Paramount (PGRE) 10-K 27 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 01, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Trading Symbol	PGRE
Entity Registrant Name	PARAMOUNT GROUP, INC.
Entity Central Index Key	0001605607
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Entity Well Known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Common Stock, Shares Outstanding		217,527,797
Entity Public Float			$ 846,664,000
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
Document Annual Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock of Paramount Group, Inc.,$0.01 par value per share
Entity Incorporation, State or Country Code	MD
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Auditor Firm ID	34
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Annual Stockholders’ Meeting (which is scheduled to be held on May 15, 2025) to be filed within 120 days after the end of the registrant’s fiscal year are incorporated by reference in Part III of this Annual Report on
Document Financial Statement Error Correction [Flag]	false
Auditor Opinion	Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Paramount Group, Inc. and subsidiaries (the “Company”) as of December 31, 2024 and 2023, the related consolidated statements of income, comprehensive income, changes in equity, and cash flows, for each of the three years in the period ended December 31, 2024, and the related notes and the schedule listed in the Index at Item 15 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February 27, 2025, expressed an unqualified opinion on the Company’s internal control over financial reporting.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)		Dec. 31, 2024	Dec. 31, 2023
Real estate, at cost
Land		$ 1,966,237,000	$ 1,966,237,000
Buildings and improvements		6,325,097,000	6,250,379,000
Rental property, at cost		8,291,334,000	8,216,616,000
Accumulated depreciation and amortization		(1,639,529,000)	(1,471,819,000)
Real estate, net		6,651,805,000	6,744,797,000
Cash and cash equivalents		375,056,000	428,208,000
Restricted cash		180,391,000	81,391,000
Accounts and other receivables		18,229,000	18,053,000
Real estate related fund investments		0	775,000
Investments in unconsolidated real estate related funds		4,649,000	4,549,000
Investments in unconsolidated joint ventures		85,952,000	132,239,000
Deferred rent receivable		356,425,000	351,209,000
Deferred charges, net of accumulated amortization of $91,818 and $82,265		100,684,000	108,751,000
Intangible assets, net of accumulated amortization of $147,133 and $194,536		50,492,000	68,005,000
Other assets		47,820,000	68,238,000
Total assets	[1]	7,871,503,000	8,006,215,000
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $15,420 and $13,566		3,676,630,000	3,803,484,000
Revolving credit facility		0	0
Accounts payable and accrued expenses		119,881,000	114,463,000
Dividends and distributions payable		0	8,360,000
Intangible liabilities, net of accumulated amortization of $93,748 and $108,817		20,870,000	28,003,000
Other liabilities		44,625,000	37,017,000
Total liabilities	[1]	3,862,006,000	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 217,527,797 and 217,366,089 shares in 2024 and 2023, respectively		2,175,000	2,173,000
Additional paid-in-capital		4,144,301,000	4,133,801,000
Earnings less than distributions		(1,005,627,000)	(943,935,000)
Accumulated other comprehensive income		428,000	11,246,000
Paramount Group, Inc. equity		3,141,277,000	3,203,285,000
Noncontrolling interests in:
Consolidated joint ventures		495,340,000	413,925,000
Consolidated real estate related funds		82,875,000	110,589,000
Operating Partnership (20,057,699 and 19,468,095 units outstanding)		290,005,000	287,089,000
Total equity		4,009,497,000	4,014,888,000
Total liabilities and equity		$ 7,871,503,000	$ 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 December 31, 2024. As of December 31, 2024, the assets and liabilities of the Operating Partnership include $ 3,834,072 and $ 2,393,672 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 (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Deferred charges, accumulated amortization		$ 91,818	$ 82,265
Intangible assets, accumulated amortization		147,133	194,536
Notes and mortgages payable, deferred financing costs		15,420	13,566
Intangible liabilities, accumulated amortization		$ 93,748	$ 108,817
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		900,000,000	900,000,000
Common stock, shares issued		217,527,797	217,366,089
Common stock, shares outstanding		217,527,797	217,366,089
Operating partnership, units outstanding		20,057,699	19,468,095
Total assets	[1]	$ 7,871,503	$ 8,006,215
Total liabilities	[1]	3,862,006	3,991,327
Variable Interest Entities [Member]
Total assets		3,834,072	3,860,326
Total liabilities		$ 2,393,672	$ 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 December 31, 2024. As of December 31, 2024, the assets and liabilities of the Operating Partnership include $ 3,834,072 and $ 2,393,672 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 - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Rental revenue	$ 721,750,000	$ 711,470,000	$ 702,819,000
Fee and other income	35,701,000	31,318,000	37,558,000
Total revenues	757,451,000	742,788,000	740,377,000
Expenses:
Operating	303,278,000	293,965,000	277,422,000
Depreciation and amortization	239,542,000	250,644,000	232,517,000
General and administrative	66,333,000	61,986,000	59,487,000
Transaction related costs	923,000	422,000	470,000
Total expenses	610,076,000	607,017,000	569,896,000
Other income (expense):
Loss from real estate related fund investments	(128,000)	(96,375,000)	(2,233,000)
Income (loss) from unconsolidated real estate related funds	273,000	(822,000)	(1,239,000)
Loss from unconsolidated joint ventures	(47,359,000)	(270,298,000)	(53,251,000)
Interest and other income, net	30,455,000	14,837,000	5,174,000
Interest and debt expense	(166,952,000)	(152,990,000)	(143,864,000)
Loss before income taxes	(36,336,000)	(369,877,000)	(24,932,000)
Income tax expense	(2,058,000)	(1,426,000)	(3,265,000)
Net loss	(38,394,000)	(371,303,000)	(28,197,000)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(22,462,000)	(20,464,000)	(13,981,000)
Consolidated real estate related funds	10,292,000	109,795,000	3,342,000
Operating Partnership	4,276,000	22,228,000	2,433,000
Net loss attributable to common stockholders	$ (46,288,000)	$ (259,744,000)	$ (36,403,000)
Loss per Common Share - Basic:
Net loss per common share	$ (0.21)	$ (1.2)	$ (0.16)
Weighted average common shares outstanding	217,240,620	216,922,235	221,309,938
Loss per Common Share - Diluted:
Net loss per common share	$ (0.21)	$ (1.2)	$ (0.16)
Weighted average common shares outstanding	217,240,620	216,922,235	221,309,938

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (38,394)	$ (371,303)	$ (28,197)
Other comprehensive income (loss):
Change in value of interest rate swaps and interest rate caps	(12,433)	(25,444)	31,839
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	712	(14,584)	18,485
Comprehensive (loss) income	(50,115)	(411,331)	22,127
Less comprehensive (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(22,462)	(20,464)	(13,981)
Consolidated real estate related funds	10,292	109,795	3,342
Operating Partnership	5,179	25,206	(1,733)
Comprehensive (loss) income attributable to common stockholders	$ (57,106)	$ (296,794)	$ 9,755

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Earnings Less than Distributions [Member]	Accumulated Other Comprehensive 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, 2021	$ 4,455,032	$ 2,190	$ 4,122,680	$ (538,845)	$ 2,138	$ 428,833	$ 81,925	$ 356,111
Common stock, shares outstanding at Dec. 31, 2021		218,992,000
Net (loss) income	(28,197)			(36,403)		13,981	(3,342)	(2,433)
Common shares issued upon redemption of common units		$ 79	128,664					(128,743)
Common shares issued upon redemption of common units, shares		7,844,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(284)			(284)
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		94,000
Repurchases of common shares	(65,000)	$ (104)	(64,896)
Repurchases of common shares, shares		(10,371,000)
Dividends and distributions	(74,155)			(68,560)				(5,595)
Contributions from noncontrolling interests	3,257						3,257
Distributions to noncontrolling interests	(40,699)					(40,699)
Change in value of interest rate swaps and interest rate caps	31,839				29,194			2,645
Pro rata share of other comprehensive (loss) income of unconsolidated joint ventures	18,485				16,964			1,521
Amortization of equity awards	19,189		1,302					17,887
Consolidation of real estate related fund investments that were previously unconsolidated	91,535						91,535
Reallocation of noncontrolling interest			(1,589)					1,589
Other	(236)			(239)		3
Ending 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	(371,303)			(259,744)		20,464	(109,795)	(22,228)
Common shares issued upon redemption of common units		$ 8	11,863					(11,871)
Common shares issued upon redemption of common units, shares		715,000
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	(43,015)			(39,655)				(3,360)
Contributions from noncontrolling interests	55,837						55,837
Distributions to noncontrolling interests	(17,485)					(8,657)	(8,828)
Change in value of interest rate swaps and interest rate caps	(25,444)				(23,623)			(1,821)
Pro rata share of other comprehensive (loss) income of unconsolidated joint ventures	(14,584)				(13,427)			(1,157)
Amortization of equity awards	20,321		1,222					19,099
Reallocation of noncontrolling interest			(65,445)					65,445
Ending 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	$ (38,394)			(46,288)		22,462	(10,292)	(4,276)
Common shares issued upon redemption of common units		$ 2	2,228					(2,230)
Common shares issued upon redemption of common units, shares		151,000
Common shares issued under Omnibus share plan, net of shares withheld for taxes	$ (186)			(186)
Common shares issued under Omnibus share plan, net of shares withheld for taxes, shares		11,000
Repurchases of common shares, shares	0
Dividends and distributions	$ (16,758)			(15,218)				(1,540)
Contributions from noncontrolling interests	63,109					62,220	889
Distributions to noncontrolling interests	(21,578)					(3,267)	(18,311)
Change in value of interest rate swaps and interest rate caps	(12,433)				(11,387)			(1,046)
Pro rata share of other comprehensive (loss) income of unconsolidated joint ventures	712				569			143
Amortization of equity awards	20,137		988					19,149
Reallocation of noncontrolling interest			7,284					(7,284)
Ending balance at Dec. 31, 2024	$ 4,009,497	$ 2,175	$ 4,144,301	$ (1,005,627)	$ 428	$ 495,340	$ 82,875	$ 290,005
Common stock, shares outstanding at Dec. 31, 2024	217,527,797	217,528,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends and distributions, Per share and unit	$ 0.07	$ 0.1825	$ 0.31

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities:
Net loss	$ (38,394,000)	$ (371,303,000)	$ (28,197,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	239,542,000	250,644,000	232,517,000
Straight-lining of rental revenue	(6,543,000)	(4,874,000)	(13,602,000)
Amortization of stock-based compensation expense	20,137,000	20,321,000	19,003,000
Amortization of deferred financing costs	10,250,000	6,219,000	6,156,000
Loss from unconsolidated joint ventures	2,298,000	20,126,000	21,566,000
Real estate impairment losses related to investments in unconsolidated joint ventures	45,061,000	250,172,000	31,685,000
Distributions of earnings from unconsolidated joint ventures	586,000	17,096,000	1,324,000
Realized and unrealized losses on real estate related fund investments	775,000	107,722,000	0
(Income) loss from unconsolidated real estate related funds	(273,000)	822,000	1,239,000
Distributions of earnings from unconsolidated real estate related funds	173,000	117,000	1,318,000
Amortization of above and below-market leases, net	(5,825,000)	(5,376,000)	(1,748,000)
Non-cash gain on extinguishment of IPO related tax liability	(15,437,000)	0	0
Loss recognized upon consolidation of real estate related fund investments that were previously unconsolidated	0	0	2,627,000
Other non-cash adjustments	287,000	669,000	1,188,000
Changes in operating assets and liabilities:
Real estate related fund investments	0	(3,128,000)	0
Accounts and other receivables	(176,000)	5,813,000	(8,284,000)
Deferred charges	(9,610,000)	(12,200,000)	(15,083,000)
Other assets	73,000	(3,542,000)	(7,545,000)
Accounts payable and accrued expenses	8,254,000	(13,663,000)	3,658,000
Other liabilities	13,748,000	12,224,000	(1,185,000)
Net cash provided by operating activities	264,926,000	277,859,000	246,637,000
Cash Flows from Investing Activities:
Additions to real estate	(118,158,000)	(100,526,000)	(125,805,000)
Proceeds from repayment of a mezzanine loan investment	10,000,000	0	0
Investment in a mezzanine loan	0	(20,000,000)	0
Investments in and contributions of capital to unconsolidated joint ventures	(2,740,000)	(40,715,000)	(15,812,000)
Distribution of capital from an unconsolidated joint venture	1,792,000	0	0
Advances to a partner in One Steuart Lane	0	(35,715,000)	0
Repayment of advances by a partner in One Steuart Lane	0	38,935,000	0
Contributions of capital to unconsolidated real estate related funds		(2,077,000)	(5,018,000)
Due from affiliates	0	0	(59,000,000)
Repayment of amounts due from affiliates	0	0	59,000,000
Distributions of capital from unconsolidated real estate related funds	0	0	1,506,000
Investment in real estate related funds	0	0	(7,454,000)
Net cash used in investing activities	(109,106,000)	(160,098,000)	(152,583,000)
Cash Flows from Financing Activities:
Repayment of notes and mortgages payable	(975,000,000)	(273,000,000)	0
Proceeds from notes and mortgages payable	850,000,000	232,050,000	0
Debt issuance costs	(10,649,000)	(648,000)	0
Contributions from noncontrolling interests in consolidated joint ventures	62,220,000	0	0
Distributions to noncontrolling interests in consolidated joint ventures	(3,267,000)	(8,657,000)	(40,699,000)
Contributions from noncontrolling interests in consolidated real estate related funds	889,000	55,837,000	3,257,000
Distributions to noncontrolling interests in consolidated real estate related funds	(18,311,000)	(8,828,000)	0
Dividends paid to common stockholders	(22,826,000)	(48,873,000)	(67,062,000)
Distributions paid to common unitholders	(2,292,000)	(3,808,000)	(5,962,000)
Deposit received for the sale of a 45.0% equity interest in 900 Third Avenue	9,450,000	0	0
Repurchase of shares related to stock compensation agreements and related tax withholdings	(186,000)	(205,000)	(284,000)
Repurchases of common shares	0	0	(63,153,000)
Settlement of accounts payable in connection with repurchases of common shares	0	(1,847,000)	0
Net cash used in financing activities	(109,972,000)	(57,979,000)	(173,903,000)
Net increase (decrease) in cash and cash equivalents and restricted cash	45,848,000	59,782,000	(79,849,000)
Cash and cash equivalents and restricted cash at beginning of period	509,599,000	449,817,000	529,666,000
Cash and cash equivalents and restricted cash at end of period	555,447,000	509,599,000	449,817,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	428,208,000	408,905,000	524,900,000
Restricted cash at beginning of period	81,391,000	40,912,000	4,766,000
Cash and cash equivalents and restricted cash at beginning of period	509,599,000	449,817,000	529,666,000
Cash and cash equivalents at end of period	375,056,000	428,208,000	408,905,000
Restricted cash at end of period	180,391,000	81,391,000	40,912,000
Cash and cash equivalents and restricted cash at end of period	555,447,000	509,599,000	449,817,000
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest	156,194,000	144,388,000	139,332,000
Cash payments for income taxes, net of refunds	2,029,000	893,000	2,711,000
Non-Cash Transactions:
Write-off of fully amortized and/or depreciated assets	41,781,000	34,317,000	11,386,000
Change in value of interest rate swaps and interest rate caps	(12,433,000)	(25,444,000)	31,839,000
Additions to real estate included in accounts payable and accrued expenses	16,988,000	21,815,000	14,595,000
Common shares issued upon redemption of common units	2,230,000	11,871,000	128,743,000
Dividends and distributions declared but not yet paid	0	8,360,000	18,026,000
Transfer of deposit to investment in unconsolidated joint ventures	0	0	6,230,000
Repurchases of common shares included in accounts payable and accrued expenses	0	0	1,847,000
Increase (decrease) due to consolidation of real estate related fund investments that were previously unconsolidated:
Real estate related fund investments	0	0	100,500,000
Investments in unconsolidated real estate related funds	0	0	(8,965,000)
Noncontrolling interests in consolidated real estate related funds	$ 0	$ 0	$ 91,535,000

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
	Dec. 31, 2024
Statement of Cash Flows [Abstract]
Disposition of asset interest percentage	45%

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (46,288)	$ (259,744)	$ (36,403)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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
Rule 10b5-1 Arrangement Modified	false
Non Rule 10b5-1 Arrangement Modified	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management,

Cybersecurity Risk Management, Strategy and Governance	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	ITEM 1C. CYBERSECURITY Governance Related to Cybersecurity Risks Our board of directors is responsible for overseeing the Company’s risk management process. Our board of directors focuses on our general risk management strategy and the most significant risks facing the Company, and works to ensure that appropriate risk mitigation strategies are implemented by management. Our board of directors also is apprised of particular risk management matters in connection with its general oversight and approval of corporate matters. Our board of directors has delegated oversight of the Company’s risk management process to the Audit Committee of our board of directors (the “Audit Committee”). Among its duties, the Audit Committee reviews with management the Company’s policies with respect to risk assessment and management of risks that may be material to us, including cybersecurity risk management. The Audit Committee receives, at a minimum, quarterly reports about legal and compliance matters, which can include reporting on cybersecurity incidents occurring or threats that have been thwarted or are being monitored during the prior period, as reported internally by the Chief Information Technology Officer (“CITO”). The CITO, who has served in this role for over nine years, regularly reports cybersecurity updates to our Chief Operating Officer who, in his dual role as Chief Financial Officer, is our primary liaison with the Audit Committee. To inform about these updates and help guide cybersecurity related activities across our organization, the CITO has assembled a cybersecurity focus group and steering committee that meets on a quarterly basis and is made up of experienced representatives from various of our cybersecurity risk management consultants, external network security experts and cloud storage providers. These meetings are chaired by the CITO and include discussion of our cybersecurity needs, taking into account the latest industry trends. On an annual basis, the CITO presents to the Audit Committee a detailed overview of our IT department’s operations, including staffing and risks inherent in this functional area in order to apprise the Audit Committee, among other things, of our cybersecurity risks, how they arise throughout our business and what management’s mitigation strategies are. The Audit Committee periodically engages third-party specialists to perform maturity assessments of our cybersecurity program. The Audit Committee reports on these matters to our board of directors as needed. In addition, the CITO periodically presents directly to our board of directors on our cybersecurity program. Cyber Risk Management and Strategy We face risks associated with security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our IT networks and related systems. Although such risks have not materially affected us, including our business strategy, results of operations or financial condition, to date, we have, from time to time, experienced threats to and security incidents related to our data and systems. For more information about the cybersecurity risks we face, see Item 1A, Risk Factors . To help manage these risks, we have implemented and maintain a cybersecurity risk management program that includes processes for the identification, assessment, and treatment of cybersecurity risks. These assessments are aligned with industry standards and leading practices, and provide a comparison based on practices at comparable organizations and recommendations for management to consider. In addition to these external assessments, compliance readiness is assessed at a minimum annually by our CITO, in the form of penetration testing and vulnerability assessments. This program extends to a review of the cybersecurity measures in place at the properties that we own as well as our corporate headquarters, and selected senior managers also have participated in a tabletop exercise curated by our external security consultant to test and improve our incident response planning. We also maintain processes around third-party vendor risk management, such as the submission of vendor questionnaires to critical vendors and the inclusion of contractual security requirements as appropriate.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We face risks associated with security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our IT networks and related systems. Although such risks have not materially affected us, including our business strategy, results of operations or financial condition, to date, we have, from time to time, experienced threats to and security incidents related to our data and systems. For more information about the cybersecurity risks we face, see Item 1A, Risk Factors . To help manage these risks, we have implemented and maintain a cybersecurity risk management program that includes processes for the identification, assessment, and treatment of cybersecurity risks. These assessments are aligned with industry standards and leading practices, and provide a comparison based on practices at comparable organizations and recommendations for management to consider.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	We face risks associated with security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our IT networks and related systems. Although such risks have not materially affected us, including our business strategy, results of operations or financial condition, to date, we have, from time to time, experienced threats to and security incidents related to our data and systems.
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance Related to Cybersecurity Risks Our board of directors is responsible for overseeing the Company’s risk management process. Our board of directors focuses on our general risk management strategy and the most significant risks facing the Company, and works to ensure that appropriate risk mitigation strategies are implemented by management. Our board of directors also is apprised of particular risk management matters in connection with its general oversight and approval of corporate matters. Our board of directors has delegated oversight of the Company’s risk management process to the Audit Committee of our board of directors (the “Audit Committee”). Among its duties, the Audit Committee reviews with management the Company’s policies with respect to risk assessment and management of risks that may be material to us, including cybersecurity risk management. The Audit Committee receives, at a minimum, quarterly reports about legal and compliance matters, which can include reporting on cybersecurity incidents occurring or threats that have been thwarted or are being monitored during the prior period, as reported internally by the Chief Information Technology Officer (“CITO”). The CITO, who has served in this role for over nine years, regularly reports cybersecurity updates to our Chief Operating Officer who, in his dual role as Chief Financial Officer, is our primary liaison with the Audit Committee. To inform about these updates and help guide cybersecurity related activities across our organization, the CITO has assembled a cybersecurity focus group and steering committee that meets on a quarterly basis and is made up of experienced representatives from various of our cybersecurity risk management consultants, external network security experts and cloud storage providers. These meetings are chaired by the CITO and include discussion of our cybersecurity needs, taking into account the latest industry trends. On an annual basis, the CITO presents to the Audit Committee a detailed overview of our IT department’s operations, including staffing and risks inherent in this functional area in order to apprise the Audit Committee, among other things, of our cybersecurity risks, how they arise throughout our business and what management’s mitigation strategies are. The Audit Committee periodically engages third-party specialists to perform maturity assessments of our cybersecurity program. The Audit Committee reports on these matters to our board of directors as needed. In addition, the CITO periodically presents directly to our board of directors on our cybersecurity program.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our board of directors is responsible for overseeing the Company’s risk management process. Our board of directors focuses on our general risk management strategy and the most significant risks facing the Company, and works to ensure that appropriate risk mitigation strategies are implemented by management. Our board of directors also is apprised of particular risk management matters in connection with its general oversight and approval of corporate matters.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our board of directors has delegated oversight of the Company’s risk management process to the Audit Committee of our board of directors (the “Audit Committee”). Among its duties, the Audit Committee reviews with management the Company’s policies with respect to risk assessment and management of risks that may be material to us, including cybersecurity risk management. The Audit Committee receives, at a minimum, quarterly reports about legal and compliance matters, which can include reporting on cybersecurity incidents occurring or threats that have been thwarted or are being monitored during the prior period, as reported internally by the Chief Information Technology Officer (“CITO”).
Cybersecurity Risk Role of Management [Text Block]	Among its duties, the Audit Committee reviews with management the Company’s policies with respect to risk assessment and management of risks that may be material to us, including cybersecurity risk management. The Audit Committee receives, at a minimum, quarterly reports about legal and compliance matters, which can include reporting on cybersecurity incidents occurring or threats that have been thwarted or are being monitored during the prior period, as reported internally by the Chief Information Technology Officer (“CITO”).
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The CITO, who has served in this role for over nine years, regularly reports cybersecurity updates to our Chief Operating Officer who, in his dual role as Chief Financial Officer, is our primary liaison with the Audit Committee. To inform about these updates and help guide cybersecurity related activities across our organization, the CITO has assembled a cybersecurity focus group and steering committee that meets on a quarterly basis and is made up of experienced representatives from various of our cybersecurity risk management consultants, external network security experts and cloud storage providers. These meetings are chaired by the CITO and include discussion of our cybersecurity needs, taking into account the latest industry trends.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	On an annual basis, the CITO presents to the Audit Committee a detailed overview of our IT department’s operations, including staffing and risks inherent in this functional area in order to apprise the Audit Committee, among other things, of our cybersecurity risks, how they arise throughout our business and what management’s mitigation strategies are. The Audit Committee periodically engages third-party specialists to perform maturity assessments of our cybersecurity program. The Audit Committee reports on these matters to our board of directors as needed. In addition, the CITO periodically presents directly to our board of directors on our cybersecurity program.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	On an annual basis, the CITO presents to the Audit Committee a detailed overview of our IT department’s operations, including staffing and risks inherent in this functional area in order to apprise the Audit Committee, among other things, of our cybersecurity risks, how they arise throughout our business and what management’s mitigation strategies are. The Audit Committee periodically engages third-party specialists to perform maturity assessments of our cybersecurity program.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization And Business	1. O rganization and Business As used in these consolidated financial statements, unless otherwise indicated, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 91.6 % of, the Operating Partnership as of December 31, 2024. As of December 31, 2024, we owned and/or managed a portfolio of 18 properties aggregating 13.8 million square feet comprised of: • Eight wholly and partially owned Class A properties aggregating 8.7 million square feet in New York, comprised of 8.2 million square feet of office space and 0.5 million square feet of retail 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	12 Months Ended
	Dec. 31, 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 have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Significant Accounting Policies Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years . Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale. Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and the right to receive returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We may discontinue applying the equity method of accounting when the investment in the joint venture is reduced to zero and when we have no obligation to provide financial support to the joint venture. Upon discontinuing equity method accounting, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. We review our investments in unconsolidated joint ventures for impairment whenever events or changes and circumstances indicate a decline in the fair value of the investment below the investment carrying amount and such decline is other than temporary . Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash. Restricted Cash Restricted cash consists primarily of cash restricted or escrowed under loan agreements for debt service, real estate taxes, property insurance, capital improvements and security deposits held on behalf of our tenants. Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” in our consolidated statements of income. Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consist of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” in our consolidated statements of income. Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging . The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have designated a derivative as a hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. We use derivative financial instruments in the normal course of business to selectively manage or hedge a portion of the risk associated with our indebtedness and interest payments. Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish these objectives, we primarily use interest rate swaps and interest rate caps. Interest rate swaps and interest rate caps that are designated as hedges are so designated at the inception of the contract. We require that hedging derivative instruments be highly effective in reducing the risk exposure that they are designated to hedge. The changes in the fair value of interest rate swaps and interest rate caps that are designated as hedges are recognized in other comprehensive income or loss (outside of earnings) and subsequently reclassified to earnings over the term that the hedged transaction affects earnings. Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets or settlement of these liabilities. We use the following methods and assumptions in estimating fair value for financial instruments that are presented at fair value on our consolidated balance sheets: Interest Rate Swaps and Interest Rate Caps Interest rate swaps and interest rate caps are valued by a third-party specialist using widely accepted valuation techniques. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed and variable cash payments or receipts. The variable cash payments or receipts are based on future interest rates derived from observable market interest rate curves. The fair values of interest rate caps are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the interest rate caps. The variable interest rates used in the calculation of expected cash receipts are based on future interest rates derived from observable market interest rate curves and volatilities. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs. We have determined that the significance of the impact of the credit valuation adjustments made to our derivative contracts was not significant to the overall valuation. As a result, all of our derivatives held as December 31, 2024, are classified as Level 2 in the fair value hierarchy. Real Estate Related Fund Investments Our real estate related fund investments include mezzanine loan investments made by Paramount Group Real Estate Fund X, LP (“Fund X”). Fund X qualifies as an investment company pursuant to ASC Topic 946, Financial Services - Investment Companies. Accordingly, the underlying investments are generally carried at fair value, except investments that have a fair value above par value and where the borrower has the option to prepay the loan are carried at par value. These investments are classified as Level 3 in the fair value hierarchy. We use the following methods and assumptions in estimating fair value for financial instruments that are not presented at fair value on our consolidated balance sheets, but are disclosed in the notes to our consolidated financial statements: Notes and Mortgages Payable Notes and mortgages payable are valued by a third-party specialist using the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash payments we would be required to make under the instrument. The notes and mortgages payable are classified as Level 2 in the fair value hierarchy. The carrying values of all other financial instruments on our consolidated balance sheets, including cash and cash equivalents, restricted cash, accounts and other receivables and accounts payable and accrued expenses, approximate their fair values due to the short-term nature of these instruments. Revenue Recognition Rental Revenue We lease office, retail and storage space to tenants, primarily under non-cancellable operating leases which generally have terms ranging from five to fifteen years . Most of our leases provide tenants with extension options at either fixed or market rates and few of our leases provide tenants with options to early terminate, but such options generally impose an economic penalty on the tenant upon exercising. Rental revenue is recognized in accordance with ASC Topic 842, Leases, and includes (i) fixed payments of cash rents, which represents revenue each tenant pays in accordance with the terms of its respective lease and that is recognized on a straight-line basis over the non-cancellable term of the lease, and includes the effects of rent steps and rent abatements under the leases, (ii) variable payments of tenant reimbursements, which are recoveries of all or a portion of the operating expenses and real estate taxes of the property and 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. We evaluate the collectability of our tenant receivables for payments required under the lease agreements. If we determine that collectability is not probable, the difference between rental revenue recognized and rental payments received is recorded as an adjustment to “rental revenue” in our consolidated statements of income. Fee and Other Income Fee income includes (i) asset management fees, (ii) property management fees, (iii) fees relating to acquisitions, dispositions and leasing services and (iv) other fee income, and is recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers . Fee income is generated from the various services we provide to our customers and is disaggregated based on the types of services we provide pursuant to ASC Topic 606. Fee income is recognized as and when we satisfy our performance obligations pursuant to contractual agreements. Property management and asset management services are provided continuously over time and revenue is recognized over that time. Fee income relating to acquisitions, dispositions and leasing services is recognized upon completion of the acquisition, disposition or leasing services as required in the contractual agreements. The amount of fee income to be recognized is stated in the contract as a fixed price or as a stated percentage of revenues, contributed capital or transaction price. Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income. Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation . The fair value of the award on the date of grant (adjusted for estimated forfeitures) is ratably amortized into expense over the vesting period of the respective grants. The determination of fair value of these awards involves the use of significant estimates and assumptions, including expected volatility of our stock, expected dividend yield, expected term, and assumptions of whether these awards achieve the requisite performance criteria. Income Taxes We operate and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute currently to our stockholders. In order to maintain our qualification as a REIT, we are required under the Internal Revenue Code of 1986, as amended, to distribute at least 90 % of our taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If, with respect to any taxable year, we fail to maintain our qualification as a REIT, and we are not entitled to relief under the relevant statutory provisions, we would be subject to income tax at regular corporate tax rates. Even if we qualify as a REIT, we may also be subject to certain state, local and franchise taxes. Under certain circumstances, U.S. federal income tax may be due on our undistributed taxable income. We treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries (“TRSs”). TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Our TRSs had a combined current income tax expense of approximately $ 2,056,000 , $ 484,000 , and $ 1,942,000 for the years ended December 31, 2024, 2023 and 2022, respectively. In addition, our TRSs had a combined deferred income tax benefit of $ 76,000 for the year ended December 31, 2024, and combined expense of $ 181,000 and $ 101,000 for the years ended December 31, 2023 and 2022, respectively. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Net loss attributable to Paramount Group, Inc. $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 18,266 ) 6,832 ( 5,780 ) Depreciation and amortization 39,091 39,037 54,892 Stock-based compensation 18,460 19,052 17,607 Our share of real estate impairment losses of 33,733 226,230 31,685 Other, net ( 13,941 ) 3,014 20,352 Estimated taxable income $ 12,789 $ 34,421 $ 82,353 The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, 2024 2023 2022 Amount % Amount % Amount % Ordinary income $ 0.059 (1) 56.2 % $ 0.158 (1) 89.3 % $ 0.373 (1) 100.0 % Long-term capital gain - 0.0 % - 0.0 % - 0.0 % Return of capital 0.046 43.8 % 0.019 10.7 % - 0.0 % Total $ 0.105 (2) 100.0 % $ 0.177 (2)(3) 100.0 % $ 0.373 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2023 of $ 0.035 per share, that were paid in January 2024, were attributable to the year ended December 31, 2024 for federal income tax purposes. (3) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that were paid in January 2023, were a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023. Segments Our operating segments, which consist of each one of our properties, are aggregated into two reportable segments based on two geographic regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker (“CODM”), makes key operating decisions, evaluates financial results and manages our business. See Note 22, Segments. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. 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 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 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. We adopted the provisions of ASU 2023-07 and accordingly have added disclosure of the significant segment expenses retrospectively for all periods presented. See Note 22, Segments . 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 will adopt the provisions of ASU 2023-09 on January 1, 2025 , and do no t believe that the adoption of ASU 2023-09 will have a material impact on our consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, an update to ASC Topic 220, Income Statement - Reporting Comprehensive Income . ASU 2024-03 requires disaggregated disclosures in the notes to the financial statements of each income statement line item that contain certain categories of expenses, including employee compensation, depreciation and amortization. ASU 2024-03 is effective for our year ending December 31, 2027, and interim periods beginning after December 15, 2027, with early adoption permitted. We are evaluating the impact of ASU 2024-03 on our consolidated financial statements and the related disclosures.

Consolidated Real Estate Relate

Consolidated Real Estate Related Funds	12 Months Ended
	Dec. 31, 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 Fund X, which invests in mezzanine loans. We are the general partner and investment manager of Fund X, which, prior to December 12, 2022, was accounted for under the equity method of accounting (see Note 4, Investments in Unconsolidated Real Estate Related Funds ). Subsequent to December 12, 2022, we increased our ownership interest in Fund X to 13.0 % and began consolidating Fund X into our consolidated financial statements. The following table sets forth the details of income or loss from real estate related fund investments for the years ended December 31, 2024, 2023, and for the period from December 12, 2022 to December 31, 2022. Period from For the Year Ended December 31, December 12, 2022 to (Amounts in thousands) 2024 2023 December 31, 2022 Net investment income $ 647 $ 11,347 $ 394 Net realized losses - ( 46,894 ) - Net unrealized losses ( 775 ) ( 60,828 ) - Loss recognized upon consolidation of real estate related - - ( 2,627 ) Loss from real estate related fund investments ( 128 ) ( 96,375 ) ( 2,233 ) Less: noncontrolling interests in consolidated real 124 84,784 ( 420 ) Loss from real estate related fund investments $ ( 4 ) $ ( 11,591 ) $ ( 2,653 ) 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	12 Months Ended
	Dec. 31, 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 December 31, 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. Prior to December 12, 2022, we owned an 8.2 % interest in Fund X and accounted for our investment in Fund X under the equity method of accounting. Subsequent to December 12, 2022, we began consolidating Fund X into our consolidated financial statements (see Note 3, Consolidated Real Estate Related Funds ). As of December 31, 2024 and 2023, our share of the investments in unconsolidated real estate related funds was $ 4,649,000 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 $ 273,000 for the year ended December 31, 2024 and losses of $ 822,000 and $ 1,239,000 for the years ended December 31, 2023 and 2022, 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	12 Months Ended
	Dec. 31, 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 is redeveloping 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. In August 2024, the joint venture that owns Market Center, in which we have a 67.0 % ownership interest, ceased making debt service payments on the non-recourse mortgage loan due to insufficient property cash flows. In January 2025, the joint venture defaulted on the $ 416,544,000 mortgage loan, as it was not repaid at maturity. The joint venture is currently working with the lenders to sell the property. The following tables summarize our investments in unconsolidated joint ventures as of the dates thereof and the income or loss from these investments for the periods set forth below. (Amounts in thousands) Paramount As of December 31, Our Share of Investments: Ownership 2024 2023 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center (1) 67.0 % - - 55 Second Street (1) 44.1 % - 30,322 111 Sutter Street (1) 49.0 % - - 1600 Broadway (2) 9.2 % 8,161 8,646 60 Wall Street (3) 5.0 % 1,212 - One Steuart Lane (2) 35.0 % (4) 76,579 89,949 Oder-Center, Germany 9.5 % - 3,322 Investments in unconsolidated joint ventures $ 85,952 $ 132,239 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2024 2023 2022 712 Fifth Avenue (1) $ - $ - $ - Market Center (1) - ( 161,514 ) (5) ( 10,405 ) 55 Second Street (1) ( 30,221 ) (6) ( 55,018 ) (6) ( 2,943 ) 111 Sutter Street (1) - - ( 35,190 ) (7) 1600 Broadway (2) 1 - ( 9 ) 60 Wall Street (3) ( 1,525 ) ( 25,001 ) ( 89 ) One Steuart Lane (2) ( 11,577 ) (8) ( 28,727 ) (8) ( 4,696 ) Oder-Center, Germany ( 4,037 ) (9) ( 38 ) 81 Loss from unconsolidated joint ventures $ ( 47,359 ) $ ( 270,298 ) $ ( 53,251 ) (1) As of December 31, 2024, our basis in the joint ventures that own 712 Fifth Avenue, Market Center, 55 Second Street 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 December 31, 2024, the carrying amount of our investments in 1600 Broadway and One Steuart Lane was greater than our share of equity in these investments by $ 299 and $ 511 , 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 fourth quarter of 2023, the joint venture that owns Market Center recognized a $ 341,872 real estate impairment loss, of which our 67.0 % share was $ 229,054 . Given that our share of the real estate impairment loss together with our share of operating and other losses recognized in the fourth quarter brought the basis of our investment in the joint venture below zero, in accordance with GAAP, we were limited to recognizing $ 148,906 of the real estate impairment loss during the year ended December 31, 2023. (6) In the fourth quarter of 2023, the joint venture that owns 55 Second Street recognized a $ 119,279 real estate impairment loss, of which our share was $ 52,590 . In the fourth quarter of 2024, the joint venture also recognized an additional $ 87,160 real estate impairment loss, of which our share was $ 38,429 . Given that our share of the real estate impairment loss together with our share of operating and other losses recognized in the year brought the basis of our investment in the joint venture below zero, in accordance with GAAP, we were limited to recognizing $ 29,818 of the real estate impairment loss during the year ended December 31, 2024. (7) In the fourth quarter of 2022, the joint venture that owns 111 Sutter Street recognized a $ 64,663 real estate impairment loss, of which our share was $ 31,685 . (8) 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 . In the fourth quarter of 2024, One Steuart Lane also recognized an additional $ 32,366 of impairment losses related to residential condominium units, of which RDF’s share was $ 11,328 . (9) In the fourth quarter of 2024, we recorded an impairment loss on our investment in Oder-Center, Germany of $ 3,915 . The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of December 31, Balance Sheets: 2024 2023 Real estate, net $ 1,567,771 $ 1,528,595 Cash and cash equivalents and restricted cash 154,669 167,355 Intangible assets, net 42,672 52,164 For-sale residential condominium units (1) 195,113 246,824 Deferred rent receivable 42,128 35,448 Other assets 26,813 48,731 Total assets $ 2,029,166 $ 2,079,117 Notes and mortgages payable, net $ 1,783,587 $ 1,744,706 Accounts payable and accrued expenses 59,860 92,770 Intangible liabilities, net 2,480 5,026 Other liabilities 73,129 5,692 Total liabilities 1,919,056 1,848,194 Equity 110,110 230,923 Total liabilities and equity $ 2,029,166 $ 2,079,117 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2024 2023 2022 Revenues: Rental revenue $ 138,390 $ 155,549 $ 194,031 Other income (2) 34,782 11,234 65,850 Total revenues 173,172 166,783 259,881 Expenses: Operating (2) 138,121 (3) 169,826 (3) 152,313 Depreciation and amortization 46,522 67,727 85,949 Total expenses 184,643 237,553 238,262 Other income (expense): Interest and other income, net 6,187 3,035 991 Interest and debt expense ( 62,234 ) ( 73,485 ) ( 62,173 ) Gain on settlement of interest rate swap 2,498 - - Real estate impairment loss ( 87,160 ) (4) ( 917,044 ) (5) ( 64,663 ) (6) Loss before income taxes ( 152,180 ) ( 1,058,264 ) ( 104,226 ) Income tax expense ( 26 ) ( 32 ) ( 60 ) Net loss $ ( 152,206 ) $ ( 1,058,296 ) $ ( 104,286 ) (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 impairment losses related to condominium units at One Steuart Lane of $ 32,366 and $ 68,407 in the years ended December 31, 2024 and 2023, respectively, of which RDF’s share was $ 11,328 and $ 23,942 , respectively. See note 8 on page 84 . (4) Represents real estate impairment losses related to 55 Second Street of which our share was $ 29,818 . See note 6 on page 84 . (5) Represents real estate impairment losses related to 60 Wall Street, Market Center and 55 Second Street of which our share was $ 24,734 , $ 148,906 and $ 52,590 , respectively. See notes 3, 5, and 6 on page 84 . (6) Represents a real estate impairment loss on 111 Sutter Street, of which our share was $ 31,685 . See note 7 on page 84 .

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 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 December 31, (Amounts in thousands) 2024 2023 Intangible assets: Gross amount $ 197,625 $ 262,541 Accumulated amortization ( 147,133 ) ( 194,536 ) $ 50,492 $ 68,005 Intangible liabilities: Gross amount $ 114,618 $ 136,820 Accumulated amortization ( 93,748 ) ( 108,817 ) $ 20,870 $ 28,003 For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Amortization of above and below-market leases, net $ 5,825 $ 5,376 $ 1,748 Amortization of acquired in-place leases $ 15,355 $ 19,563 $ 21,645 The following table sets forth annual amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2025. (Amounts in thousands) Above and Below- In-Place Leases 2025 $ 4,328 $ 10,034 2026 2,947 7,137 2027 2,635 6,493 2028 2,554 6,414 2029 2,117 5,756

Debt

Debt	12 Months Ended
	Dec. 31, 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. Paramount Maturity Fixed/ Interest Rate As of December 31, (Amounts in thousands) Ownership Date Variable Rate December 31, 2024 2024 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 ( 15,420 ) ( 13,566 ) Total notes and mortgages payable, net $ 3,676,630 $ 3,803,484 Revolving Credit Facility 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. The following table summarizes the principal repayments required for the next five years and thereafter in connection with our consolidated notes and mortgages payable and revolving credit facility as of December 31, 2024. Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2025 $ - $ - $ - 2026 1,592,050 1,592,050 - 2027 850,000 850,000 - 2028 - - - 2029 1,250,000 1,250,000 - Thereafter - - -

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 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 other comprehensive losses of $ 12,433,000 and $ 25,444,000 for the years ended December 31, 2024 and 2023, respectively, and other comprehensive income of $ 31,839,000 for the year ended December 31, 2022, from the changes in the fair value of these derivative financial instruments, which are recorded as a component of other comprehensive income (loss) in our consolidated financial statements. See Note 10, Accumulated Other Comprehensive Income . During the next twelve months, we estimate that $ 665,000 of the amounts to be recognized in accumulated other comprehensive (loss) income will be reclassified as a decrease to interest expense. The tables below provide additional details on our interest rate swaps and interest rate caps that are designated as cash flow hedges. Notional Effective Maturity Benchmark Strike Fair Value as of Property Amount Date Date Rate Rate December 31, 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 December 31, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 860,000 Aug-2024 Aug-2025 SOFR 3.50 % $ 3,650 $ - 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") $ 3,650 $ 1,263

Equity

Equity	12 Months Ended
	Dec. 31, 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, and allows us to repurchase shares of our common stock from time to time, in the open market or in privately negotiated transactions. We did no t repurchase any shares in the year ended December 31, 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	12 Months Ended
	Dec. 31, 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 years ended December 31, 2024, 2023 and 2022, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Amount of income related to the cash flow hedges (1) $ 2,945 $ 5,595 $ 39,865 Amount reclassified from accumulated other comprehensive (1) ( 15,378 ) ( 31,039 ) ( 8,026 ) Amount of income (loss) related to unconsolidated joint ventures 712 ( 5,055 ) (2) 18,859 (2) Amounts reclassified from accumulated other comprehensive - ( 9,529 ) (2) ( 374 ) (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	12 Months Ended
	Dec. 31, 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 December 31, 2024 and 2023, noncontrolling interests in our consolidated joint ventures aggregated $ 495,340,000 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 our RDF and Fund X. As of December 31, 2024 and 2023, the noncontrolling interests in our consolidated real estate related funds aggregated $ 82,875,000 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 December 31, 2024 and 2023, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $ 290,005,000 and $ 287,089,000 , respectively, and a redemption value of $ 99,085,000 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 year.

Variable Interest Entities ("VI

Variable Interest Entities ("VIEs")	12 Months Ended
	Dec. 31, 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 December 31, 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 December 31, 2024 and 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 December 31, (Amounts in thousands) 2024 2023 Real estate, net $ 3,199,972 $ 3,284,532 Cash and cash equivalents and restricted cash 280,258 176,354 Accounts and other receivables 10,067 10,005 Real estate related fund investments - 775 Investments in unconsolidated joint ventures 76,579 89,949 Deferred rent receivable 192,939 207,938 Deferred charges, net 38,610 45,190 Intangible assets, net 28,569 38,209 Other assets 7,078 7,374 Total VIE assets $ 3,834,072 $ 3,860,326 Notes and mortgages payable, net $ 2,320,880 $ 2,450,401 Accounts payable and accrued expenses 54,877 48,952 Intangible liabilities, net 12,581 17,180 Other liabilities 5,334 5,852 Total VIE liabilities $ 2,393,672 $ 2,522,385 Unconsolidated VIEs As of December 31, 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 December 31, (Amounts in thousands) 2024 2023 Investments in unconsolidated real estate related funds $ 4,649 $ 4,549 Investments in unconsolidated joint venture 1,212 - Asset management fees and other receivables 482 18 Maximum risk of loss $ 6,343 $ 4,567

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 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 December 31, 2024 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate cap assets (included in "other assets") $ 3,650 $ - $ 3,650 $ - Total assets $ 3,650 $ - $ 3,650 $ - 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 December 31, 2024 and 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 year ended December 31, 2023. For the Year Ended (Amounts in thousands) December 31, 2023 Beginning balance $ 105,369 Additional investments 11,897 Proceeds from sale of an investment ( 8,769 ) Net realized losses ( 46,894 ) Net unrealized losses ( 60,828 ) Other, net ( 775 ) Ending balance $ - Financial Liabilities Not Measured at Fair Value Financial liabilities not measured at fair value on our consolidated balance sheets consist of notes and mortgages payable and the revolving credit facility. The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of December 31, 2024 As of December 31, 2023 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,692,050 $ 3,412,126 $ 3,817,050 $ 3,517,549 Revolving credit facility - - - - Total liabilities $ 3,692,050 $ 3,412,126 $ 3,817,050 $ 3,517,549

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	14. Leases The following table sets forth the details of our rental revenue. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Rental revenue: Fixed $ 630,125 $ 635,314 $ 645,950 Variable 91,625 76,156 56,869 Total rental revenue $ 721,750 $ 711,470 $ 702,819 The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2024, for each of the five succeeding years and thereafter commencing January 1, 2025. (Amounts in thousands) 2025 $ 585,746 2026 515,359 2027 464,412 2028 460,389 2029 440,166 Thereafter 1,751,259 Total $ 4,217,331

Fee and Other Income

Fee and Other Income	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Fee income: Asset management $ 8,840 $ 11,075 $ 12,270 Property management 6,660 7,278 7,981 Acquisition, disposition, leasing and other 6,380 3,244 8,170 Total fee income 21,880 21,597 28,421 Other income (1) 13,821 9,721 9,137 Total fee and other income $ 35,701 $ 31,318 $ 37,558 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income. The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets. Acquisition, Asset Property Disposition, Leasing (Amounts in thousands) Total Management Management and Other Accounts and other receivables: Balance as of December 31, 2023 $ 2,554 $ 1,850 $ 586 $ 118 Balance as of December 31, 2024 1,954 1,326 447 181 (Decrease) increase $ ( 600 ) $ ( 524 ) $ ( 139 ) $ 63

Interest and Other Income, net

Interest and Other Income, net	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Interest income, net $ 15,018 $ 14,837 $ 5,174 Non-cash gain on extinguishment of IPO related tax liability 15,437 - - Total interest and other income, net $ 30,455 $ 14,837 $ 5,174

Interest and Debt Expense

Interest and Debt Expense	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Interest expense $ 156,702 $ 146,771 $ 137,708 Amortization of deferred financing costs 10,250 6,219 6,156 Total interest and debt expense $ 166,952 $ 152,990 $ 143,864

Incentive Compensation

Incentive Compensation	12 Months Ended
	Dec. 31, 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 “Plan”), which allows for a maximum of 24,778,731 shares to be issued under the plan. The Plan, which is scheduled to expire in March 2034 , replaced our Amended and Restated 2014 Equity Incentive Plan. The Plan provides for grants of equity awards to our executive officers, non-employee directors and employees in order to attract and motivate talent for which we compete. In addition, equity awards are an effective management retention tool as they vest over multiple years based on continued employment. Equity awards are granted in the form of (i) restricted stock and (ii) long-term incentive plan (“LTIP”) units, which represent a class of partnership interests in our Operating Partnership and are typically comprised of Time-Based LTIP (“T-LTIP”) units, Performance-Based LTIP (“P-LTIP”) units, Time-Based Appreciation Only LTIP (“T-AOLTIP”) units and Performance-Based Appreciation Only LTIP (“P-AOLTIP”) units. As of December 31, 2024, we have 13,949,540 shares available for future grants under the Plan. During the years ended December 31, 2024, 2023 and 2022, we recognized $ 20,137,000 , $ 20,321,000 and $ 19,003,000 , respectively, of expense in connection with stock-based compensation awards. Completion of the 2021 Performance-Based Awards Program (“2021 P-LTIPs”) On December 31, 2023, the three-year performance measurement period for our 2021 P-LTIPs ended. On January 30, 2024, the Compensation Committee of our board of directors (the “Compensation Committee”) determined that 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 vested on December 31, 2024. The following are additional details related to equity awards outstanding as of December 31, 2024. T-LTIP Units We grant our executive officers, non-employee directors and employees T-LTIP units which vest over a period of three to five years and are subject to a taxable book-up event, as defined. T-LTIP units are similar to common units of our Operating Partnership in that they are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The T-LTIP units granted in the year ended December 31, 2024 had a grant date fair value of $ 1,419,000 , which is being amortized into expense on a straight-line basis over the vesting period. As of December 31, 2024, there was $ 14,822,000 of total unrecognized compensation cost related to unvested T-LTIP units, which is expected to be recognized over a weighted-average period of 2.1 years. The following table summarizes our T-LTIP unit activity for the year ended December 31, 2024. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2023 6,474,471 $ 5.51 Granted 338,599 4.19 Vested ( 1,051,992 ) 8.27 Cancelled or expired ( 6,266 ) 8.66 Unvested as of December 31, 2024 5,754,812 $ 4.92 T-AOLTIP Units We grant our executive officers T-AOLTIP units which vest over a period of three to four years . T-AOLTIP units are similar to stock options in that they permit the holder to realize the benefit of any increase in the per share value of our common stock above the value at the time the T-AOLTIP units were granted and can be converted into a number of common units of our Operating Partnership that have an aggregate value equal to such increase. The common units issued upon the conversion of T-AOLTIP units are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The T-AOLTIP units granted in the year ended December 31, 2024 had a grant date fair value of $ 836,000 , which is being amortized into expense on a straight-line basis over the vesting period. The fair value of the T-AOLTIP unit is estimated using an option-pricing model with weighted average expected volatility of 42.0 %, expected life of 3.5 years, risk free interest rate of 4.4 % and expected dividend yield of 4.5 %. As of December 31, 2024, there was $ 2,208,000 of total unrecognized compensation cost related to unvested T-AOLTIP units, which is expected to be recognized over a weighted-average period of 1.7 years. The following table summarizes our T-AOLTIP unit activity for the year ended December 31, 2024. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2023 6,642,144 $ 7.99 Granted 685,041 4.43 Exercised - - Cancelled or expired - - Outstanding as of December 31, 2024 7,327,185 $ 7.66 4.3 $ 349,000 T-AOLTIP units vested and expected to vest as of 7,176,298 $ 7.66 4.3 $ 349,000 T-AOLTIP units exercisable as of December 31, 2024 5,171,648 $ 7.73 4.3 $ 349,000 P-LTIP Units We grant our executive officers and employees P-LTIP units under multi-year performance-based long-term equity compensation programs. The purpose of these performance programs is to further align the interests of our stockholders with that of management by encouraging our senior officers to create stockholder value in a “pay for performance” structure. Under the performance programs, participants may earn P-LTIP units based on our performance over a three-year performance measurement period. If the designated performance objectives are achieved, awards earned under the program are subject to vesting over a period of four years and are also subject to a taxable book-up event, as defined. We did no t grant any P-LTIP units in the year ended December 31, 2024. As of December 31, 2024, there was $ 3,627,000 of total unrecognized compensation cost related to unvested P-LTIP units granted, which is expected to be recognized over a weighted average period of 1.5 years. The following table summarizes our P-LTIP unit activity for the year ended December 31, 2024. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2023 5,933,697 $ 5.92 Granted - - Earned and vested ( 409,046 ) 4.44 Cancelled or expired ( 1,145,491 ) 4.30 Unvested as of December 31, 2024 4,379,160 $ 6.48 P-AOLTIP Units We grant our executive officers P-AOLTIP units which vest over a period of three to four years . P-AOLTIP units are similar to stock options in that they permit the holder to realize the benefit of any increase in the per share value of our common stock above the value at the time the P-AOLTIP units were granted; however, the P-AOLTIP units will only be earned and eligible to be converted into common units if the requisite performance objectives are achieved. P-AOLTIP units earned can be converted into a number of common units of our Operating Partnership that have an aggregate value equal to such increase. The common units issued upon the conversion of P-AOLTIP units are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. We did no t grant any P-AOLTIP units in the year ended December 31, 2024. As of December 31, 2024, there was $ 6,970,000 of total unrecognized compensation cost related to unvested P-AOLTIP units granted, which is expected to be recognized over a weighted average period of 2.6 years. The following table summarizes our P-AOLTIP unit activity granted for the year ended December 31, 2024. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2023 7,518,519 $ 5.12 Granted - - Exercised - - Cancelled or expired - - Outstanding as of December 31, 2024 7,518,519 $ 5.12 8.7 $ - P-AOLTIP units vested and expected 6,992,223 $ 5.12 8.7 $ - P-AOLTIP units exercisable as of - $ - - $ - Restricted Stock We grant shares of restricted stock to certain non-employee directors and our employees which vest over one to four years . The shares of restricted stock granted in the year ended December 31, 2024 had a grant date fair value of $ 240,000 , which is being amortized into expense on a straight-line basis over the vesting period. As of December 31, 2024, there was $ 674,000 of total unrecognized compensation cost related to restricted stock, which is expected to be recognized over a weighted-average period of 1.3 years. The table below summarizes our restricted stock activity for the year ended December 31, 2024. Shares Weighted-Average Grant-Date Fair Value (per share) Unvested as of December 31, 2023 285,651 $ 7.49 Granted 50,000 4.80 Vested ( 147,455 ) 7.18 Cancelled or expired ( 1,687 ) 9.09 Unvested as of December 31, 2024 186,509 $ 7.00 Stock Options We did no t grant any stock options in the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, we had 966,693 stock options outstanding that had a weighted average exercise price of $ 16.58 per share and a remaining life of 1.7 years.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands, except per share amounts) 2024 2023 2022 Numerator: Net loss attributable to common stockholders $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) Earnings allocated to unvested participating securities ( 14 ) ( 50 ) ( 85 ) Numerator for net loss per common share - basic and diluted ( 46,302 ) ( 259,794 ) ( 36,488 ) Denominator: Denominator for basic loss per common share - 217,241 216,922 221,310 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - 217,241 216,922 221,310 Loss per common share - basic and diluted $ ( 0.21 ) $ ( 1.20 ) $ ( 0.16 ) (1) The effect of dilutive securities for the years ended December 31, 2024, 2023 and 2022 excludes 22,000 , 18,749 and 20,064 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Parties	20. Related Parties HT Consulting GmbH Albert Behler, our Chairman, Chief Executive Officer and President, owns 100 % of HT Consulting GmbH (“HTC”), a licensed broker in Germany. We have an agreement with HTC 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 %. We incurred costs aggregating $ 462,000 , $ 392,000 and $ 713,000 for the years ended December 31, 2024, 2023 and 2022, respectively, in connection with this agreement. As of December 31, 2024 and 2023, we owed $ 113,000 and $ 102,000 , respectively, to HTC under this agreement, which is included as a component of “accounts payable and accrued expenses” on our consolidated balance sheets. Aircraft Services Mr. Behler owns 50 % of a private aviation company, in addition to owning a private aircraft that is managed by third-party aviation management companies. From time to time, Mr. Behler utilizes aircraft sourced from his private aviation company and his private aircraft for business travel. We incurred costs aggregating $ 1,667,000 , $ 1,147,000 and $ 289,000 for the years ended December 31, 2024, 2023 and 2022, respectively, related to the charter by Mr. Behler of such aircraft for business purposes, which is included as a component of “general and administrative” in our consolidated statements of income. Weingut Karthauserhof KG Mr. Behler owns 100 % of Weingut Karthauserhof KG (“Karthauserhof”), a winery in Germany. Mr. Behler authorizes the purchases of Karthauserhof wines for gifts and company events. We paid $ 12,000 , for the year ended December 31, 2024 relating to these purchases. Kramer Design Services Kramer Design Services (“Kramer Design”) is 100 % owned by the spouse of Mr. Behler. We have entered into an agreement with Kramer Design to develop branding and signage for the Paramount Club, our amenity center at 1301 Avenue of the Americas, which opened in May 2024. We paid Kramer Design $ 42,000 and $ 165,000 for the years ended December 31, 2024 and 2023, respectively, in connection with services rendered pursuant to this agreement. In addition, Kramer Design was retained by one of our consultants to perform other services relating to the Paramount Club for which Kramer Design was paid $ 36,000 , $ 41,000 and $ 137,000 for the years ended December 31, 2024, 2023 and 2022, respectively. In February 2025, we entered into new agreements with Kramer Design to provide additional branding and design services relating to certain of our properties in San Francisco for an aggregate cost of $ 220,000 excluding expenses. Mannheim Trust The Mannheim Trust is for the benefit of the children of Dr. Martin Bussmann, who is a member of our board of directors. 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. In November 2024, the joint venture extended the lease for an additional fourteen months at an annual base rent of $ 76.00 per square foot, with two months of free rent. We recognized $ 119,000 , $ 183,000 and $ 364,000 for the years ended December 31, 2024, 2023 and 2022, respectively, for our share of rental income pursuant to this lease. 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 $ 283,000 , $ 276,000 and $ 220,000 for the years ended December 31, 2024, 2023 and 2022, respectively, pursuant to this lease. 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 $ 695,000 , $ 1,042,000 and $ 1,322,000 for the years ended December 31, 2024, 2023 and 2022, 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 December 31, 2024 and 2023, amounts owed to us under these agreements aggregated $ 31,000 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 $ 17,915,000 , $ 16,567,000 and $ 24,315,000 for the years ended December 31, 2024, 2023 and 2022, 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 December 31, 2024 and 2023, amounts owed to us under these agreements aggregated $ 1,652,000 and $ 2,552,000 , respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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 the buildings and portfolio. We also obtain title insurance policies when acquiring new properties. We currently have coverage for losses incurred in connection with both domestic and foreign terrorist-related activities, 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 December 31, 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 December 31, 2024, we have an $ 18,028,000 asset and liability, which are included as a component of “other assets” and “other liabilities,” on our consolidated balance sheets. 718 Fifth Avenue - Put Right Prior to the Formation Transactions, an affiliate of our predecessor owned a 25.0 % interest in 718 Fifth Avenue, a five-story building containing 19,050 square feet of prime retail space that is located on the southwest corner of 56th Street and Fifth Avenue in New York (based on its 50.0 % interest in a joint venture that held a 50.0 % tenancy-in-common interest in the property). Prior to the completion of the Formation Transactions, this interest was sold to its partner in the 718 Fifth Avenue joint venture, who is also our joint venture partner in 712 Fifth Avenue, New York, New York. In connection with this sale, we granted our joint venture partner a put right, pursuant to which the 712 Fifth Avenue joint venture would be required to purchase the entire direct or indirect interests then held by our joint venture partner or its affiliates in 718 Fifth Avenue at a purchase price equal to the fair market value of such interests. The put right may be exercised at any time with the actual purchase occurring no earlier than 12 months after written notice is provided. If the put right is exercised and the 712 Fifth Avenue joint venture acquires the 50.0% tenancy-in-common interest in the property by our joint venture partner, we will own a 25.0 % interest in 718 Fifth Avenue based on current ownership interests. Transfer Tax Assessments During 2017, the New York City Department of Finance (“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 have been 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	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segments	22. Segments Our operating segments, which consist of each one of our properties, are aggregated into two reportable segments based on two geographic 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 Year Ended December 31, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 735,571 $ 462,871 $ 272,486 $ 214 Real estate related taxes ( 149,150 ) ( 116,374 ) ( 32,776 ) - Other operating expenses (1) ( 154,128 ) ( 93,782 ) ( 56,045 ) ( 4,301 ) NOI attributable to noncontrolling interests in ( 92,096 ) ( 10,081 ) ( 82,015 ) - NOI from unconsolidated joint ventures 23,666 16,148 7,445 73 Paramount's share of NOI (2) $ 363,863 $ 258,782 $ 109,095 $ ( 4,014 ) For the Year Ended December 31, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 721,191 $ 460,715 $ 261,954 $ ( 1,478 ) Real estate related taxes ( 145,870 ) ( 113,309 ) ( 32,561 ) - Other operating expenses (1) ( 148,095 ) ( 90,992 ) ( 54,917 ) ( 2,186 ) NOI attributable to noncontrolling interests in ( 89,948 ) ( 11,007 ) ( 78,941 ) - NOI from unconsolidated joint ventures 20,694 12,880 7,681 133 Paramount's share of NOI (2) $ 357,972 $ 258,287 $ 103,216 $ ( 3,531 ) For the Year Ended December 31, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 711,956 $ 468,409 $ 245,560 $ ( 2,013 ) Real estate related taxes ( 144,941 ) ( 112,899 ) ( 32,042 ) - Other operating expenses (1) ( 132,481 ) ( 86,186 ) ( 42,354 ) ( 3,941 ) NOI attributable to noncontrolling interests in ( 82,587 ) ( 10,384 ) ( 72,203 ) - NOI from unconsolidated joint ventures 21,278 13,257 7,733 288 Paramount's share of NOI (2) $ 373,225 $ 272,197 $ 106,694 $ ( 5,666 ) (1) Primarily comprised of cleaning, security, repairs and maintenance, and utilities. (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 includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Paramount's share of NOI $ 363,863 $ 357,972 $ 373,225 NOI attributable to noncontrolling interests in consolidated joint ventures 92,096 89,948 82,587 Adjustments to arrive to net loss: Fee income 21,880 21,597 28,421 Depreciation and amortization expense ( 239,542 ) ( 250,644 ) ( 232,517 ) General and administrative expenses ( 66,333 ) ( 61,986 ) ( 59,487 ) Loss from real estate related fund investments ( 128 ) ( 96,375 ) ( 2,233 ) Loss from unconsolidated joint ventures ( 47,359 ) ( 270,298 ) ( 53,251 ) NOI from unconsolidated joint ventures ( 23,666 ) ( 20,694 ) ( 21,278 ) Interest and other income, net 30,455 14,837 5,174 Interest and debt expense ( 166,952 ) ( 152,990 ) ( 143,864 ) Other, net ( 650 ) ( 1,244 ) ( 1,709 ) Loss before income taxes ( 36,336 ) ( 369,877 ) ( 24,932 ) Income tax expense ( 2,058 ) ( 1,426 ) ( 3,265 ) Net loss ( 38,394 ) ( 371,303 ) ( 28,197 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 22,462 ) ( 20,464 ) ( 13,981 ) Consolidated real estate related funds 10,292 109,795 3,342 Operating Partnership 4,276 22,228 2,433 Net loss attributable to common stockholders $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other December 31, 2024 $ 7,871,503 $ 5,138,087 $ 2,332,583 $ 400,833 December 31, 2023 8,006,215 5,214,504 2,342,395 449,316 December 31, 2022 8,453,254 5,311,636 2,631,265 510,353

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	23. Subsequent Events On January 17, 2025, we entered into a consent agreement with the lenders of our revolving credit facility to permit the disposition of a 45.0 % equity interest in 900 Third Avenue (as further described below). In connection therewith, we reduced the aggregate commitments under the credit facility to $ 450,000,000 and modified our credit facility to, among other things, (i) reduce the aggregate unencumbered asset value of all unencumbered eligible properties from $ 900,000,000 to $ 500,000,000 , (ii) increase the secured leverage ratio as of the last day of any relevant fiscal quarter from 50 % to 60 %, and (iii) limit borrowings under the credit facility to $ 200,000,000 through June 30, 2025. On January 17, 2025, we sold a 45.0 % equity interest in 900 Third Avenue, a 600,000 square foot Class A office building located in New York, at a gross asset valuation of $ 210,000,000 and retained net proceeds of approximately $ 94,000,000 from the sale. Upon executing the contract in December 2024, we received a deposit of $ 9,450,000 , which is included as a component of “restricted cash” on our consolidated balance sheet, and the balance was received at closing.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I (Amounts in thousands) Life on which Costs capitalized depreciation subsequent Gross amount at which Accumulated in latest Initial cost to company to acquisition carried at close of period depreciation Date of income Description Encumbrances Land Building and Land Building and Land Building and Total (1) and construction / renovation Date statement 1633 Broadway $ 1,250,000 $ 502,846 $ 1,398,341 $ - $ 164,581 $ 502,846 $ 1,562,922 $ 2,065,768 $ ( 436,492 ) 1971 / 2015 11/2014 5 to 40 Years 1301 Avenue of the Americas 860,000 406,039 1,051,697 - 263,059 406,039 1,314,756 1,720,795 ( 325,737 ) 1963 / 2023 11/2014 5 to 40 Years 31 West 52nd Street 500,000 221,318 604,994 - 103,265 221,318 708,259 929,577 ( 178,050 ) 1987 / 2019 11/2014 5 to 40 Years 1325 Avenue of the Americas - 174,688 370,553 - 68,150 174,688 438,703 613,391 ( 117,780 ) 1989 / 2019 11/2014 5 to 40 Years 900 Third Avenue - 103,741 296,031 - 32,627 103,741 328,658 432,399 ( 86,677 ) 1983 / 2023 11/2014 5 to 40 Years Total New York 2,610,000 1,408,632 3,721,616 - 631,682 1,408,632 4,353,298 5,761,930 ( 1,144,736 ) One Market Plaza 850,000 288,743 988,014 - 142,685 288,743 1,130,699 1,419,442 ( 310,769 ) 1976 / 2016 11/2014 5 to 40 Years 300 Mission Street 232,050 141,097 343,819 - 58,392 141,097 402,211 543,308 ( 87,145 ) 1968 / 2020 07/2017 5 to 40 Years One Front Street - 127,765 376,919 - 22,373 127,765 399,292 527,057 ( 86,904 ) 1979 12/2016 5 to 40 Years Total San Francisco 1,082,050 557,605 1,708,752 - 223,450 557,605 1,932,202 2,489,807 ( 484,818 ) Other - - - - 39,597 - 39,597 39,597 ( 9,975 ) 11/2014 5 to 40 Years Total $ 3,692,050 $ 1,966,237 $ 5,430,368 $ - $ 894,729 $ 1,966,237 $ 6,325,097 $ 8,291,334 $ ( 1,639,529 ) (1) The basis of the Company’s assets for tax purposes is approximately $ 2.2 billion lower than the amount reported for financial statement purposes. PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Real Estate: Beginning balance $ 8,216,616 $ 8,143,777 $ 8,028,061 Acquisitions - - - Additions during the year: Land - - - Buildings and improvements 116,499 107,156 127,102 Assets sold and written-off ( 41,781 ) ( 34,317 ) ( 11,386 ) Ending balance $ 8,291,334 $ 8,216,616 $ 8,143,777 Accumulated Depreciation: Beginning balance $ 1,471,819 $ 1,297,553 $ 1,112,977 Additions charged to expense 209,491 208,583 195,962 Accumulated depreciation related ( 41,781 ) ( 34,317 ) ( 11,386 ) Ending balance $ 1,639,529 $ 1,471,819 $ 1,297,553

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation.
Real Estate	Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years . Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale.
Variable Interest Entities and Investments in Unconsolidated Joint Ventures and Funds	Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and the right to receive returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We may discontinue applying the equity method of accounting when the investment in the joint venture is reduced to zero and when we have no obligation to provide financial support to the joint venture. Upon discontinuing equity method accounting, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. We review our investments in unconsolidated joint ventures for impairment whenever events or changes and circumstances indicate a decline in the fair value of the investment below the investment carrying amount and such decline is other than temporary . Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash.
Restricted Cash	Restricted Cash Restricted cash consists primarily of cash restricted or escrowed under loan agreements for debt service, real estate taxes, property insurance, capital improvements and security deposits held on behalf of our tenants.
Deferred Charges	Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” in our consolidated statements of income.
Deferred Financing Costs Related to Notes and Mortgages Payable	Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consist of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” in our consolidated statements of income.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging . The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have designated a derivative as a hedge and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. We use derivative financial instruments in the normal course of business to selectively manage or hedge a portion of the risk associated with our indebtedness and interest payments. Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish these objectives, we primarily use interest rate swaps and interest rate caps. Interest rate swaps and interest rate caps that are designated as hedges are so designated at the inception of the contract. We require that hedging derivative instruments be highly effective in reducing the risk exposure that they are designated to hedge. The changes in the fair value of interest rate swaps and interest rate caps that are designated as hedges are recognized in other comprehensive income or loss (outside of earnings) and subsequently reclassified to earnings over the term that the hedged transaction affects earnings.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures , defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The objective of fair value is to determine the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (the exit price). ASC Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 – quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 – observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 – unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, we utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment is necessary to interpret Level 2 and 3 inputs in determining the fair value of our financial and non-financial assets and liabilities. Accordingly, our fair value estimates, which are made at the end of each reporting period, may be different than the amounts that may ultimately be realized upon sale or disposition of these assets or settlement of these liabilities. We use the following methods and assumptions in estimating fair value for financial instruments that are presented at fair value on our consolidated balance sheets: Interest Rate Swaps and Interest Rate Caps Interest rate swaps and interest rate caps are valued by a third-party specialist using widely accepted valuation techniques. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed and variable cash payments or receipts. The variable cash payments or receipts are based on future interest rates derived from observable market interest rate curves. The fair values of interest rate caps are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the interest rate caps. The variable interest rates used in the calculation of expected cash receipts are based on future interest rates derived from observable market interest rate curves and volatilities. We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs. We have determined that the significance of the impact of the credit valuation adjustments made to our derivative contracts was not significant to the overall valuation. As a result, all of our derivatives held as December 31, 2024, are classified as Level 2 in the fair value hierarchy. Real Estate Related Fund Investments Our real estate related fund investments include mezzanine loan investments made by Paramount Group Real Estate Fund X, LP (“Fund X”). Fund X qualifies as an investment company pursuant to ASC Topic 946, Financial Services - Investment Companies. Accordingly, the underlying investments are generally carried at fair value, except investments that have a fair value above par value and where the borrower has the option to prepay the loan are carried at par value. These investments are classified as Level 3 in the fair value hierarchy. We use the following methods and assumptions in estimating fair value for financial instruments that are not presented at fair value on our consolidated balance sheets, but are disclosed in the notes to our consolidated financial statements: Notes and Mortgages Payable Notes and mortgages payable are valued by a third-party specialist using the standard practice of modeling the contractual cash flows required under the instrument and discounting them back to their present value at the appropriate current risk adjusted interest rate. For floating rate debt, we use forward rates derived from observable market yield curves to project the expected cash payments we would be required to make under the instrument. The notes and mortgages payable are classified as Level 2 in the fair value hierarchy. The carrying values of all other financial instruments on our consolidated balance sheets, including cash and cash equivalents, restricted cash, accounts and other receivables and accounts payable and accrued expenses, approximate their fair values due to the short-term nature of these instruments.
Revenue Recognition	Revenue Recognition Rental Revenue We lease office, retail and storage space to tenants, primarily under non-cancellable operating leases which generally have terms ranging from five to fifteen years . Most of our leases provide tenants with extension options at either fixed or market rates and few of our leases provide tenants with options to early terminate, but such options generally impose an economic penalty on the tenant upon exercising. Rental revenue is recognized in accordance with ASC Topic 842, Leases, and includes (i) fixed payments of cash rents, which represents revenue each tenant pays in accordance with the terms of its respective lease and that is recognized on a straight-line basis over the non-cancellable term of the lease, and includes the effects of rent steps and rent abatements under the leases, (ii) variable payments of tenant reimbursements, which are recoveries of all or a portion of the operating expenses and real estate taxes of the property and 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. We evaluate the collectability of our tenant receivables for payments required under the lease agreements. If we determine that collectability is not probable, the difference between rental revenue recognized and rental payments received is recorded as an adjustment to “rental revenue” in our consolidated statements of income. Fee and Other Income Fee income includes (i) asset management fees, (ii) property management fees, (iii) fees relating to acquisitions, dispositions and leasing services and (iv) other fee income, and is recognized in accordance with ASC Topic 606, Revenue from Contracts with Customers . Fee income is generated from the various services we provide to our customers and is disaggregated based on the types of services we provide pursuant to ASC Topic 606. Fee income is recognized as and when we satisfy our performance obligations pursuant to contractual agreements. Property management and asset management services are provided continuously over time and revenue is recognized over that time. Fee income relating to acquisitions, dispositions and leasing services is recognized upon completion of the acquisition, disposition or leasing services as required in the contractual agreements. The amount of fee income to be recognized is stated in the contract as a fixed price or as a stated percentage of revenues, contributed capital or transaction price. Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation . The fair value of the award on the date of grant (adjusted for estimated forfeitures) is ratably amortized into expense over the vesting period of the respective grants. The determination of fair value of these awards involves the use of significant estimates and assumptions, including expected volatility of our stock, expected dividend yield, expected term, and assumptions of whether these awards achieve the requisite performance criteria.
Income Taxes	Income Taxes We operate and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute currently to our stockholders. In order to maintain our qualification as a REIT, we are required under the Internal Revenue Code of 1986, as amended, to distribute at least 90 % of our taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If, with respect to any taxable year, we fail to maintain our qualification as a REIT, and we are not entitled to relief under the relevant statutory provisions, we would be subject to income tax at regular corporate tax rates. Even if we qualify as a REIT, we may also be subject to certain state, local and franchise taxes. Under certain circumstances, U.S. federal income tax may be due on our undistributed taxable income. We treat certain consolidated subsidiaries, and may in the future elect to treat newly formed subsidiaries, as taxable REIT subsidiaries (“TRSs”). TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Our TRSs had a combined current income tax expense of approximately $ 2,056,000 , $ 484,000 , and $ 1,942,000 for the years ended December 31, 2024, 2023 and 2022, respectively. In addition, our TRSs had a combined deferred income tax benefit of $ 76,000 for the year ended December 31, 2024, and combined expense of $ 181,000 and $ 101,000 for the years ended December 31, 2023 and 2022, respectively. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Net loss attributable to Paramount Group, Inc. $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 18,266 ) 6,832 ( 5,780 ) Depreciation and amortization 39,091 39,037 54,892 Stock-based compensation 18,460 19,052 17,607 Our share of real estate impairment losses of 33,733 226,230 31,685 Other, net ( 13,941 ) 3,014 20,352 Estimated taxable income $ 12,789 $ 34,421 $ 82,353 The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, 2024 2023 2022 Amount % Amount % Amount % Ordinary income $ 0.059 (1) 56.2 % $ 0.158 (1) 89.3 % $ 0.373 (1) 100.0 % Long-term capital gain - 0.0 % - 0.0 % - 0.0 % Return of capital 0.046 43.8 % 0.019 10.7 % - 0.0 % Total $ 0.105 (2) 100.0 % $ 0.177 (2)(3) 100.0 % $ 0.373 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2023 of $ 0.035 per share, that were paid in January 2024, were attributable to the year ended December 31, 2024 for federal income tax purposes. (3) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that were paid in January 2023, were a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023.
Segments	Segments Our operating segments, which consist of each one of our properties, are aggregated into two reportable segments based on two geographic regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker (“CODM”), makes key operating decisions, evaluates financial results and manages our business. See Note 22, Segments.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ materially from those estimates. 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 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 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. We adopted the provisions of ASU 2023-07 and accordingly have added disclosure of the significant segment expenses retrospectively for all periods presented. See Note 22, Segments . 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 will adopt the provisions of ASU 2023-09 on January 1, 2025 , and do no t believe that the adoption of ASU 2023-09 will have a material impact on our consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, an update to ASC Topic 220, Income Statement - Reporting Comprehensive Income . ASU 2024-03 requires disaggregated disclosures in the notes to the financial statements of each income statement line item that contain certain categories of expenses, including employee compensation, depreciation and amortization. ASU 2024-03 is effective for our year ending December 31, 2027, and interim periods beginning after December 15, 2027, with early adoption permitted. We are evaluating the impact of ASU 2024-03 on our consolidated financial statements and the related disclosures.

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Summary of Reconciliation Net Loss Attributable to Estimated Taxable Income	The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Net loss attributable to Paramount Group, Inc. $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) Book to tax differences: Straight-lining of rents and amortization of above and ( 18,266 ) 6,832 ( 5,780 ) Depreciation and amortization 39,091 39,037 54,892 Stock-based compensation 18,460 19,052 17,607 Our share of real estate impairment losses of 33,733 226,230 31,685 Other, net ( 13,941 ) 3,014 20,352 Estimated taxable income $ 12,789 $ 34,421 $ 82,353
Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes	The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2024, 2023 and 2022. For the Year Ended December 31, 2024 2023 2022 Amount % Amount % Amount % Ordinary income $ 0.059 (1) 56.2 % $ 0.158 (1) 89.3 % $ 0.373 (1) 100.0 % Long-term capital gain - 0.0 % - 0.0 % - 0.0 % Return of capital 0.046 43.8 % 0.019 10.7 % - 0.0 % Total $ 0.105 (2) 100.0 % $ 0.177 (2)(3) 100.0 % $ 0.373 (3) 100.0 % (1) Represents amounts treated as “qualified REIT dividends” for purposes of Internal Revenue Code Section 199A. (2) Dividends declared in the fourth quarter of the year ended December 31, 2023 of $ 0.035 per share, that were paid in January 2024, were attributable to the year ended December 31, 2024 for federal income tax purposes. (3) Dividends declared in the fourth quarter of the year ended December 31, 2022 of $ 0.0775 per share, that were paid in January 2023, were a split-year dividend with $ 0.070425 per share attributable to the year ended December 31, 2022 for federal income tax purposes and the remaining $ 0.007075 per share attributable to the year ended December 31, 2023.

Consolidated Real Estate Rela_2

Consolidated Real Estate Related Funds (Tables)	12 Months Ended
	Dec. 31, 2024
Real Estate Fund [Abstract]
Summary of Loss from Real Estate Related Fund Investments	Period from For the Year Ended December 31, December 12, 2022 to (Amounts in thousands) 2024 2023 December 31, 2022 Net investment income $ 647 $ 11,347 $ 394 Net realized losses - ( 46,894 ) - Net unrealized losses ( 775 ) ( 60,828 ) - Loss recognized upon consolidation of real estate related - - ( 2,627 ) Loss from real estate related fund investments ( 128 ) ( 96,375 ) ( 2,233 ) Less: noncontrolling interests in consolidated real 124 84,784 ( 420 ) Loss from real estate related fund investments $ ( 4 ) $ ( 11,591 ) $ ( 2,653 )

Investments in Unconsolidated_2

Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 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 December 31, Our Share of Investments: Ownership 2024 2023 712 Fifth Avenue (1) 50.0 % $ - $ - Market Center (1) 67.0 % - - 55 Second Street (1) 44.1 % - 30,322 111 Sutter Street (1) 49.0 % - - 1600 Broadway (2) 9.2 % 8,161 8,646 60 Wall Street (3) 5.0 % 1,212 - One Steuart Lane (2) 35.0 % (4) 76,579 89,949 Oder-Center, Germany 9.5 % - 3,322 Investments in unconsolidated joint ventures $ 85,952 $ 132,239 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2024 2023 2022 712 Fifth Avenue (1) $ - $ - $ - Market Center (1) - ( 161,514 ) (5) ( 10,405 ) 55 Second Street (1) ( 30,221 ) (6) ( 55,018 ) (6) ( 2,943 ) 111 Sutter Street (1) - - ( 35,190 ) (7) 1600 Broadway (2) 1 - ( 9 ) 60 Wall Street (3) ( 1,525 ) ( 25,001 ) ( 89 ) One Steuart Lane (2) ( 11,577 ) (8) ( 28,727 ) (8) ( 4,696 ) Oder-Center, Germany ( 4,037 ) (9) ( 38 ) 81 Loss from unconsolidated joint ventures $ ( 47,359 ) $ ( 270,298 ) $ ( 53,251 ) (1) As of December 31, 2024, our basis in the joint ventures that own 712 Fifth Avenue, Market Center, 55 Second Street 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 December 31, 2024, the carrying amount of our investments in 1600 Broadway and One Steuart Lane was greater than our share of equity in these investments by $ 299 and $ 511 , 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 fourth quarter of 2023, the joint venture that owns Market Center recognized a $ 341,872 real estate impairment loss, of which our 67.0 % share was $ 229,054 . Given that our share of the real estate impairment loss together with our share of operating and other losses recognized in the fourth quarter brought the basis of our investment in the joint venture below zero, in accordance with GAAP, we were limited to recognizing $ 148,906 of the real estate impairment loss during the year ended December 31, 2023. (6) In the fourth quarter of 2023, the joint venture that owns 55 Second Street recognized a $ 119,279 real estate impairment loss, of which our share was $ 52,590 . In the fourth quarter of 2024, the joint venture also recognized an additional $ 87,160 real estate impairment loss, of which our share was $ 38,429 . Given that our share of the real estate impairment loss together with our share of operating and other losses recognized in the year brought the basis of our investment in the joint venture below zero, in accordance with GAAP, we were limited to recognizing $ 29,818 of the real estate impairment loss during the year ended December 31, 2024. (7) In the fourth quarter of 2022, the joint venture that owns 111 Sutter Street recognized a $ 64,663 real estate impairment loss, of which our share was $ 31,685 . (8) 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 . In the fourth quarter of 2024, One Steuart Lane also recognized an additional $ 32,366 of impairment losses related to residential condominium units, of which RDF’s share was $ 11,328 . (9) In the fourth quarter of 2024, we recorded an impairment loss on our investment in Oder-Center, Germany of $ 3,915 .
Unconsolidated Joint Ventures [Member]
Summary of Financial Information of Unconsolidated Joint Ventures	The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates thereof and for the periods set forth below. (Amounts in thousands) As of December 31, Balance Sheets: 2024 2023 Real estate, net $ 1,567,771 $ 1,528,595 Cash and cash equivalents and restricted cash 154,669 167,355 Intangible assets, net 42,672 52,164 For-sale residential condominium units (1) 195,113 246,824 Deferred rent receivable 42,128 35,448 Other assets 26,813 48,731 Total assets $ 2,029,166 $ 2,079,117 Notes and mortgages payable, net $ 1,783,587 $ 1,744,706 Accounts payable and accrued expenses 59,860 92,770 Intangible liabilities, net 2,480 5,026 Other liabilities 73,129 5,692 Total liabilities 1,919,056 1,848,194 Equity 110,110 230,923 Total liabilities and equity $ 2,029,166 $ 2,079,117 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2024 2023 2022 Revenues: Rental revenue $ 138,390 $ 155,549 $ 194,031 Other income (2) 34,782 11,234 65,850 Total revenues 173,172 166,783 259,881 Expenses: Operating (2) 138,121 (3) 169,826 (3) 152,313 Depreciation and amortization 46,522 67,727 85,949 Total expenses 184,643 237,553 238,262 Other income (expense): Interest and other income, net 6,187 3,035 991 Interest and debt expense ( 62,234 ) ( 73,485 ) ( 62,173 ) Gain on settlement of interest rate swap 2,498 - - Real estate impairment loss ( 87,160 ) (4) ( 917,044 ) (5) ( 64,663 ) (6) Loss before income taxes ( 152,180 ) ( 1,058,264 ) ( 104,226 ) Income tax expense ( 26 ) ( 32 ) ( 60 ) Net loss $ ( 152,206 ) $ ( 1,058,296 ) $ ( 104,286 ) (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 impairment losses related to condominium units at One Steuart Lane of $ 32,366 and $ 68,407 in the years ended December 31, 2024 and 2023, respectively, of which RDF’s share was $ 11,328 and $ 23,942 , respectively. See note 8 on page 84 . (4) Represents real estate impairment losses related to 55 Second Street of which our share was $ 29,818 . See note 6 on page 84 . (5) Represents real estate impairment losses related to 60 Wall Street, Market Center and 55 Second Street of which our share was $ 24,734 , $ 148,906 and $ 52,590 , respectively. See notes 3, 5, and 6 on page 84 . (6) Represents a real estate impairment loss on 111 Sutter Street, of which our share was $ 31,685 . See note 7 on page 84 .

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 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 December 31, (Amounts in thousands) 2024 2023 Intangible assets: Gross amount $ 197,625 $ 262,541 Accumulated amortization ( 147,133 ) ( 194,536 ) $ 50,492 $ 68,005 Intangible liabilities: Gross amount $ 114,618 $ 136,820 Accumulated amortization ( 93,748 ) ( 108,817 ) $ 20,870 $ 28,003 For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Amortization of above and below-market leases, net $ 5,825 $ 5,376 $ 1,748 Amortization of acquired in-place leases $ 15,355 $ 19,563 $ 21,645
Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases	The following table sets forth annual amortization of acquired above and below-market leases, net and amortization of acquired in-place leases for each of the five succeeding years commencing from January 1, 2025. (Amounts in thousands) Above and Below- In-Place Leases 2025 $ 4,328 $ 10,034 2026 2,947 7,137 2027 2,635 6,493 2028 2,554 6,414 2029 2,117 5,756

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our consolidated outstanding debt. Paramount Maturity Fixed/ Interest Rate As of December 31, (Amounts in thousands) Ownership Date Variable Rate December 31, 2024 2024 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 ( 15,420 ) ( 13,566 ) Total notes and mortgages payable, net $ 3,676,630 $ 3,803,484 Revolving Credit Facility 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.
Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility	The following table summarizes the principal repayments required for the next five years and thereafter in connection with our consolidated notes and mortgages payable and revolving credit facility as of December 31, 2024. Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2025 $ - $ - $ - 2026 1,592,050 1,592,050 - 2027 850,000 850,000 - 2028 - - - 2029 1,250,000 1,250,000 - Thereafter - - -

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 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 December 31, 2024 December 31, 2023 (Amounts in thousands) 1301 Avenue of the Americas $ 860,000 Aug-2024 Aug-2025 SOFR 3.50 % $ 3,650 $ - 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") $ 3,650 $ 1,263

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2024, 2023 and 2022, respectively, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Amount of income related to the cash flow hedges (1) $ 2,945 $ 5,595 $ 39,865 Amount reclassified from accumulated other comprehensive (1) ( 15,378 ) ( 31,039 ) ( 8,026 ) Amount of income (loss) related to unconsolidated joint ventures 712 ( 5,055 ) (2) 18,859 (2) Amounts reclassified from accumulated other comprehensive - ( 9,529 ) (2) ( 374 ) (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)	12 Months Ended
	Dec. 31, 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 December 31, (Amounts in thousands) 2024 2023 Real estate, net $ 3,199,972 $ 3,284,532 Cash and cash equivalents and restricted cash 280,258 176,354 Accounts and other receivables 10,067 10,005 Real estate related fund investments - 775 Investments in unconsolidated joint ventures 76,579 89,949 Deferred rent receivable 192,939 207,938 Deferred charges, net 38,610 45,190 Intangible assets, net 28,569 38,209 Other assets 7,078 7,374 Total VIE assets $ 3,834,072 $ 3,860,326 Notes and mortgages payable, net $ 2,320,880 $ 2,450,401 Accounts payable and accrued expenses 54,877 48,952 Intangible liabilities, net 12,581 17,180 Other liabilities 5,334 5,852 Total VIE liabilities $ 2,393,672 $ 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 December 31, (Amounts in thousands) 2024 2023 Investments in unconsolidated real estate related funds $ 4,649 $ 4,549 Investments in unconsolidated joint venture 1,212 - Asset management fees and other receivables 482 18 Maximum risk of loss $ 6,343 $ 4,567

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2024 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate cap assets (included in "other assets") $ 3,650 $ - $ 3,650 $ - Total assets $ 3,650 $ - $ 3,650 $ - 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 year ended December 31, 2023. For the Year Ended (Amounts in thousands) December 31, 2023 Beginning balance $ 105,369 Additional investments 11,897 Proceeds from sale of an investment ( 8,769 ) Net realized losses ( 46,894 ) Net unrealized losses ( 60,828 ) Other, net ( 775 ) Ending balance $ -
Summary of Carrying Amounts and Fair Value of Financial Instruments	The following table summarizes the carrying amounts and fair value of these financial instruments as of the dates set forth below. As of December 31, 2024 As of December 31, 2023 (Amounts in thousands) Carrying Fair Carrying Fair Notes and mortgages payable $ 3,692,050 $ 3,412,126 $ 3,817,050 $ 3,517,549 Revolving credit facility - - - - Total liabilities $ 3,692,050 $ 3,412,126 $ 3,817,050 $ 3,517,549

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Rental Revenues	The following table sets forth the details of our rental revenue. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Rental revenue: Fixed $ 630,125 $ 635,314 $ 645,950 Variable 91,625 76,156 56,869 Total rental revenue $ 721,750 $ 711,470 $ 702,819
Schedule of Future Undiscounted Cash Flows Under Non-Cancelable Operating Leases	The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2024, for each of the five succeeding years and thereafter commencing January 1, 2025. (Amounts in thousands) 2025 $ 585,746 2026 515,359 2027 464,412 2028 460,389 2029 440,166 Thereafter 1,751,259 Total $ 4,217,331

Fee and Other Income (Tables)

Fee and Other Income (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Fee income: Asset management $ 8,840 $ 11,075 $ 12,270 Property management 6,660 7,278 7,981 Acquisition, disposition, leasing and other 6,380 3,244 8,170 Total fee income 21,880 21,597 28,421 Other income (1) 13,821 9,721 9,137 Total fee and other income $ 35,701 $ 31,318 $ 37,558 (1) Primarily comprised of (i) tenant requested services, including cleaning, overtime heating and cooling and (ii) parking income.
Summary of Amount Receivable from Customers under Various Fee Agreement	The following table sets forth the amounts receivable from our customers under our various fee agreements and are included as a component of “accounts and other receivables” on our consolidated balance sheets. Acquisition, Asset Property Disposition, Leasing (Amounts in thousands) Total Management Management and Other Accounts and other receivables: Balance as of December 31, 2023 $ 2,554 $ 1,850 $ 586 $ 118 Balance as of December 31, 2024 1,954 1,326 447 181 (Decrease) increase $ ( 600 ) $ ( 524 ) $ ( 139 ) $ 63

Interest and Other Income, net

Interest and Other Income, net (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Interest income, net $ 15,018 $ 14,837 $ 5,174 Non-cash gain on extinguishment of IPO related tax liability 15,437 - - Total interest and other income, net $ 30,455 $ 14,837 $ 5,174

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Interest expense $ 156,702 $ 146,771 $ 137,708 Amortization of deferred financing costs 10,250 6,219 6,156 Total interest and debt expense $ 166,952 $ 152,990 $ 143,864

Incentive Compensation (Tables)

Incentive Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Restricted Stock [Member]
Summary of LTIP Unit and Restricted Stock Activity	The table below summarizes our restricted stock activity for the year ended December 31, 2024. Shares Weighted-Average Grant-Date Fair Value (per share) Unvested as of December 31, 2023 285,651 $ 7.49 Granted 50,000 4.80 Vested ( 147,455 ) 7.18 Cancelled or expired ( 1,687 ) 9.09 Unvested as of December 31, 2024 186,509 $ 7.00
Long Term Incentive Plan [Member] | Performance Programs [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our P-LTIP unit activity for the year ended December 31, 2024. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2023 5,933,697 $ 5.92 Granted - - Earned and vested ( 409,046 ) 4.44 Cancelled or expired ( 1,145,491 ) 4.30 Unvested as of December 31, 2024 4,379,160 $ 6.48
Long Term Incentive Plan [Member] | Time-Based Unit Awards Program [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our T-LTIP unit activity for the year ended December 31, 2024. Units Weighted-Average Grant-Date Fair Value (per unit) Unvested as of December 31, 2023 6,474,471 $ 5.51 Granted 338,599 4.19 Vested ( 1,051,992 ) 8.27 Cancelled or expired ( 6,266 ) 8.66 Unvested as of December 31, 2024 5,754,812 $ 4.92
Performance based AOLTIP [Member] | Performance Programs [Member]
Summary of Stock Option Activity	The following table summarizes our P-AOLTIP unit activity granted for the year ended December 31, 2024. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2023 7,518,519 $ 5.12 Granted - - Exercised - - Cancelled or expired - - Outstanding as of December 31, 2024 7,518,519 $ 5.12 8.7 $ - P-AOLTIP units vested and expected 6,992,223 $ 5.12 8.7 $ - P-AOLTIP units exercisable as of - $ - - $ -
Time based AOLTIP [Member]
Summary of Stock Option Activity	The following table summarizes our T-AOLTIP unit activity for the year ended December 31, 2024. Shares Weighted-Average Price Weighted-Average Aggregate Outstanding as of December 31, 2023 6,642,144 $ 7.99 Granted 685,041 4.43 Exercised - - Cancelled or expired - - Outstanding as of December 31, 2024 7,327,185 $ 7.66 4.3 $ 349,000 T-AOLTIP units vested and expected to vest as of 7,176,298 $ 7.66 4.3 $ 349,000 T-AOLTIP units exercisable as of December 31, 2024 5,171,648 $ 7.73 4.3 $ 349,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 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 Year Ended December 31, (Amounts in thousands, except per share amounts) 2024 2023 2022 Numerator: Net loss attributable to common stockholders $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 ) Earnings allocated to unvested participating securities ( 14 ) ( 50 ) ( 85 ) Numerator for net loss per common share - basic and diluted ( 46,302 ) ( 259,794 ) ( 36,488 ) Denominator: Denominator for basic loss per common share - 217,241 216,922 221,310 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - 217,241 216,922 221,310 Loss per common share - basic and diluted $ ( 0.21 ) $ ( 1.20 ) $ ( 0.16 ) (1) The effect of dilutive securities for the years ended December 31, 2024, 2023 and 2022 excludes 22,000 , 18,749 and 20,064 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Paramount's Share of Net Operating Income 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 Year Ended December 31, 2024 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 735,571 $ 462,871 $ 272,486 $ 214 Real estate related taxes ( 149,150 ) ( 116,374 ) ( 32,776 ) - Other operating expenses (1) ( 154,128 ) ( 93,782 ) ( 56,045 ) ( 4,301 ) NOI attributable to noncontrolling interests in ( 92,096 ) ( 10,081 ) ( 82,015 ) - NOI from unconsolidated joint ventures 23,666 16,148 7,445 73 Paramount's share of NOI (2) $ 363,863 $ 258,782 $ 109,095 $ ( 4,014 ) For the Year Ended December 31, 2023 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 721,191 $ 460,715 $ 261,954 $ ( 1,478 ) Real estate related taxes ( 145,870 ) ( 113,309 ) ( 32,561 ) - Other operating expenses (1) ( 148,095 ) ( 90,992 ) ( 54,917 ) ( 2,186 ) NOI attributable to noncontrolling interests in ( 89,948 ) ( 11,007 ) ( 78,941 ) - NOI from unconsolidated joint ventures 20,694 12,880 7,681 133 Paramount's share of NOI (2) $ 357,972 $ 258,287 $ 103,216 $ ( 3,531 ) For the Year Ended December 31, 2022 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 711,956 $ 468,409 $ 245,560 $ ( 2,013 ) Real estate related taxes ( 144,941 ) ( 112,899 ) ( 32,042 ) - Other operating expenses (1) ( 132,481 ) ( 86,186 ) ( 42,354 ) ( 3,941 ) NOI attributable to noncontrolling interests in ( 82,587 ) ( 10,384 ) ( 72,203 ) - NOI from unconsolidated joint ventures 21,278 13,257 7,733 288 Paramount's share of NOI (2) $ 373,225 $ 272,197 $ 106,694 $ ( 5,666 ) (1) Primarily comprised of cleaning, security, repairs and maintenance, and utilities. (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 includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.
Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders	The following table provides a reconciliation of Paramount's share of NOI to net loss attributable to common stockholders for the periods set forth below. For the Year Ended December 31, (Amounts in thousands) 2024 2023 2022 Paramount's share of NOI $ 363,863 $ 357,972 $ 373,225 NOI attributable to noncontrolling interests in consolidated joint ventures 92,096 89,948 82,587 Adjustments to arrive to net loss: Fee income 21,880 21,597 28,421 Depreciation and amortization expense ( 239,542 ) ( 250,644 ) ( 232,517 ) General and administrative expenses ( 66,333 ) ( 61,986 ) ( 59,487 ) Loss from real estate related fund investments ( 128 ) ( 96,375 ) ( 2,233 ) Loss from unconsolidated joint ventures ( 47,359 ) ( 270,298 ) ( 53,251 ) NOI from unconsolidated joint ventures ( 23,666 ) ( 20,694 ) ( 21,278 ) Interest and other income, net 30,455 14,837 5,174 Interest and debt expense ( 166,952 ) ( 152,990 ) ( 143,864 ) Other, net ( 650 ) ( 1,244 ) ( 1,709 ) Loss before income taxes ( 36,336 ) ( 369,877 ) ( 24,932 ) Income tax expense ( 2,058 ) ( 1,426 ) ( 3,265 ) Net loss ( 38,394 ) ( 371,303 ) ( 28,197 ) Less net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures ( 22,462 ) ( 20,464 ) ( 13,981 ) Consolidated real estate related funds 10,292 109,795 3,342 Operating Partnership 4,276 22,228 2,433 Net loss attributable to common stockholders $ ( 46,288 ) $ ( 259,744 ) $ ( 36,403 )
Schedule of Total Assets for Each Reportable Segments Information	The following table provides the total assets for each of our reportable segments as of the dates set forth below. (Amounts in thousands) Total Assets as of: Total New York San Francisco Other December 31, 2024 $ 7,871,503 $ 5,138,087 $ 2,332,583 $ 400,833 December 31, 2023 8,006,215 5,214,504 2,342,395 449,316 December 31, 2022 8,453,254 5,311,636 2,631,265 510,353

Organization and Business - Add

Organization and Business - Additional Information (Details) ft² in Millions	12 Months Ended
	Dec. 31, 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%

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) Segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Minimum percentage of taxable income distributed to shareholders	90%
Income tax expense	$ 2,058,000	$ 1,426,000	$ 3,265,000
Number of reportable segments | Segment	2
Taxable REIT Subsidiaries [Member]
Income tax expense	$ 2,056,000	484,000	1,942,000
Deferred income tax expense (benefit)	$ (76,000)	$ 181,000	$ 101,000
Minimum [Member]
Estimated useful lives of the assets, years	5 years
Lease term	5 years
Maximum [Member]
Estimated useful lives of the assets, years	40 years
Lease term	15 years
ASU 2023-07 [Member]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adopted date	Jan. 01, 2025
ASU 2023-09 [Member]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adopted date	Jan. 01, 2025
Change in accounting principle, accounting standards update, immaterial effect	true

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Reconciliation Net Income (Loss) Attributable to Estimated Taxable Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net loss attributable to Paramount Group, Inc.	$ (46,288)	$ (259,744)	$ (36,403)
Book to tax differences:
Straight-lining of rents and amortization of above and below-market leases, net	(18,266)	6,832	(5,780)
Depreciation and amortization	39,091	39,037	54,892
Stock-based compensation	18,460	19,052	17,607
Our share of real estate impairment losses of unconsolidated joint ventures	33,733	226,230	31,685
Other, net	(13,941)	3,014	20,352
Estimated taxable income	$ 12,789	$ 34,421	$ 82,353

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policies - Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Cash dividend	$ 0.105	$ 0.177	$ 0.373
Ordinary income	56.20%	89.30%	100%
Long-term capital gain	0%	0%	0%
Return of capital	43.80%	10.70%	0%
Total	100%	100%	100%
O2024 A Dividends [Member]
Income Taxes [Line Items]
Cash dividend	$ 0.059
Return of capital dividends per share	$ 0.046
O 2023 A Dividends [Member]
Income Taxes [Line Items]
Cash dividend		$ 0.158
Return of capital dividends per share		$ 0.019
O 2022 A Dividends [Member]
Income Taxes [Line Items]
Cash dividend			$ 0.373

Basis of Presentation and Sig_7

Basis of Presentation and Significant Accounting Policies - Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes (Parenthetical) (Details) - $ / shares	3 Months Ended		12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Taxes [Line Items]
Cash dividend	$ 0.035	$ 0.0775
Split year dividend per share			$ 0.007075	$ 0.070425

Consolidated Real Estate Rela_3

Consolidated Real Estate Related Funds - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022
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		8.20%
Increase in ownership interest 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 Loss From Real Estate Related Fund Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Real Estate Related Fund [Line Items]
Loss from real estate related fund investments	$ (128)	$ (96,375)	$ (2,233)
Net loss attributable to common stockholders	(46,288)	(259,744)	(36,403)
Fund X [Member]
Real Estate Related Fund [Line Items]
Net investment income	647	11,347	394
Net realized losses		(46,894)
Net unrealized losses	(775)	(60,828)
Loss recognized upon consolidation of real estate related fund investments that were previously unconsolidated			(2,627)
Loss from real estate related fund investments	(128)	(96,375)	(2,233)
Less: noncontrolling interests in consolidated real estate related fund	124	84,784	(420)
Net loss attributable to common stockholders	$ (4)	$ (11,591)	$ (2,653)

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Related Funds - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Real Estate [Line Items]
Investments in the unconsolidated real estate related funds	$ 4,649,000	$ 4,549,000
Income (losses) from unconsolidated real estate funds	$ 273,000	$ (822,000)	$ (1,239,000)
Fund VIII [Member]
Real Estate [Line Items]
Alternative Investment Fund Ownership Interest Percentage	1.30%
Fund X [Member]
Real Estate [Line Items]
Alternative Investment Fund Ownership Interest Percentage			8.20%
Alternative Investment Fund Ownership Interest Percentage			13%

Investments in Unconsolidated_4

Investments in Unconsolidated Joint Ventures - Additional Information (Details) - USD ($)	Apr. 30, 2024	Mar. 29, 2024	Jan. 25, 2025	Dec. 31, 2024	Aug. 31, 2024	Dec. 31, 2023
Schedule of Equity Method Investments [Line Items]
Notes and mortgages payable				$ 3,692,050,000		$ 3,817,050,000
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
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
Fixed/Variable Rate		2.45%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
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
Debt instrument effective percentage		12%
111 Sutter Street [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture	49%			49%
Fixed/Variable Rate	2.15%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
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
Market Center [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture				67%	67%	67%
Market Center [Member] | Nonrecourse [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Non-recourse mortgage loan defaulted amount			$ 416,544,000

Investments in Unconsolidated_5

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2024	Apr. 30, 2024	Mar. 29, 2024
Schedule Of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 85,952	$ 132,239
Loss from unconsolidated joint ventures	$ (47,359)	$ (270,298)	$ (53,251)
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50%
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	67%	67%		67%
Loss from unconsolidated joint ventures		$ (161,514)	(10,405)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	44.10%
Investments in unconsolidated joint ventures		30,322
Loss from unconsolidated joint ventures	$ (30,221)	(55,018)	(2,943)
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	49%				49%
Loss from unconsolidated joint ventures			(35,190)
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.20%
Investments in unconsolidated joint ventures	$ 8,161	8,646
Loss from unconsolidated joint ventures	$ 1		(9)
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	5%					5%
Investments in unconsolidated joint ventures	$ 1,212
Loss from unconsolidated joint ventures	$ (1,525)	(25,001)	(89)
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	35%
Investments in unconsolidated joint ventures	$ 76,579	89,949
Loss from unconsolidated joint ventures	$ (11,577)	(28,727)	(4,696)
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.50%
Investments in unconsolidated joint ventures		3,322
Loss from unconsolidated joint ventures	$ (4,037)	$ (38)	$ 81

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					12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2024	Apr. 30, 2024	Mar. 29, 2024
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50%					50%
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss	$ 38,429	$ 52,590				$ 38,429	$ 52,590
Equity method paramount ownership percentage	44.10%					44.10%
Recognized real estate impairment loss	$ 29,818					$ 29,818
Real estate impairment loss	$ 87,160	119,279				$ 87,160	119,279
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss		$ 229,054					$ 229,054
Equity method paramount ownership percentage	67%	67%				67%	67%		67%
Recognized real estate impairment loss		$ 148,906					$ 148,906
Real estate impairment loss		$ 341,872					341,872
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss					$ 31,685			$ 31,685
Equity method paramount ownership percentage	49%					49%				49%
Real estate impairment loss					$ 64,663			$ 64,663
1600 Broadway [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 299					$ 299
Equity method paramount ownership percentage	9.20%					9.20%
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss				$ 24,734			24,734
Equity method paramount ownership percentage	5%					5%					5%
Real estate impairment loss				$ 455,893			455,893
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Difference between carrying amount of investment and equity	$ 511					$ 511
Equity method paramount ownership percentage	35%					35%
Equity method economic interest percentage	2.60%					2.60%
Impairment loss on for sale condominium units	$ 32,366		$ 68,407			$ 32,366	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%					7.40%
Proportionate share of impairment loss on for sale condominium units	$ 11,328		$ 23,942			$ 11,328	$ 23,942
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss	$ 3,915					$ 3,915
Equity method paramount ownership percentage	9.50%					9.50%

Investments in Unconsolidated_7

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Schedule Of Equity Method Investments [Line Items]
Rental revenue		$ 721,750		$ 711,470		$ 702,819
Other income		13,821		9,721		9,137
Total revenues		757,451		742,788		740,377
Operating		303,278		293,965		277,422
Depreciation and amortization		239,542		250,644		232,517
Total expenses		610,076		607,017		569,896
Interest and other (loss) income, net		30,455		14,837		5,174
Interest and debt expense		(166,952)		(152,990)		(143,864)
Loss before income taxes		(36,336)		(369,877)		(24,932)
Income tax expense		(2,058)		(1,426)		(3,265)
Net loss attributable to common stockholders		(46,288)		(259,744)		(36,403)
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate, net		1,567,771		1,528,595
Cash and cash equivalents and restricted cash		154,669		167,355
Intangible assets, net		42,672		52,164
For-sale residential condominium units	[1]	195,113		246,824
Deferred rent receivable		42,128		35,448
Other assets		26,813		48,731
Total assets		2,029,166		2,079,117
Notes and mortgages payable, net		1,783,587		1,744,706
Accounts payable and accrued expenses		59,860		92,770
Intangible liabilities, net		2,480		5,026
Other liabilities		73,129		5,692
Total liabilities		1,919,056		1,848,194
Equity		110,110		230,923
Total liabilities and equity		2,029,166		2,079,117
Rental revenue		138,390		155,549		194,031
Other income	[2]	34,782		11,234		65,850
Total revenues		173,172		166,783		259,881
Operating	[2]	138,121	[3]	169,826	[3]	152,313
Depreciation and amortization		46,522		67,727		85,949
Total expenses		184,643		237,553		238,262
Interest and other (loss) income, net		6,187		3,035		991
Interest and debt expense		(62,234)		(73,485)		(62,173)
Gain on settlement of interest rate swap		2,498
Real estate impairment loss		(87,160)	[4]	(917,044)	[5]	(64,663)	[6]
Loss before income taxes		(152,180)		(1,058,264)		(104,226)
Income tax expense		(26)		(32)		(60)
Net loss attributable to common stockholders		$ (152,206)		$ (1,058,296)		$ (104,286)
[1] 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 impairment losses related to condominium units at One Steuart Lane of $ 32,366 and $ 68,407 in the years ended December 31, 2024 and 2023, respectively, of which RDF’s share was $ 11,328 and $ 23,942 , respectively. See note 8 on page Represents real estate impairment losses related to 55 Second Street of which our share was $ 29,818 . See note 6 on page 84 . Represents real estate impairment losses related to 60 Wall Street, Market Center and 55 Second Street of which our share was $ 24,734 , $ 148,906 and $ 52,590 , respectively. See notes 3, 5, and 6 on page 84 . Represents a real estate impairment loss on 111 Sutter Street, of which our share was $ 31,685 . See note 7 on page 84 .

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					12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
111 Sutter Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss					$ 31,685			$ 31,685
One Steuart Lane [Member]
Schedule of Equity Method Investments [Line Items]
Impairment loss on for sale condominium units	$ 32,366		$ 68,407			$ 32,366	$ 68,407
One Steuart Lane [Member] | Residential Development Fund's [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of impairment loss on for sale condominium units	11,328		$ 23,942			11,328	23,942
Market Center [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss		$ 229,054					229,054
55 Second Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss	$ 38,429	$ 52,590				38,429	52,590
60 Wall Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss				$ 24,734			24,734
Unconsolidated Joint Ventures [Member] | 111 Sutter Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss								$ 31,685
Unconsolidated Joint Ventures [Member] | One Steuart Lane [Member]
Schedule of Equity Method Investments [Line Items]
Impairment loss on for sale condominium units						32,366	68,407
Unconsolidated Joint Ventures [Member] | One Steuart Lane [Member] | Residential Development Fund's [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of impairment loss on for sale condominium units						11,328	23,942
Unconsolidated Joint Ventures [Member] | Market Center [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss							148,906
Unconsolidated Joint Ventures [Member] | 55 Second Street [Member]
Schedule of Equity Method Investments [Line Items]
Proportionate share of real estate impairment loss						$ 29,818	52,590
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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Intangible assets:
Gross amount	$ 197,625	$ 262,541
Accumulated amortization	(147,133)	(194,536)
Intangible assets, Net	50,492	68,005
Intangible liabilities:
Gross amount	114,618	136,820
Accumulated amortization	(93,748)	(108,817)
Intangible Liabilities, Net	20,870	28,003
Amortization of above and below-market leases, net (component of "rental revenue")	(5,825)	(5,376)	$ (1,748)
Leases, Acquired-in-Place, Market Adjustment [Member]
Intangible liabilities:
Amortization of above and below-market leases, net (component of "rental revenue")	5,825	5,376	1,748
Leases, Acquired-in-Place [Member]
Intangible liabilities:
Amortization of acquired in-place leases (component of "depreciation and amortization")	$ 15,355	$ 19,563	$ 21,645

Intangible Assets and Intangi_2

Intangible Assets and Intangible Liabilities - Schedule of Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases and In Place Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Finite Lived Intangible Assets [Line Items]
2025	$ 4,328
2026	2,947
2027	2,635
2028	2,554
2029	2,117
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
2025	10,034
2026	7,137
2027	6,493
2028	6,414
2029	$ 5,756

Debt - Additional Information (

Debt - Additional Information (Details) ft² in Millions		12 Months Ended
	Feb. 01, 2024 USD ($)	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
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	$ 0
One Market Plaza [Member] | Nonrecourse [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	49%
Number of square foot | ft²		1.6
Notes and mortgages payable	$ 850,000,000		$ 975,000,000
Loan repayment share amount	$ 61,250,000
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

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate	4.21%
Credit Facility	$ 0	$ 0
Notes and mortgages payable	3,692,050	3,817,050
Less: unamortized deferred financing costs	(15,420)	(13,566)
Total notes and mortgages payable, net	$ 3,676,630	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%
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) Overnight Index Swap Rate [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]	12 Months Ended
	Dec. 31, 2024
Debt Instrument [Line Items]
Capped interest rate	3.50%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]

Debt - Summary of Principal Rep

Debt - Summary of Principal Repayments Required For Notes and Mortgages Payable and Revolving Credit Facility (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
2026	$ 1,592,050
2027	850,000
2029	1,250,000
Notes and Mortgages Payable [Member]
Debt Instrument [Line Items]
2026	1,592,050
2027	850,000
2029	$ 1,250,000

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($)		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2024	Jul. 31, 2024
Derivative [Line Items]
Notes and mortgages payable		$ 3,692,050,000	$ 3,817,050,000
Changes in fair value of these interest rate swaps and interest rate caps	[1]	2,945,000	5,595,000	$ 39,865,000
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
Derivative fixed interest rate		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		$ (12,433,000)	$ (25,444,000)	$ 31,839,000
Amount to be recognized in accumulated other comprehensive (loss) income reclassified to interest expense for next twelve months		$ 665,000
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	12 Months Ended
	Dec. 31, 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")	3,650	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")	$ 3,650	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 ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022	Nov. 30, 2019
Class Of Stock [Line Items]
Common stock shares authorized amount			$ 200,000,000
Stock repurchased	0
Stock repurchased, value		$ 65,000,000
Stock repurchase remaining authorized amount	$ 15,000,000
Common Stock [Member]
Class Of Stock [Line Items]
Stock repurchased		10,371,000
Stock repurchased, value		$ 104,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Summary of Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount of income related to the cash flow hedges recognized in other comprehensive (loss) income	[1]	$ 2,945	$ 5,595		$ 39,865
Amount reclassified from accumulated other comprehensive income decreasing interest and debt expense	[1]	(15,378)	(31,039)		(8,026)
Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive (loss) income		712	(5,055)	[2]	18,859	[2]
Amounts reclassified from accumulated other comprehensive income increasing (decreasing) loss from unconsolidated joint ventures		$ 0	$ (9,529)	[2]	$ (374)	[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 ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Consolidated joint ventures	$ 495,340,000	$ 413,925,000
Noncontrolling interests in consolidated real estate related funds aggregated	82,875,000	110,589,000
Operating partnerships	290,005,000	287,089,000
Redemption value	$ 99,085,000	$ 100,650,000
Common units conversion basis	one-for-one

Variable Interest Entities ("_3

Variable Interest Entities ("VIEs") - Additional Information (Details)	12 Months Ended
	Dec. 31, 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		Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Real estate, net		$ 6,651,805		$ 6,744,797
Cash and cash equivalents and restricted cash		555,447		509,599		$ 449,817	$ 529,666
Accounts and other receivables		18,229		18,053
Real estate related fund investments		0		775
Investments in unconsolidated joint ventures		85,952		132,239
Deferred rent receivable		356,425		351,209
Deferred charges, net		100,684		108,751
Intangible assets, net		50,492		68,005
Other assets		47,820		68,238
Total assets		7,871,503	[1]	8,006,215	[1]	$ 8,453,254
Notes and mortgages payable, net		3,676,630		3,803,484
Accounts payable and accrued expenses		119,881		114,463
Intangible liabilities, net		20,870		28,003
Other liabilities		44,625		37,017
Total liabilities	[1]	3,862,006		3,991,327
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Real estate, net		3,199,972		3,284,532
Cash and cash equivalents and restricted cash		280,258		176,354
Accounts and other receivables		10,067		10,005
Real estate related fund investments		0		775
Investments in unconsolidated joint ventures		76,579		89,949
Deferred rent receivable		192,939		207,938
Deferred charges, net		38,610		45,190
Intangible assets, net		28,569		38,209
Other assets		7,078		7,374
Total assets		3,834,072		3,860,326
Notes and mortgages payable, net		2,320,880		2,450,401
Accounts payable and accrued expenses		54,877		48,952
Intangible liabilities, net		12,581		17,180
Other liabilities		5,334		5,852
Total liabilities		$ 2,393,672		$ 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 December 31, 2024. As of December 31, 2024, the assets and liabilities of the Operating Partnership include $ 3,834,072 and $ 2,393,672 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	Dec. 31, 2024	Dec. 31, 2023
Unconsolidated Real Estate Funds [Member]
Variable Interest Entity [Line Items]
Maximum risk of loss	$ 4,649	$ 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	$ 1,212
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	$ 482	$ 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	$ 6,343	$ 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	Dec. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	$ 3,650	$ 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")	3,650
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	3,650	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")	$ 3,650
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 ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of investments	$ 0	$ 775,000
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value of investments	$ 0	$ 0	$ 105,369,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Changes in Fair Value of Real Estate Related Fund Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 775,000
Ending balance	0	$ 775,000
Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	0	105,369,000
Additional investments		11,897,000
Proceeds from sale of an investment		(8,769,000)
Net realized losses		(46,894,000)
Net unrealized losses		(60,828,000)
Other, net		(775,000)
Ending balance	$ 0	$ 0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 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	3,412,126	3,517,549
Total liabilities	$ 3,412,126	$ 3,517,549

Leases - Schedule of Rental Rev

Leases - Schedule of Rental Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Abstract]
Fixed rental revenues	$ 630,125	$ 635,314	$ 645,950
Variable rental revenues	91,625	76,156	56,869
Total rental revenue	$ 721,750	$ 711,470	$ 702,819

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Flows Under Non-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 585,746
2026	515,359
2027	464,412
2028	460,389
2029	440,166
Thereafter	1,751,259
Total	$ 4,217,331

Fee and Other Income - Summary

Fee and Other Income - Summary of Fee and Other Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Fee income:
Fee income	$ 21,880	$ 21,597	$ 28,421
Other income	13,821	9,721	9,137
Total fee and other income	35,701	31,318	37,558
Asset Management Fees [Member]
Fee income:
Fee income	8,840	11,075	12,270
Property Management Fees [Member]
Fee income:
Fee income	6,660	7,278	7,981
Acquisition, Disposition, Leasing And Other [Member]
Fee income:
Fee income	$ 6,380	$ 3,244	$ 8,170

Fee and Other Income - Summar_2

Fee and Other Income - Summary of Amount Receivable from Customers under Various Fee Agreement (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2023	$ 18,053
Balance as of December 31, 2024	18,229
Revenue from Contract with Customers Under Various Fee Agreements [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2023	2,554
Balance as of December 31, 2024	1,954
(Decrease) increase	(600)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Asset Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2023	1,850
Balance as of December 31, 2024	1,326
(Decrease) increase	(524)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2023	586
Balance as of December 31, 2024	447
(Decrease) increase	(139)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Acquisition, Disposition, Leasing And Other [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2023	118
Balance as of December 31, 2024	181
(Decrease) increase	$ 63

Interest and Other Income, ne_2

Interest and Other Income, net - Details of Interest and Other Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest and Other Income [Abstract]
Interest income, net	$ 15,018	$ 14,837	$ 5,174
Non-cash gain on extinguishment of IPO related tax liability	15,437	0	0
Total interest and other income, net	$ 30,455	$ 14,837	$ 5,174

Interest and Debt Expense - Det

Interest and Debt Expense - Details of Interest and Debt Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest and Debt Expense [Abstract]
Interest expense	$ 156,702	$ 146,771	$ 137,708
Amortization of deferred financing costs	10,250	6,219	6,156
Total interest and debt expense	$ 166,952	$ 152,990	$ 143,864

Interest and Debt Expense - D_2

Interest and Debt Expense - Details of Interest and Debt Expense (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Extinguishment of Debt [Line Items]
Proceeds from notes and mortgages payable	$ 850,000	$ 232,050	$ 0

Incentive Compensation - Additi

Incentive Compensation - Additional Information (Details) - USD ($)				12 Months Ended
	Dec. 31, 2024	Jan. 30, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	May 16, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense				$ 20,137,000	$ 20,321,000	$ 19,003,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, granted				50,000
Share vested				147,455
Unrecognized compensation cost expected to be recognized over a weighted-average period				1 year 3 months 18 days
Unrecognized compensation cost	$ 674,000			$ 674,000
Fair value granted					$ 240,000
Restricted Stock [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
Restricted Stock [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				1 year
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted				0	0	0
Stock options outstanding	966,693			966,693
Weighted average exercise price	$ 16.58			$ 16.58
Weighted-average remaining contractual term (in years)				1 year 8 months 12 days
2024 Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expiration date				Mar. 31, 2034
Shares available for future grants	13,949,540			13,949,540
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]
Share vested	204,319	204,727
Performance measurement period, term			3 years
LTIP units, earned		409,046
Percentage of LTIP units earned		24.20%
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, granted				0
Performance measurement period, term				3 years
Long Term Incentive Plan [Member] | Performance Programs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
Share vested				409,046
Unrecognized compensation cost expected to be recognized over a weighted-average period				1 year 6 months
Unrecognized compensation cost	$ 3,627,000			$ 3,627,000
Long Term Incentive Plan [Member] | Time-Based Unit Awards Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, granted				338,599
Share vested				1,051,992
Unrecognized compensation cost expected to be recognized over a weighted-average period				2 years 1 month 6 days
Unrecognized compensation cost	14,822,000			$ 14,822,000
Fair value granted				$ 1,419,000
Long Term Incentive Plan [Member] | Time-Based Unit Awards Program [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				5 years
Long Term Incentive Plan [Member] | Time-Based Unit Awards Program [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				3 years
Performance based AOLTIP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, granted				0
Unrecognized compensation cost	$ 6,970,000			$ 6,970,000
Unrecognized compensation cost expected to be recognized over a weighted-average period				2 years 7 months 6 days
Stock options outstanding	7,518,519		7,518,519	7,518,519	7,518,519
Weighted average exercise price	$ 5.12		$ 5.12	$ 5.12	$ 5.12
Weighted-average remaining contractual term (in years)				8 years 8 months 12 days
Performance based AOLTIP [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
Performance based AOLTIP [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				3 years
Time based AOLTIP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost expected to be recognized over a weighted-average period				1 year 8 months 12 days
Unrecognized compensation cost	$ 2,208,000			$ 2,208,000
Fair value granted				$ 836,000
Expected volatility				42%
Expected life				3 years 6 months
Risk free interest rate				4.40%
Expected dividend yield				4.50%
Awards granted				685,041
Stock options outstanding	7,327,185		6,642,144	7,327,185	6,642,144
Weighted average exercise price	$ 7.66		$ 7.99	$ 7.66	$ 7.99
Weighted-average remaining contractual term (in years)				4 years 3 months 18 days
Time based AOLTIP [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				4 years
Time based AOLTIP [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period				3 years

Incentive Compensation - Summar

Incentive Compensation - Summary of LTIP Unit Activity (Details) - Long Term Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Granted	0
Time-Based Unit Awards Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2023	6,474,471
Units, Granted	338,599
Units, Vested	(1,051,992)
Units, Cancelled or expired	(6,266)
Units, Unvested as of December 31, 2024	5,754,812
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2023 | $ / shares	$ 5.51
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	4.19
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	8.27
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	8.66
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2024 | $ / shares	$ 4.92
Performance Based Award Programs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2023	5,933,697
Units, Vested	(409,046)
Units, Cancelled or expired	(1,145,491)
Units, Unvested as of December 31, 2024	4,379,160
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2023 | $ / shares	$ 5.92
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	4.44
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	4.30
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2024 | $ / shares	$ 6.48

Incentive Compensation - Summ_2

Incentive Compensation - Summary of AOLTIP Unit Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares
Time based AOLTIP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding as of December 31, 2023 | shares	6,642,144
Shares, Granted | shares	685,041
Shares, Outstanding at December 31, 2024 | shares	7,327,185
Shares, Options vested and expected to vest at December 31, 2024 | shares	7,176,298
Shares, Options exercisable at December 31, 2024 | shares	5,171,648
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2023 | $ / shares	$ 7.99
Weighted-Average Exercise Price (per unit/share), Granted | $ / shares	4.43
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2024 | $ / shares	7.66
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2024 | $ / shares	7.66
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2024 | $ / shares	$ 7.73
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2024	4 years 3 months 18 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2024	4 years 3 months 18 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2024	4 years 3 months 18 days
Aggregate Intrinsic Value, Outstanding at December 31, 2024 | $	$ 349,000
Aggregate Intrinsic Value, Options vested and expected to vest at December 31, 2024 | $	349,000
Aggregate Intrinsic Value, Options exercisable at December 31, 2024 | $	$ 349,000
Performance based AOLTIP [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding as of December 31, 2023 | shares	7,518,519
Shares, Outstanding at December 31, 2024 | shares	7,518,519
Shares, Options vested and expected to vest at December 31, 2024 | shares	6,992,223
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2023 | $ / shares	$ 5.12
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2024 | $ / shares	5.12
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2024 | $ / shares	$ 5.12
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2024	8 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2024	8 years 8 months 12 days

Incentive Compensation - Summ_3

Incentive Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2023 | shares	285,651
Units, Granted | shares	50,000
Units, Vested | shares	(147,455)
Units, Cancelled or expired | shares	(1,687)
Units, Unvested as of December 31, 2024 | shares	186,509
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2023 | $ / shares	$ 7.49
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	4.80
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	7.18
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	9.09
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2024 | $ / shares	$ 7

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net loss attributable to common stockholders	$ (46,288)	$ (259,744)	$ (36,403)
Earnings allocated to unvested participating securities, basic	(14)	(50)	(85)
Earnings allocated to unvested participating securities, diluted	(14)	(50)	(85)
Numerator for net loss per common share - basic	(46,302)	(259,794)	(36,488)
Numerator for net loss per common share - diluted	$ (46,302)	$ (259,794)	$ (36,488)
Denominator:
Denominator for basic loss per common share - weighted average shares	217,240,620	216,922,235	221,309,938
Effect of dilutive stock-based compensation plans	0	0	0
Denominator for diluted loss per common share - weighted average shares	217,240,620	216,922,235	221,309,938
Loss per common share - basic	$ (0.21)	$ (1.2)	$ (0.16)
Loss per common share - diluted	$ (0.21)	$ (1.2)	$ (0.16)

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computation of Earnings Per Share (Parenthetical) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Effect of dilutive securities excluded from computation of earning per share	22,000	18,749	20,064

Related Parties - Additional In

Related Parties - Additional Information (Details)	1 Months Ended		12 Months Ended
	Feb. 27, 2025 USD ($)	Nov. 30, 2024 $ / ft²	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Fee and other income			$ 35,701,000	$ 31,318,000	$ 37,558,000
Accounts and other receivables			18,229,000	18,053,000
Fee income			21,880,000	21,597,000	28,421,000
Transaction related costs			923,000	422,000	470,000
Accounts payable and accrued expenses			$ 119,881,000	114,463,000
Area of leased properties | ft²			13,800,000
Rental revenue			$ 721,750,000	711,470,000	702,819,000
General and administrative			$ 66,333,000	61,986,000	59,487,000
Maximum [Member]
Related Party Transaction [Line Items]
Lease term			15 years
712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage			50%
Board of Director [Member] | 712 Fifth Avenue [Member] | Lease Expiring In August 2026 [Member]
Related Party Transaction [Line Items]
Annual base rent per square foot | $ / ft²		76
CNBB-RDF Holdings Otto Family [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Fee and other income			$ 695,000	1,042,000	1,322,000
Accounts and other receivables			31,000	40,000
Unconsolidated Joint Ventures and Real Estate Funds [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Accounts and other receivables			1,652,000	2,552,000
Fee income			$ 17,915,000	16,567,000	24,315,000
Hamburg Trust Consulting GMBH ("HTC") [Member]
Related Party Transaction [Line Items]
Mark-up cost percentage			10%
Transaction related costs			$ 462,000	392,000	713,000
Accounts payable and accrued expenses			$ 113,000	102,000
Hamburg Trust Consulting GMBH ("HTC") [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership			100%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Lease rental income			$ 119,000	183,000	364,000
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
Equity method paramount ownership percentage			50%
Kramer Design Services [Member]
Related Party Transaction [Line Items]
Business development costs incurred			$ 42,000	165,000
Payment for other services			$ 36,000	41,000	137,000
Kramer Design Services [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Transaction related costs	$ 220,000
Kramer Design Services [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership			100%
Weingut Karthauserhof KG [Member]
Related Party Transaction [Line Items]
Payment on purchase of wineary			$ 12,000
Weingut Karthauserhof KG [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership			100%
ParkProperty Capital LP [Member] | Board of Director [Member]
Related Party Transaction [Line Items]
Rental revenue			$ 283,000	276,000	220,000
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
Aircraft Services [Member]
Related Party Transaction [Line Items]
General and administrative			$ 1,667,000	$ 1,147,000	$ 289,000
Aircraft Services [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership			50%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)		12 Months Ended
	Mar. 29, 2024 USD ($)	Dec. 31, 2024 USD ($) ft²	Feb. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Feb. 16, 2018 USD ($)	Nov. 23, 2014 ft²
Other Commitments [Line Items]
Notes and mortgages payable		$ 3,692,050,000		$ 3,817,050,000
Area of leased properties | ft²		13,800,000
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
60 Wall Street [Member]
Other Commitments [Line Items]
Equity method paramount ownership percentage	5%	5%
Debt instrument modified and extended maturity date	2029-05
Asset		$ 18,028,000
Liability		$ 18,028,000
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
718 Fifth Avenue [Member]
Other Commitments [Line Items]
Equity method paramount ownership percentage		50%
Percentage of tenancy-in-common interest in property						50%
Put right notice period		12 months
Owned by Affiliate [Member] | 718 Fifth Avenue [Member] | Third Party Affiliate [Member]
Other Commitments [Line Items]
Equity method paramount ownership percentage						25%
Owned by Affiliate [Member] | Parent Company [Member] | Put Right Exercised [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Pre IPO ownership percentage		25%
Owned by Affiliate [Member] | Retail Type Space [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Area of leased properties | ft²						19,050

Segments - Additional Informati

Segments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	2
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	srt:ChiefExecutiveOfficerMember

Segments - Schedule of Net Oper

Segments - Schedule of Net Operating Income for Each Reportable Segment Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Property-related revenues		$ 735,571	$ 721,191	$ 711,956
Less property-related operating expenses:
Real estate related taxes		(149,150)	(145,870)	(144,941)
Other operating expenses	[1]	(154,128)	(148,095)	(132,481)
NOI attributable to noncontrolling interests in consolidated joint ventures		(92,096)	(89,948)	(82,587)
NOI from unconsolidated joint ventures		23,666	20,694	21,278
Paramount's share of NOI	[2]	363,863	357,972	373,225
New York [Member]
Segment Reporting Information [Line Items]
Property-related revenues		462,871	460,715	468,409
Less property-related operating expenses:
Real estate related taxes		(116,374)	(113,309)	(112,899)
Other operating expenses	[1]	(93,782)	(90,992)	(86,186)
NOI attributable to noncontrolling interests in consolidated joint ventures		(10,081)	(11,007)	(10,384)
NOI from unconsolidated joint ventures		16,148	12,880	13,257
Paramount's share of NOI	[2]	258,782	258,287	272,197
San Francisco [Member]
Segment Reporting Information [Line Items]
Property-related revenues		272,486	261,954	245,560
Less property-related operating expenses:
Real estate related taxes		(32,776)	(32,561)	(32,042)
Other operating expenses	[1]	(56,045)	(54,917)	(42,354)
NOI attributable to noncontrolling interests in consolidated joint ventures		(82,015)	(78,941)	(72,203)
NOI from unconsolidated joint ventures		7,445	7,681	7,733
Paramount's share of NOI	[2]	109,095	103,216	106,694
Other [Member]
Segment Reporting Information [Line Items]
Property-related revenues		214	(1,478)	(2,013)
Less property-related operating expenses:
Other operating expenses	[1]	(4,301)	(2,186)	(3,941)
NOI from unconsolidated joint ventures		73	133	288
Paramount's share of NOI	[2]	$ (4,014)	$ (3,531)	$ (5,666)
[1] Primarily comprised of cleaning, security, repairs and maintenance, and utilities. NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. 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		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Paramount's share of NOI	[1]	$ 363,863	$ 357,972	$ 373,225
NOI attributable to noncontrolling interests in consolidated joint ventures		92,096	89,948	82,587
Fee income		21,880	21,597	28,421
Depreciation and amortization expense		(239,542)	(250,644)	(232,517)
General and administrative expenses		(66,333)	(61,986)	(59,487)
Loss from real estate related fund investments		(128)	(96,375)	(2,233)
Loss from unconsolidated joint ventures		(47,359)	(270,298)	(53,251)
NOI from unconsolidated joint ventures		(23,666)	(20,694)	(21,278)
Interest and other (loss) income, net		30,455	14,837	5,174
Interest and debt expense		(166,952)	(152,990)	(143,864)
Other, net		(650)	(1,244)	(1,709)
Loss before income taxes		(36,336)	(369,877)	(24,932)
Income tax expense		(2,058)	(1,426)	(3,265)
Net loss		(38,394)	(371,303)	(28,197)
Consolidated joint ventures		(22,462)	(20,464)	(13,981)
Consolidated real estate related funds		10,292	109,795	3,342
Operating Partnership		4,276	22,228	2,433
Net loss attributable to common stockholders		$ (46,288)	$ (259,744)	$ (36,403)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We present Paramount’s share of NOI which represents our share of NOI of consolidated and unconsolidated joint ventures, based on our percentage ownership in the underlying assets. We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.

Segments - Schedule of Total As

Segments - Schedule of Total Assets for Each Reportable Segments Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Segment Reporting Information [Line Items]
Total assets	$ 7,871,503	[1]	$ 8,006,215	[1]	$ 8,453,254
New York [Member]
Segment Reporting Information [Line Items]
Total assets	5,138,087		5,214,504		5,311,636
San Francisco [Member]
Segment Reporting Information [Line Items]
Total assets	2,332,583		2,342,395		2,631,265
Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 400,833		$ 449,316		$ 510,353
[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 December 31, 2024. As of December 31, 2024, the assets and liabilities of the Operating Partnership include $ 3,834,072 and $ 2,393,672 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”) .

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)		12 Months Ended
	Jan. 17, 2025 USD ($) ft²	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Subsequent Event [Line Items]
Disposition of asset interest percentage		45%
Area of office Property | ft²		13,800,000
Restricted cash		$ 180,391,000	$ 81,391,000	$ 40,912,000	$ 4,766,000
900 Third Avenue [Member]
Subsequent Event [Line Items]
Restricted cash		9,450,000
900 Third Avenue [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Disposition of asset interest percentage	45%
Area of office Property | ft²	600,000
Value of property	$ 210,000,000
Net Proceeds	$ 94,000,000
900 Third Avenue [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Aggregate unencumbered asset		$ 900,000,000
Secured Leverage Ratio		50%
900 Third Avenue [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Disposition of asset interest percentage	45%
Aggregate unencumbered asset	$ 500,000,000
Secured Leverage Ratio	60%
Maximum borrowing capacity	$ 200,000,000
Aggregate commitments	$ 450,000,000

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,692,050
Initial cost to company, Land	1,966,237
Initial cost to company, Building and Improvements	5,430,368
Costs capitalized subsequent to acquisition, Building and Improvements	894,729
Gross amount at which carried at close of period, Land	1,966,237
Gross amount at which carried at close of period, Buildings and Improvements	6,325,097
Gross amount at which carried at close of period, Total	8,291,334	$ 8,216,616	$ 8,143,777
Accumulated depreciation and amortization	(1,639,529)	(1,471,819)	(1,297,553)
Costs capitalized subsequent to acquisition, Building and Improvements, other	39,597
Gross amount at which carried at close of period, Buildings and Improvements, other	39,597
Gross amount at which carried at close of period, other	39,597
Accumulated depreciation and amortization, other	$ (9,975)
Date acquired, other	Nov. 30, 2014
Real Estate:
Beginning balance	$ 8,216,616	8,143,777	8,028,061
Buildings and improvements	116,499	107,156	127,102
Assets sold and written-off	(41,781)	(34,317)	(11,386)
Ending balance	8,291,334	8,216,616	8,143,777
Accumulated Depreciation:
Beginning balance	1,471,819	1,297,553	1,112,977
Additions charged to expense	209,491	208,583	195,962
Accumulated depreciation related to assets sold and written-off	(41,781)	(34,317)	(11,386)
Ending balance	$ 1,639,529	$ 1,471,819	$ 1,297,553
Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed, other	5 years
Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed, other	40 years
1633 Broadway [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,250,000
Initial cost to company, Land	502,846
Initial cost to company, Building and Improvements	1,398,341
Costs capitalized subsequent to acquisition, Building and Improvements	164,581
Gross amount at which carried at close of period, Land	502,846
Gross amount at which carried at close of period, Buildings and Improvements	1,562,922
Gross amount at which carried at close of period, Total	2,065,768
Accumulated depreciation and amortization	$ (436,492)
Date of construction	Dec. 31, 1971
Date of renovation	2015
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 2,065,768
Accumulated Depreciation:
Ending balance	$ 436,492
1633 Broadway [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1633 Broadway [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
1301 Avenue of the Americas [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 860,000
Initial cost to company, Land	406,039
Initial cost to company, Building and Improvements	1,051,697
Costs capitalized subsequent to acquisition, Building and Improvements	263,059
Gross amount at which carried at close of period, Land	406,039
Gross amount at which carried at close of period, Buildings and Improvements	1,314,756
Gross amount at which carried at close of period, Total	1,720,795
Accumulated depreciation and amortization	$ (325,737)
Date of construction	Dec. 31, 1963
Date of renovation	2023
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,720,795
Accumulated Depreciation:
Ending balance	$ 325,737
1301 Avenue of the Americas [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1301 Avenue of the Americas [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
31 West 52nd Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 500,000
Initial cost to company, Land	221,318
Initial cost to company, Building and Improvements	604,994
Costs capitalized subsequent to acquisition, Building and Improvements	103,265
Gross amount at which carried at close of period, Land	221,318
Gross amount at which carried at close of period, Buildings and Improvements	708,259
Gross amount at which carried at close of period, Total	929,577
Accumulated depreciation and amortization	$ (178,050)
Date of construction	Dec. 31, 1987
Date of renovation	2019
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 929,577
Accumulated Depreciation:
Ending balance	$ 178,050
31 West 52nd Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
31 West 52nd Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
1325 Avenue of the Americas [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 174,688
Initial cost to company, Building and Improvements	370,553
Costs capitalized subsequent to acquisition, Building and Improvements	68,150
Gross amount at which carried at close of period, Land	174,688
Gross amount at which carried at close of period, Buildings and Improvements	438,703
Gross amount at which carried at close of period, Total	613,391
Accumulated depreciation and amortization	$ (117,780)
Date of construction	Dec. 31, 1989
Date of renovation	2019
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 613,391
Accumulated Depreciation:
Ending balance	$ 117,780
1325 Avenue of the Americas [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
1325 Avenue of the Americas [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
900 Third Avenue [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 103,741
Initial cost to company, Building and Improvements	296,031
Costs capitalized subsequent to acquisition, Building and Improvements	32,627
Gross amount at which carried at close of period, Land	103,741
Gross amount at which carried at close of period, Buildings and Improvements	328,658
Gross amount at which carried at close of period, Total	432,399
Accumulated depreciation and amortization	$ (86,677)
Date of construction	Dec. 31, 1983
Date of renovation	2023
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 432,399
Accumulated Depreciation:
Ending balance	$ 86,677
900 Third Avenue [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
900 Third Avenue [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
New York [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,610,000
Initial cost to company, Land	1,408,632
Initial cost to company, Building and Improvements	3,721,616
Costs capitalized subsequent to acquisition, Building and Improvements	631,682
Gross amount at which carried at close of period, Land	1,408,632
Gross amount at which carried at close of period, Buildings and Improvements	4,353,298
Gross amount at which carried at close of period, Total	5,761,930
Accumulated depreciation and amortization	(1,144,736)
Real Estate:
Ending balance	5,761,930
Accumulated Depreciation:
Ending balance	1,144,736
One Market Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	850,000
Initial cost to company, Land	288,743
Initial cost to company, Building and Improvements	988,014
Costs capitalized subsequent to acquisition, Building and Improvements	142,685
Gross amount at which carried at close of period, Land	288,743
Gross amount at which carried at close of period, Buildings and Improvements	1,130,699
Gross amount at which carried at close of period, Total	1,419,442
Accumulated depreciation and amortization	$ (310,769)
Date of construction	Dec. 31, 1976
Date of renovation	2016
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,419,442
Accumulated Depreciation:
Ending balance	$ 310,769
One Market Plaza [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Market Plaza [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
300 Mission Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 232,050
Initial cost to company, Land	141,097
Initial cost to company, Building and Improvements	343,819
Costs capitalized subsequent to acquisition, Building and Improvements	58,392
Gross amount at which carried at close of period, Land	141,097
Gross amount at which carried at close of period, Buildings and Improvements	402,211
Gross amount at which carried at close of period, Total	543,308
Accumulated depreciation and amortization	$ (87,145)
Date of construction	Dec. 31, 1968
Date of renovation	2020
Date acquired	Jul. 31, 2017
Real Estate:
Ending balance	$ 543,308
Accumulated Depreciation:
Ending balance	$ 87,145
300 Mission Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
300 Mission Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
One Front Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Initial cost to company, Land	$ 127,765
Initial cost to company, Building and Improvements	376,919
Costs capitalized subsequent to acquisition, Building and Improvements	22,373
Gross amount at which carried at close of period, Land	127,765
Gross amount at which carried at close of period, Buildings and Improvements	399,292
Gross amount at which carried at close of period, Total	527,057
Accumulated depreciation and amortization	$ (86,904)
Date of construction	Dec. 31, 1979
Date acquired	Dec. 31, 2016
Real Estate:
Ending balance	$ 527,057
Accumulated Depreciation:
Ending balance	$ 86,904
One Front Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Front Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
San Francisco [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,082,050
Initial cost to company, Land	557,605
Initial cost to company, Building and Improvements	1,708,752
Costs capitalized subsequent to acquisition, Building and Improvements	223,450
Gross amount at which carried at close of period, Land	557,605
Gross amount at which carried at close of period, Buildings and Improvements	1,932,202
Gross amount at which carried at close of period, Total	2,489,807
Accumulated depreciation and amortization	(484,818)
Real Estate:
Ending balance	2,489,807
Accumulated Depreciation:
Ending balance	$ 484,818

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Billions	Dec. 31, 2024 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Assets and liabilities for tax purposes	$ 2.2