20,432	6,492
Total revenues		37,562	39,503		126,989	125,727
Operating	[3]	23,985	92,348	[4]	80,345	142,039	[4]
Depreciation and amortization		12,464	16,863		38,232	52,341
Total expenses		36,449	109,211		118,577	194,380
Interest and other income		1,855	734		4,351	2,226
Interest and debt expense		(14,782)	(19,895)		(44,729)	(53,256)
Gain on settlement of interest rate swap		2,498			2,498
Real estate impairment loss	[5]					(455,893)
(Loss) income before income taxes		(9,316)	(88,869)		(29,468)	(575,576)
Income tax expense		(1)	(2)		(26)	(32)
Net loss attributable to common stockholders		$ (9,317)	$ (88,871)		$ (29,494)	$ (575,608)
[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 91.6 % as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $ 3,847,438 and $ 2,397,092 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities ( “ VIEs ” ). Represents 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. Includes $ 68,407 of impairment losses related to condominium units at One Steuart Lane, of which RDF’s share was $ 23,942 . See note 5 on page 13 . Represents real estate impairment loss related to 60 Wall Street, of which our share was $ 24,734 . See note 3 on page 13 .

Investments in Unconsolidated_8

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023
Schedule of Equity Method Investments [Line Items]
Proportionate share of impairment loss on for sale condominium units	$ 23,942
One Steuart Lane [Member]
Schedule of Equity Method Investments [Line Items]
Impairment loss on for sale condominium units	68,407
60 Wall Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss		$ 24,734
Unconsolidated Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of impairment loss on for sale condominium units	23,942		$ 23,942
Unconsolidated Joint Ventures [Member] | One Steuart Lane [Member]
Schedule of Equity Method Investments [Line Items]
Impairment loss on for sale condominium units	$ 68,407		68,407
Unconsolidated Joint Ventures [Member] | 60 Wall Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss			$ 24,734

Intangible Assets and Intangibl

Intangible Assets and Intangible Liabilities - Summary of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Intangible assets:
Gross amount	$ 205,945		$ 205,945		$ 262,541
Accumulated amortization	(151,820)		(151,820)		(194,536)
Intangible assets, Net	54,125		54,125		68,005
Intangible liabilities:
Gross amount	125,619		125,619		136,820
Accumulated amortization	(103,154)		(103,154)		(108,817)
Intangible Liabilities, Net	22,465		22,465		$ 28,003
Amortization of above and below-market leases, net (component of "rental revenue")			4,351	$ 3,929
Leases, Acquired-in-Place, Market Adjustment [Member]
Intangible liabilities:
Amortization of above and below-market leases, net (component of "rental revenue")	1,379	$ 1,445	4,351	3,929
Leases, Acquired-in-Place [Member]
Intangible liabilities:
Amortization of acquired in-place leases (component of "depreciation and amortization")	$ 2,970	$ 4,635	$ 12,070	$ 13,706

Intangible Assets and Intangi_2

Intangible Assets and Intangible Liabilities - Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Finite Lived Intangible Assets [Line Items]
2024	$ 1,318
2025	4,350
2026	2,977
2027	2,665
2028	2,584
2029	2,146
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
2024	3,256
2025	10,070
2026	7,190
2027	6,546
2028	6,467
2029	$ 5,810

Debt - Additional Information (

Debt - Additional Information (Details) ft² in Millions		9 Months Ended		12 Months Ended
	Feb. 01, 2024 USD ($)	Sep. 30, 2024 USD ($) ft²	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Notes and mortgages payable		$ 3,692,050,000		$ 3,817,050,000
Debt instrument effective percentage		4.21%
Loan repayment amount		$ 975,000,000	$ 273,000,000
One Market Plaza [Member] | Non-recourse [Member]
Debt Instrument [Line Items]
Number of square foot | ft²		1.6
Notes and mortgages payable	$ 850,000,000			$ 975,000,000
Debt instrument effective percentage	4.08%			4.03%
Maturity date				Feb. 06, 2024
Maturity date of debt	2027-02
Loan repayment amount	$ 125,000,000
Loan repayment share amount	$ 61,250,000
Ownership percentage of Property	49%

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate	4.21%
Notes and mortgages payable	$ 3,692,050	$ 3,817,050
Credit Facility	0	0
Less: unamortized deferred financing costs	(17,683)	(13,566)
Total notes and mortgages payable, net	$ 3,674,367	3,803,484
Credit Facility With Variable Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Paramount Ownership	100%
Maturity date of debt	2026-03
Fixed/Variable Rate	1.35%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
1633 Broadway [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Paramount Ownership	90%
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]
Paramount Ownership	49%
Maturity date of debt	2027-02
Notes and mortgages payable, Interest Rate	4.08%
Notes and mortgages payable	$ 850,000	975,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Variable Rate [Member]
Debt Instrument [Line Items]
Paramount Ownership	100%
Maturity date of debt	2026-08
Fixed/Variable Rate	2.77%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Notes and mortgages payable, Interest Rate	6.27%
Notes and mortgages payable	$ 860,000	860,000
31 West 52nd Street [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Paramount Ownership	100%
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]
Paramount Ownership	31.10%
Maturity date of debt	2026-10
Notes and mortgages payable, Interest Rate	4.50%
Notes and mortgages payable	$ 232,050	$ 232,050

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Debt (Parenthetical) (Details) - 1301 Avenue of the Americas [Member] - Mortgages and Notes Payable with Variable Rate [Member]	9 Months Ended
	Sep. 30, 2024
Debt Instrument [Line Items]
Capped interest rate	3.50%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Aug. 31, 2024	Jul. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Notes and mortgages payable		$ 3,692,050,000		$ 3,692,050,000				$ 3,817,050,000
Changes in fair value of these interest rate swaps and interest rate caps	[1]	(876,000)	$ 1,804,000	1,008,000	$ 6,254,000
Interest Rate Swap [Member] | Secured Overnight Financing Rate (SOFR) [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount		$ 500,000,000		$ 500,000,000
Derivative fixed interest rate		0.49%		0.49%
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		$ (3,586,000)	$ (6,105,000)	$ (14,241,000)	$ (17,630,000)
Amount to be recognized in accumulated other comprehensive (loss) income reclassified to interest expense for next twelve months				$ 2,128,000
Designated As Hedging Instrument [Member] | | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Secured Overnight Financing Rate (SOFR) [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount							$ 500,000,000
Derivative fixed interest rate							0.49%
Designated As Hedging Instrument [Member] | | Interest Rate Cap [Member] | Cash Flow Hedging [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Cap Rate [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount						$ 860,000,000	$ 360,000,000
Aggregate notional percentage						3.50%	4.50%
[1] Represents amounts related to interest rate caps and interest rate swaps which were designated as cash flow hedges.

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Interest Rate Swaps and Interest Rate Caps (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
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")	$ 0	$ 13,726
Interest Rate Swap [Member] | 1301 Avenue of the Americas [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Derivative [Line Items]
Notional Amount	$ 500,000
Effective Date	Jul. 31, 2021
Maturity Date	Aug. 31, 2024
Strike Rate	0.49%
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 0	13,726
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")	4,342	1,263
Interest Rate Cap [Member] | 1301 Avenue of the Americas [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Cap Rate One [Member]
Derivative [Line Items]
Notional Amount	$ 860,000
Effective Date	Aug. 31, 2024
Maturity Date	Aug. 31, 2025
Strike Rate	3.50%
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 4,342	0
Interest Rate Cap [Member] | 1301 Avenue of the Americas [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Cap Rate Two [Member]
Derivative [Line Items]
Notional Amount	$ 360,000
Effective Date	Aug. 31, 2023
Maturity Date	Aug. 31, 2024
Strike Rate	4.50%
Total interest rate swap and interest rate caps assets designated as cash flow hedges (included in "other assets")	$ 0	$ 1,263

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Nov. 30, 2019
Class Of Stock [Line Items]
Common stock shares authorized amount		$ 200,000,000
Stock repurchased	0
Stock repurchase remaining authorized amount	$ 15,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Summary of Changes in Accumulated Other Comprehensive (Loss) Income by Component (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023		Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount of (loss) income related to the cash flow hedges recognized in other comprehensive loss	[1]	$ (876)	$ 1,804		$ 1,008	$ 6,254
Amounts reclassified from accumulated other comprehensive (loss) income decreasing interest and debt expense	[1]	(2,710)	(7,909)		(15,249)	(23,884)
Amount of (loss) income related to unconsolidated joint ventures recognized in other comprehensive loss		(34)	1,055	[2]	38	4,196	[2]
Amounts reclassified from accumulated other comprehensive (loss) income decreasing loss from unconsolidated joint ventures		$ 0	$ (2,589)	[2]	$ 0	$ (6,899)	[2]
[1] Represents amounts related to interest rate caps and interest rate swaps which were designated as cash flow hedges. Primarily represents amounts related to our share of an unconsolidated joint venture’s interest rate swap which was designated as a cash flow hedge.

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Consolidated joint ventures	$ 492,135,000	$ 413,925,000
Noncontrolling interests in consolidated real estate related funds aggregated	92,759,000	110,589,000
Operating partnerships	292,645,000	287,089,000
Redemption value	$ 98,587,000	$ 100,650,000
Common units conversion basis	one-for-one

Variable Interest Entities ("_3

Variable Interest Entities ("VIEs") - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Variable Interest Entity [Line Items]
Percentage of ownership in operating partnership	91.60%

Variable Interest Entities ("_4

Variable Interest Entities ("VIEs") - Summary of Assets and Liabilities of Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Real estate, net		$ 6,661,144	$ 6,744,797
Cash and cash equivalents and restricted cash		492,235	509,599	$ 470,523	$ 449,817
Accounts and other receivables		18,662	18,053
Real estate related fund investments		0	775
Investments in unconsolidated joint ventures		128,919	132,239
Deferred rent receivable		355,555	351,209
Deferred charges, net		103,858	108,751
Intangible assets, net		54,125	68,005
Other assets		71,847	68,238
Total assets	[1]	7,890,952	8,006,215
Notes and mortgages payable, net		3,674,367	3,803,484
Accounts payable and accrued expenses		114,808	114,463
Intangible liabilities, net		22,465	28,003
Other liabilities		27,906	37,017
Total liabilities	[1]	3,839,546	3,991,327
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Real estate, net		3,220,763	3,284,532
Cash and cash equivalents and restricted cash		237,622	176,354
Accounts and other receivables		11,664	10,005
Real estate related fund investments		0	775
Investments in unconsolidated joint ventures		87,329	89,949
Deferred rent receivable		197,284	207,938
Deferred charges, net		40,198	45,190
Intangible assets, net		30,824	38,209
Other assets		21,754	7,374
Total assets		3,847,438	3,860,326
Notes and mortgages payable, net		2,319,284	2,450,401
Accounts payable and accrued expenses		58,632	48,952
Intangible liabilities, net		13,740	17,180
Other liabilities		5,436	5,852
Total liabilities		$ 2,397,092	$ 2,522,385
[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 91.6 % as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $ 3,847,438 and $ 2,397,092 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities ( “ VIEs ” ).

Variable Interest Entities ("_5

Variable Interest Entities ("VIEs") - Summary of Investments in Unconsolidated Real Estate Funds and Unconsolidated Joint Ventures and Maximum Risk of Loss from Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity [Line Items]
Investment, Type [Extensible Enumeration]	Property Fund V I I I [Member]
Unconsolidated Real Estate Funds [Member]
Variable Interest Entity [Line Items]
Maximum risk of loss	$ 4,607	$ 4,549
Investment, Type [Extensible Enumeration]	us-gaap:RealEstateInvestmentMember	us-gaap:RealEstateInvestmentMember
Unconsolidated Joint Ventures [Member]
Variable Interest Entity [Line Items]
Maximum risk of loss	$ 327
Investment, Type [Extensible Enumeration]	us-gaap:RealEstateInvestmentMember	us-gaap:RealEstateInvestmentMember
Asset Management Fees and Other Receivables [Member]
Variable Interest Entity [Line Items]
Maximum risk of loss	$ 555	$ 18
Investment, Type [Extensible Enumeration]	us-gaap:RealEstateInvestmentMember	us-gaap:RealEstateInvestmentMember
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Maximum risk of loss	$ 5,489	$ 4,567
Investment, Type [Extensible Enumeration]	us-gaap:RealEstateInvestmentMember	us-gaap:RealEstateInvestmentMember

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Assets Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	$ 4,342	$ 14,989
Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")	4,342
Interest Rate Swap and Cap Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")		14,989
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	4,342	14,989
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")	$ 4,342
Level 2 [Member] | Interest Rate Swap and Cap Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate assets (included in "other assets")		$ 14,989

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of investments	$ 0	$ 775,000
Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of investments	$ 0	$ 0	$ 68,225,000	$ 66,606,000	$ 105,369,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Fair Value of Real Estate Related Fund Investments (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance		$ 775,000
Ending balance		0
Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 66,606,000	0	$ 105,369,000
Additional investments	1,591,000		9,631,000
Net realized losses			(1,224,000)
Net unrealized gains (losses)	28,000		(45,551,000)
Ending balance	$ 68,225,000	$ 0	$ 68,225,000

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	$ 3,692,050	$ 3,817,050
Total liabilities	3,692,050	3,817,050
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	3,436,785	3,517,549
Total liabilities	$ 3,436,785	$ 3,517,549

Leases - Additional Information

Leases - Additional Information (Details)	Sep. 30, 2024
Minimum [Member]
Lessor Lease Description [Line Items]
Lease term	5 years
Maximum [Member]
Lessor Lease Description [Line Items]
Lease term	15 years

Leases - Schedule of Rental Rev

Leases - Schedule of Rental Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Abstract]
Fixed rental revenues	$ 156,190	$ 160,107	$ 475,420	$ 474,931
Variable rental revenues	28,045	22,408	68,216	54,803
Total rental revenue	$ 184,235	$ 182,515	$ 543,636	$ 529,734

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Flows Under Non-Cancellable Operating Leases (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2024	$ 150,933
2025	584,675
2026	512,175
2027	456,147
2028	451,922
2029	431,564
Thereafter	1,736,414
Total	$ 4,323,830

Fee and Other Income - Summary

Fee and Other Income - Summary of Fee and Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fee income:
Fee income	$ 6,776	$ 4,573	$ 17,328	$ 14,106
Other income	3,888	2,093	10,220	6,477
Total fee and other income	10,664	6,666	27,548	20,583
Asset Management Fees [Member]
Fee income:
Fee income	2,134	2,459	6,756	6,960
Property Management Fees [Member]
Fee income:
Fee income	1,695	1,810	5,096	5,503
Acquisition Disposition Leasing And Other [Member]
Fee income:
Fee income	$ 2,947	$ 304	$ 5,476	$ 1,643

Interest and Other Income, ne_2

Interest and Other Income, net - Details of Interest and Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest and Other Income [Abstract]
Interest income, net	$ 3,517	$ 4,115	$ 11,393	$ 10,007
Non-cash gain on extinguishment of IPO related tax liability			15,437	0
Total interest and other income, net	$ 3,517	$ 4,115	$ 26,830	$ 10,007

Interest and Debt Expense - Det

Interest and Debt Expense - Details of Interest and Debt Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest and Debt Expense [Abstract]
Interest expense	$ 41,178	$ 37,549	$ 116,456	$ 107,810
Amortization of deferred financing costs	2,627	1,553	7,622	4,630
Total interest and debt expense	$ 43,805	$ 39,102	$ 124,078	$ 112,440

Incentive Compensation - Additi

Incentive Compensation - Additional Information (Details) - USD ($)				3 Months Ended		9 Months Ended
	Dec. 31, 2024	Jan. 30, 2024	Dec. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	May 16, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense				$ 4,373,000	$ 4,680,000	$ 15,635,000	$ 14,011,000
2024 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date						Mar. 31, 2034
2024 Equity Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant								24,778,731
2021 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance measurement period, term			3 years
Percentage of LTIP units earned		24.20%
LTIP units, earned		409,046
LTIP units, vested		204,727
Unrecognized compensation cost				$ 196,000		$ 196,000
Unrecognized compensation cost expected to be recognized over a weighted-average period						3 months
2021 Performance Program [Member] | Forecast [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
LTIP units, vested	204,319

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net loss attributable to common stockholders	$ (9,688)	$ (8,385)	$ (7,642)	$ (54,194)
Earnings allocated to unvested participating securities, basic	0	(10)	(14)	(40)
Earnings allocated to unvested participating securities, diluted	0	(10)	(14)	(40)
Numerator for loss per common share - basic	(9,688)	(8,395)	(7,656)	(54,234)
Numerator for loss per common share - diluted	$ (9,688)	$ (8,395)	$ (7,656)	$ (54,234)
Denominator:
Denominator for basic loss per common share - weighted average shares	217,314,706	217,043,022	217,208,809	216,871,778
Effect of dilutive stock-based compensation plans	0	0	0	0
Denominator for diluted loss per common share - weighted average shares	217,314,706	217,043,022	217,208,809	216,871,778
Loss per common share - basic	$ (0.04)	$ (0.04)	$ (0.04)	$ (0.25)
Loss per common share - diluted	$ (0.04)	$ (0.04)	$ (0.04)	$ (0.25)

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computation of Earnings Per Share (Parenthetical) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Effect of dilutive securities excluded from computation of earning per share	22,105	18,470	22,079	17,804

Related Parties - Additional In

Related Parties - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) ft²	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) ft²	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Fee and other income	$ 10,664,000	$ 6,666,000	$ 27,548,000	$ 20,583,000
Accounts and other receivables	18,662,000		18,662,000		$ 18,053,000
Fee income	6,776,000	4,573,000	17,328,000	14,106,000
Transaction related costs	242,000	132,000	843,000	323,000
Accounts payable and accrued expenses	$ 114,808,000		$ 114,808,000		114,463,000
Area of leased properties | ft²	13,800,000		13,800,000
Rental revenue	$ 184,235,000	182,515,000	$ 543,636,000	529,734,000
712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50%		50%
CNBB-RDF Holdings Otto Family [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Fee and other income	$ 195,000	262,000	$ 562,000	791,000
Accounts and other receivables	52,000		52,000		40,000
Unconsolidated Joint Ventures and Real Estate Funds [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Accounts and other receivables	1,520,000		1,520,000		2,552,000
Fee income	$ 5,404,000	3,585,000	$ 14,214,000	11,288,000
Hamburg Trust Consulting GMBH ("HTC") [Member]
Related Party Transaction [Line Items]
Mark-up cost percentage	10%		10%
Transaction related costs	$ 141,000	102,000	$ 386,000	293,000
Accounts payable and accrued expenses	$ 120,000		$ 120,000		$ 102,000
Hamburg Trust Consulting GMBH ("HTC") [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership	100%		100%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Lease rental income	$ 30,000	30,000	$ 89,000	154,000
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		3,127
Equity method paramount ownership percentage	50%		50%
ParkProperty Capital LP [Member] | Board of Director [Member]
Related Party Transaction [Line Items]
Rental revenue	$ 71,000	69,000	$ 212,000	207,000
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		4,233
Kramer Design Services [Member]
Related Party Transaction [Line Items]
Business development costs incurred		$ 19,000	$ 42,000	$ 103,000
Kramer Design Services [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership	100%		100%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Mar. 29, 2024	Sep. 30, 2024	Feb. 29, 2024	Dec. 31, 2023	Feb. 16, 2018
Other Commitments [Line Items]
Notes and mortgages payable		$ 3,692,050,000		$ 3,817,050,000
60 Wall Street [Member]
Other Commitments [Line Items]
Asset		7,914,000
Liability		$ 8,061,000
Equity method ownership percentage	5%	5%
Debt instrument modified and extended maturity date	2029-05
60 Wall Street [Member] | Non-recourse [Member]
Other Commitments [Line Items]
Notes and mortgages payable	$ 575,000,000
Debt instrument modified and extended maturity date	2029-05
New York State Division Of Taxation And Finance [Member]
Other Commitments [Line Items]
Loss contingency, estimate of possible loss			$ 0
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					$ 62,500,000

Segments - Additional Informati

Segments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segments - Schedule of NOI for

Segments - Schedule of NOI for Each Reportable Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Property-related revenues		$ 188,123	$ 184,608	$ 553,856	$ 536,211
Property-related operating expenses		(80,316)	(75,502)	(226,248)	(216,889)
NOI attributable to noncontrolling interests in consolidated joint ventures		(23,723)	(22,275)	(70,532)	(67,551)
NOI from unconsolidated joint ventures	[1]	5,384	5,240	16,611	16,048
Paramount's share of NOI	[2]	89,468	92,071	273,687	267,819
New York [Member]
Segment Reporting Information [Line Items]
Property-related revenues		116,383	118,749	347,669	342,812
Property-related operating expenses		(55,612)	(52,470)	(156,992)	(150,676)
NOI attributable to noncontrolling interests in consolidated joint ventures		(2,424)	(3,049)	(7,600)	(8,415)
NOI from unconsolidated joint ventures	[1]	3,407	3,376	10,442	10,143
Paramount's share of NOI	[2]	61,754	66,606	193,519	193,864
San Francisco [Member]
Segment Reporting Information [Line Items]
Property-related revenues		71,523	66,252	206,337	194,564
Property-related operating expenses		(23,498)	(22,447)	(66,391)	(64,529)
NOI attributable to noncontrolling interests in consolidated joint ventures		(21,299)	(19,226)	(62,932)	(59,136)
NOI from unconsolidated joint ventures	[1]	2,018	1,865	6,128	5,847
Paramount's share of NOI	[2]	28,744	26,444	83,142	76,746
Other [Member]
Segment Reporting Information [Line Items]
Property-related revenues		217	(393)	(150)	(1,165)
Property-related operating expenses		(1,206)	(585)	(2,865)	(1,684)
NOI attributable to noncontrolling interests in consolidated joint ventures		0	0	0	0
NOI from unconsolidated joint ventures	[1]	(41)	(1)	41	58
Paramount's share of NOI	[2]	$ (1,030)	$ (979)	$ (2,974)	$ (2,791)
[1] Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street). 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 include property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of NOI to Net [(Loss) Income] Attributable to Common Stockholders (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Paramount's share of NOI	[1]	$ 89,468	$ 92,071	$ 273,687	$ 267,819
NOI attributable to noncontrolling interests in consolidated joint ventures		23,723	22,275	70,532	67,551
Fee income		6,776	4,573	17,328	14,106
Depreciation and amortization expense		(60,071)	(60,263)	(182,920)	(181,778)
General and administrative expenses		(16,672)	(15,460)	(49,938)	(46,307)
(Loss) income from real estate related fund investments		(22)	2,060	(92)	(37,034)
Loss from unconsolidated joint ventures		(981)	(28,974)	(3,098)	(63,138)
NOI from unconsolidated joint ventures	[2]	(5,384)	(5,240)	(16,611)	(16,048)
Interest and other income, net		3,517	4,115	26,830	10,007
Interest and debt expense		(43,805)	(39,102)	(124,078)	(112,440)
Other, net		(133)	(853)	(644)	(1,190)
(Loss) income before income taxes		(3,584)	(24,798)	10,996	(98,452)
Income tax expense		(619)	(263)	(1,328)	(1,124)
Net (loss) income		(4,203)	(25,061)	9,668	(99,576)
Consolidated joint ventures		(6,959)	(4,887)	(18,434)	(15,879)
Consolidated real estate related funds		581	20,934	408	57,412
Operating Partnership		893	629	716	3,849
Net loss attributable to common stockholders		$ (9,688)	$ (8,385)	$ (7,642)	$ (54,194)
[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 include 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. Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street).

Segments - Schedule of Total As

Segments - Schedule of Total Assets for Each Reportable Segments Information (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	[1]	$ 7,890,952	$ 8,006,215
New York [Member]
Segment Reporting Information [Line Items]
Total assets		5,175,797	5,214,504
San Francisco [Member]
Segment Reporting Information [Line Items]
Total assets		2,357,819	2,342,395
Other [Member]
Segment Reporting Information [Line Items]
Total assets		$ 357,336	$ 449,316
[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 91.6 % as of September 30, 2024. As of September 30, 2024, the assets and liabilities of the Operating Partnership include $ 3,847,438 and $ 2,397,092 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities ( “ VIEs ” ).