Paramount (PGRE) 10-K 22 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 01, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
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		219,105,492
Entity Public Float			$ 1,863,273,000
Entity File Number	001-36746
Entity Tax Identification Number	32-0439307
Entity Address, Address Line One	1633 Broadway
Entity Address, Address Line Two	Suite 1801
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	237-3100
Document Annual Report	true
Document Transition Report	false
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock of Paramount Group, Inc.,$0.01 par value per share
Entity Incorporation, State or Country Code	MD
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Auditor Firm ID	34
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Annual Stockholders’ Meeting (which is scheduled to be held on May 12, 2022) to be filed within 120 days after the end of the registrant’s fiscal year are incorporated by reference in Part III of this Annual Report on Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Real estate, at cost
Land		$ 1,966,237	$ 1,966,237
Buildings and improvements		6,061,824	5,997,078
Rental property, at cost		8,028,061	7,963,315
Accumulated depreciation and amortization		(1,112,977)	(966,697)
Real estate, net		6,915,084	6,996,618
Cash and cash equivalents		524,900	434,530
Restricted cash		4,766	30,794
Investments in unconsolidated joint ventures		408,096	412,724
Investments in unconsolidated real estate funds		11,421	12,917
Accounts and other receivables		15,582	17,502
Deferred rent receivable		332,735	330,239
Deferred charges, net of accumulated amortization of $70,666 and $56,612		122,177	116,278
Intangible assets, net of accumulated amortization of $252,142 and $283,332		119,413	153,519
Other assets		40,388	48,976
Total assets	[1]	8,494,562	8,554,097
Liabilities and Equity
Notes and mortgages payable, net of unamortized deferred financing costs of $22,380 and $18,695		3,835,620	3,800,739
Revolving credit facility		0	0
Accounts payable and accrued expenses		116,192	101,901
Dividends and distributions payable		16,895	16,796
Intangible liabilities, net of accumulated amortization of $105,790 and $107,981		45,328	55,996
Other liabilities		25,495	62,931
Total liabilities	[1]	4,039,530	4,038,363
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 218,991,795 and 218,817,337 shares in 2021 and 2020, respectively		2,190	2,188
Additional paid-in-capital		4,122,680	4,120,173
Earnings less than distributions		(538,845)	(456,393)
Accumulated other comprehensive income (loss)		2,138	(12,791)
Paramount Group, Inc. equity		3,588,163	3,653,177
Noncontrolling interests in:
Consolidated joint ventures		428,833	437,161
Consolidated real estate fund		81,925	79,017
Operating Partnership (21,740,404 and 20,756,618 units outstanding)		356,111	346,379
Total equity		4,455,032	4,515,734
Total liabilities and equity		$ 8,494,562	$ 8,554,097
[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 91.0% as of December 31, 2021. As of December 31, 2021, the Operating Partnership includes $4,025,856 and $2,576,710 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, 2021	Dec. 31, 2020
Deferred charges, accumulated amortization		$ 70,666	$ 56,612
Intangible assets, accumulated amortization		252,142	283,332
Notes and mortgages payable, deferred financing costs		22,380	18,695
Intangible liabilities, accumulated amortization		$ 105,790	$ 107,981
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		900,000,000	900,000,000
Common stock, shares issued		218,991,795	218,817,337
Common stock, shares outstanding		218,991,795	218,817,337
Operating partnership, units outstanding		21,740,404	20,756,618
Total assets	[1]	$ 8,494,562	$ 8,554,097
Total liabilities	[1]	4,039,530	4,038,363
Variable Interest Entities [Member]
Total assets		4,025,856	4,025,387
Total liabilities		$ 2,576,710	$ 2,546,914
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Percentage of ownership in operating partnership		91.00%
[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 91.0% as of December 31, 2021. As of December 31, 2021, the Operating Partnership includes $4,025,856 and $2,576,710 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 ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Rental revenue	$ 690,418	$ 679,015	$ 709,508
Fee and other income	36,368	35,222	34,246
Total revenues	726,786	714,237	743,754
Expenses:
Operating	265,438	267,587	264,702
Depreciation and amortization	232,487	235,200	240,104
General and administrative	59,132	64,917	68,556
Transaction related costs	916	1,096	1,999
Total expenses	557,973	568,800	575,361
Other income (expense):
Loss from unconsolidated joint ventures	(24,896)	(18,619)	(4,706)
Income (loss) from unconsolidated real estate funds	782	272	(343)
Interest and other income, net	3,017	4,490	9,844
Interest and debt expense	(142,014)	(144,208)	(156,679)
Loss on early extinguishment of debt			(11,989)
Income (loss) from continuing operations, before income taxes	5,702	(12,628)	4,520
Income tax expense	(3,643)	(1,493)	(312)
Income (loss) from continuing operations, net	2,059	(14,121)	4,208
Loss from discontinued operations, net		(5,075)	(33,811)
Net income (loss)	2,059	(19,196)	(29,603)
Less net (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(21,538)	(9,257)	(11,022)
Consolidated real estate fund	(2,893)	1,450	(313)
Operating Partnership	2,018	2,299	4,039
Net loss attributable to common stockholders	$ (20,354)	$ (24,704)	$ (36,899)
Loss per Common Share - Basic:
Loss from continuing operations, net	$ (0.09)	$ (0.09)	$ (0.03)
Loss from discontinued operations, net		(0.02)	(0.13)
Net loss per common share	$ (0.09)	$ (0.11)	$ (0.16)
Weighted average common shares outstanding	218,701,249	222,436,170	231,538,065
Loss per Common Share - Diluted:
Loss from continuing operations, net	$ (0.09)	$ (0.09)	$ (0.03)
Loss from discontinued operations, net		(0.02)	(0.13)
Net loss per common share	$ (0.09)	$ (0.11)	$ (0.16)
Weighted average common shares outstanding	218,701,249	222,436,170	231,538,065

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 2,059	$ (19,196)	$ (29,603)
Other comprehensive (loss) income:
Change in value of interest rate swaps and interest rate caps	6,857		(28,069)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	9,565	(13,894)	206
Comprehensive income (loss)	18,481	(33,090)	(57,466)
Less comprehensive (income) loss attributable to noncontrolling interests in:
Consolidated joint ventures	(21,538)	(9,257)	(11,022)
Consolidated real estate fund	(2,908)	1,434	(360)
Operating Partnership	540	3,589	6,726
Comprehensive loss attributable to common stockholders	$ (5,425)	$ (37,324)	$ (62,122)

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 (Loss) Income [Member]	Noncontrolling Interest [Member]Consolidated Joint Ventures [Member]	Noncontrolling Interest [Member]Consolidated Real Estate Fund [Member]	Noncontrolling Interest [Member]Operating Partnership [Member]
Beginning balance at Dec. 31, 2018	$ 4,891,664	$ 2,329	$ 4,201,756	$ (219,906)	$ 16,621	$ 394,995	$ 66,887	$ 428,982
Common stock, shares outstanding at Dec. 31, 2018		233,136,000
Net income (loss)	(29,603)			(36,899)		11,022	313	(4,039)
Common shares issued upon redemption of common units		$ 14	24,016
Common shares issued upon redemption of common units, shares		1,409,000
Redemption of minority interest in operating partnerships								(24,030)
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(324)	$ 3		(327)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		46,000
Repurchases of common shares	(94,617)	$ (72)	(94,545)
Repurchases of common shares, shares		(7,159,000)
Dividends and distributions	(102,464)			(92,425)				(10,039)
Contributions from noncontrolling interests	14,989						14,989
Distributions to noncontrolling interests	(45,239)					(45,239)
Change in value of interest rate swaps	(28,069)				(25,367)			(2,702)
Settlement of interest rate swaps liabilities	11,258				8,431			2,827
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	206				144		47	15
Amortization of equity awards	23,001		2,564					20,437
Acquisition of noncontrolling interest	(9,840)						(9,840)
Reallocation of noncontrolling interest			(607)					607
Ending balance at Dec. 31, 2019	4,630,962	$ 2,274	4,133,184	(349,557)	(171)	360,778	72,396	412,058
Common stock, shares outstanding at Dec. 31, 2019		227,432,000
Net income (loss)	(19,196)			(24,704)		9,257	(1,450)	(2,299)
Common shares issued upon redemption of common units		$ 51	85,659
Common shares issued upon redemption of common units, shares		5,150,000
Redemption of minority interest in operating partnerships								(85,710)
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(332)	$ 1		(333)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		48,000
Repurchases of common shares	(120,000)	$ (138)	(119,862)
Repurchases of common shares, shares		(13,813,158)
Dividends and distributions	(89,603)			(81,799)				(7,804)
Contributions from noncontrolling interests	11,555					3,500	8,055
Distributions to noncontrolling interests	(12,717)					(12,717)
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	(13,894)				(12,620)		16	(1,290)
Amortization of equity awards	19,386		1,318					18,068
Sale of a 10.0% interest in 1633 Broadway	109,573		33,230			76,343
Reallocation of noncontrolling interest			(13,356)					13,356
Ending balance at Dec. 31, 2020	$ 4,515,734	$ 2,188	4,120,173	(456,393)	(12,791)	437,161	79,017	346,379
Common stock, shares outstanding at Dec. 31, 2020	218,817,337	218,817,000
Net income (loss)	$ 2,059			(20,354)		21,538	2,893	(2,018)
Common shares issued upon redemption of common units		$ 1	960
Common shares issued upon redemption of common units, shares		59,000
Redemption of minority interest in operating partnerships								(961)
Common shares issued under Omnibus share plan, net of shares withheld for taxes	(235)	$ 1		(236)
Common shares issued under Omnibus share plan, net of shares withheld for taxes		116,000
Repurchases of common shares, shares		0
Dividends and distributions	(67,578)			(61,310)				(6,268)
Contributions from noncontrolling interests	121					121
Distributions to noncontrolling interests	(30,539)					(30,539)
Change in value of interest rate swaps	6,857				6,237			620
Pro rata share of other comprehensive income (loss) of unconsolidated joint ventures	9,565				8,692		15	858
Amortization of equity awards	18,777		1,221					17,556
Reallocation of noncontrolling interest			55					(55)
Other	271		271	(552)		552
Ending 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	218,991,795	218,992,000

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Stockholders Equity [Abstract]
Dividends and distributions, Per share and unit	$ 0.28	$ 0.37	$ 0.40

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities:
Net income (loss)	$ 2,059	$ (19,196)	$ (29,603)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	232,487	235,890	248,347
Loss from unconsolidated joint ventures	24,896	18,619	4,706
Amortization of stock-based compensation expense	18,612	19,239	22,860
Amortization of deferred financing costs	9,127	9,277	19,323
Distributions of earnings from unconsolidated joint ventures	7,278	3,999	4,067
Amortization of above and below-market leases, net	(3,070)	(4,734)	(10,991)
Straight-lining of rental revenue	(2,495)	(28,216)	(43,679)
Realized and unrealized gains on marketable securities	(1,535)	(1,918)	(3,027)
(Income) loss from unconsolidated real estate funds	(782)	(272)	343
Distributions of earnings from unconsolidated real estate funds	676	616	1,553
Loss (gain) on sale of real estate related to discontinued operations		12,766	(1,140)
Real estate impairment loss related to discontinued operations			42,000
Receipt of accrued interest on preferred equity investment			2,339
Loss on early extinguishment of debt			731
Other non-cash adjustments	3,146	413	(961)
Changes in operating assets and liabilities:
Accounts and other receivables	1,920	1,729	845
Deferred charges	(18,438)	(10,761)	(23,029)
Other assets	(8,283)	(2,193)	57,318
Accounts payable and accrued expenses	16,246	(1,299)	(8,949)
Other liabilities	(37,538)	3,313	2,388
Net cash provided by operating activities	244,306	237,272	285,441
Cash Flows from Investing Activities:
Additions to real estate	(112,001)	(89,463)	(103,916)
Sales of marketable securities	40,228	22,188	19,282
Purchases of marketable securities	(21,562)	(15,809)	(15,232)
Investments in and contributions of capital to unconsolidated joint ventures	(11,750)	(60)	(368,852)
Distributions of capital from unconsolidated real estate funds	4,926		2,076
Contributions of capital to unconsolidated real estate funds	(3,324)	(2,945)	(3,937)
Proceeds from the sale of real estate related to discontinued operations		89,206	150,307
Repayment of amounts due from affiliates		36,918	181,000
Due from affiliates			(217,918)
Redemption of preferred equity investment			33,750
Net cash (used in) provided by investing activities	(103,483)	40,035	(323,440)
Cash Flows from Financing Activities:
Proceeds from notes and mortgages payable	888,566	9,791	1,259,843
Repayment of notes and mortgages payable	(850,000)		(1,050,000)
Dividends paid to common stockholders	(61,297)	(89,225)	(93,038)
Distributions paid to common unitholders	(6,182)	(8,837)	(10,073)
Distributions to noncontrolling interests	(30,539)	(12,717)	(45,239)
Contributions from noncontrolling interests	121	11,555	14,989
Debt issuance costs	(16,775)		(10,131)
Repurchase of shares related to stock compensation agreements and related tax withholdings	(235)	(332)	(324)
Purchase of interest rate caps	(140)
Repayment of borrowings under revolving credit facility		(200,000)	(195,000)
Borrowings under revolving credit facility		163,082	231,918
Repurchases of common shares		(120,000)	(97,137)
Proceeds from the sale of a 10.0% interest in 1633 Broadway		111,984
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund		(8,771)
Acquisition of noncontrolling interest in consolidated real estate fund			(1,000)
Loss on early extinguishment of debt			(731)
Net cash (used in) provided by financing activities	(76,481)	(143,470)	4,077
Net increase (decrease) in cash and cash equivalents and restricted cash	64,342	133,837	(33,922)
Cash and cash equivalents and restricted cash at beginning of period	465,324	331,487	365,409
Cash and cash equivalents and restricted cash at end of period	529,666	465,324	331,487
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	434,530	306,215	339,653
Restricted cash at beginning of period	30,794	25,272	25,756
Cash and cash equivalents and restricted cash at beginning of period	465,324	331,487	365,409
Cash and cash equivalents at end of period	524,900	434,530	306,215
Restricted cash at end of period	4,766	30,794	25,272
Cash and cash equivalents and restricted cash at end of period	529,666	465,324	331,487
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest	132,476	135,607	139,130
Cash payments for income taxes, net of refunds	1,762	1,366	2,474
Non-Cash Transactions:
Write-off of fully amortized and/or depreciated assets	46,594	9,141	8,727
Dividends and distributions declared but not yet paid	16,895	16,796	25,255
Additions to real estate included in accounts payable and accrued expenses	12,177	8,640	21,566
Change in value of interest rate swaps and interest rate caps	6,857		28,069
Transfer of deposit to investment in unconsolidated joint ventures	6,230
Common shares issued upon redemption of common units	$ 961	$ 85,710	24,030
Note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate fund			$ 8,771

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization And Business	1. Organization and Business As used in these consolidated financial statements, unless otherwise indicated, all references to “we,” “us,” “our,” the “Company,” and “Paramount” refer to Paramount Group, Inc., a Maryland corporation, and its consolidated subsidiaries, including Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). We are a fully-integrated real estate investment trust (“REIT”) focused on owning, operating, managing, acquiring and redeveloping high-quality, Class A office properties in select central business district submarkets of New York City and San Francisco. We conduct our business through, and substantially all of our interests in properties and investments are held by, the Operating Partnership. We are the sole general partner of, and owned approximately 91.0% of, the Operating Partnership as of December 31, 2021. As of December 31, 2021, we owned and/or managed a portfolio aggregating 13.9 million square feet comprised of: • Seven wholly and partially owned properties aggregating 8.6 million square feet in New York, comprised of 8.2 million square feet of office space and 0.4 million square feet of retail, theater and amenity space; • Six wholly and partially owned properties aggregating 4.3 million square feet in San Francisco, comprised of 4.1 million square feet of office space and 0.2 million square feet of retail space; and • Six managed properties aggregating 1.0 million square feet in New York and Washington, D.C. Additionally, we have an investment management business, where we serve as the general partner of real estate funds for institutional investors and high net-worth individuals. In March 2020, the World Health Organization declared coronavirus 2019 (“COVID-19”) a global pandemic. The outbreak of COVID-19 caused severe disruptions in the global economy. These disruptions have adversely impacted businesses and financial markets, including that of New York and San Francisco, the markets in which we operate and where all of our assets are located. While our buildings have remained open throughout the pandemic, a majority of our tenants have worked remotely as new variants of the virus that cause COVID-19 emerged during 2021. The emergence of new variants of the virus that cause COVID-19 or our tenants’ decision to work remotely did not have a material impact on our portfolio-wide rent collections during 2021. For the year ended December 31, 2021, we collected 99.6% of rents, comprised of 99.9% from office tenants (which account for approximately 96.5% of our annualized rents) and 92.9% from non-office tenants (which account for the remaining 3.5% of our annualized rents). Notwithstanding, we continue to navigate the pandemic and monitor its impact on our business. Given the emergence of new variants of the virus that cause COVID-19 during 2021 and the possibility of future variants, we are precluded at this time from making any predictions as the ultimate impact it may have on our future financial condition, results of operations and cash flows.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Basis Of Presentation And Significant Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Significant Accounting Policies Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale. Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and right to receive the returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We account for cash distributions in excess of our basis in the equity method investments as income when we have neither the requirement, nor the intent to provide financial support to the joint venture. Investments accounted for under the equity method are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash. Restricted Cash Restricted cash consists primarily of security deposits held on behalf of our tenants, cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements and cash restricted in connection with our deferred compensation plan. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. Marketable Securities Marketable securities consists of investments in trading securities that are held in our deferred compensation plan for which there is an offsetting liability. These investments are initially recorded at cost and subsequently measured at fair value at the end of each reporting period, with gains or losses resulting from changes in fair value recognized in earnings, which are included as a component of “interest and other income, net” on our consolidated statements of income and the earnings are entirely offset by expenses from the mark-to-market of plan liabilities, which are included as a component of “general and administrative” expenses on our consolidated statements of income. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” on our consolidated statements of income. Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consists of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” on our consolidated statements of income. Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures 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, 2021, are classified as Level 2 in the fair value hierarchy. Marketable Securities Marketable securities are valued by a third-party specialist using quoted prices in active markets. 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 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, 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 Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income. Gains and Losses on Sale of Real Estate Gains and losses on the sale of real estate are recognized pursuant to ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets, Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation 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 $2,024,000, $698,000 and $242,000 for the years ended December 31, 2021, 2020 and 2019, respectively. In addition, our TRSs had combined deferred income tax expense of $703,000 and $32,000 for the years ended December 31, 2021 and 2020, respectively, and a combined deferred income tax benefit of $28,000 for the year ended December 31, 2019. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Net loss attributable to Paramount Group, Inc. $ (20,354 ) $ (24,704 ) $ (36,899 ) Book to tax differences: Straight-lining of rents and amortization of above and below-market leases, net 3,082 (10,462 ) (37,244 ) Depreciation and amortization 62,218 62,002 79,750 Stock-based compensation 16,933 17,766 20,812 Deferred compensation plan (28,793 ) (1) - 500 Real estate impairment loss - - 38,237 Sale of real estate - 55,640 12,107 Other, net 27,476 (11,095 ) 12,253 Estimated taxable income $ 60,562 $ 89,147 $ 89,516 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, 2021 2020 2019 Amount % Amount % Amount % Ordinary income $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % $ 0.323 (1) 80.7 % Long-term capital gain 0.023 8.2 % 0.190 47.5 % 0.062 15.5 % Return of capital 0.004 1.4 % 0.000 0.0 % 0.015 3.8 % Total $ 0.280 (2) 100.0 % $ 0.400 (2) 100.0 % $ 0.400 (2) 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 years ended December 31, 2021, 2020 and 2019 of $0.07, $0.07 and $0.10 per share, respectively, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes. Segments Our reportable segments are separated by region, based on the two regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker, makes key operating decisions, evaluates financial results and manages our business. See Note 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. Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, an update to ASC Topic 740, Income Taxes. In March 2020, the FASB issued ASU 2020-04, which adds ASC Topic 848, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting In August 2020, the FASB issued ASU 2020-06, an update to ASC Topic 470, Subtopic - 20, Debt - Debt with Conversion and Other Options Derivatives and Hedging - Contracts in Entity's Own Equity Earnings Per Share, In October 2020, the FASB issued ASU 2020-10, Codification Improvements

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]
Discontinued Operations	3. Discontinued Operations Over the past three years, we sold the remaining assets in our Washington, D.C. portfolio, thereby exiting the Washington, D.C. office market. These dispositions represented a strategic shift in our operations and met the criteria for classifying our Washington, D.C. segment as “discontinued operations,” in accordance with ASC Topic 205, Presentation of Financial Statements. 1899 Pennsylvania Avenue On December 24, 2020, we completed the sale of 1899 Pennsylvania Avenue, a 191,000 square foot trophy office building located in Washington, D.C., for $103,000,000. We realized net proceeds of $89,206,000 from the sale after transaction costs and recognized a loss of $12,766,000, which is included as a component of “loss from discontinued operations, net” on our consolidated statement of income for the year ended December 31, 2020. Liberty Place On September 26, 2019, we sold Liberty Place, a 172,000 square foot office building in Washington, D.C., for $154,500,000. In connection therewith, we recognized a gain of $1,140,000, which is included as a component of “loss from discontinued operations, net” on our consolidated statement of income for the year ended December 31, 2019. The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below. (Amounts in thousands) For the Year Ended December 31, Income Statements: (1) 2020 2019 Revenues: Rental revenue $ 13,967 $ 24,969 Other income 276 457 Total revenues 14,243 25,426 Expenses: Operating 5,853 10,134 Depreciation and amortization 690 8,243 Total expenses 6,543 18,377 Other income (expense): Real estate impairment loss - (42,000 ) Income (loss) before gain or loss on sale of real estate 7,700 (34,951 ) (Loss) gain on sale of real estate (2) (12,766 ) 1,140 Loss before income taxes (5,066 ) (33,811 ) Income tax expense (9 ) - Loss from discontinued operations, net $ (5,075 ) $ (33,811 ) For the Year Ended December 31, Statements of Cash Flows: (1) 2020 2019 Cash provided by operating activities $ 5,522 $ 15,949 Cash provided by investing activities Proceeds from sale of real estate (3) $ 89,206 $ 150,307 Additions to real estate - (1,514 ) Total cash provided by investing activities $ 89,206 $ 148,793 Cash used in financing activities $ (96,896 ) $ (162,294 ) Additional Cash Flow Information: Depreciation and amortization $ 690 $ 8,243 (1) Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue in the year ended December 31, 2020 and 1899 Pennsylvania Avenue and Liberty Place in the year ended December 31, 2019 (2) Represents the loss on sale of 1899 Pennsylvania Avenue in 2020 and gain on sale of Liberty Place in 2019. (3) Represents the proceeds from the sale of 1899 Pennsylvania Avenue in 2020 and Liberty Place in 2019.

Investments in Unconsolidated J

Investments in Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2021
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Joint Ventures	4 . Investments in 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 2021 2020 712 Fifth Avenue (1) 50.0% $ - $ - Market Center 67.0% 185,344 192,306 55 Second Street (2) 44.1% 88,284 92,298 111 Sutter Street 49.0% 35,182 37,818 60 Wall Street (2) 5.0% 19,230 19,164 One Steuart Lane (2) 35.0% (3) 76,428 67,505 Oder-Center, Germany (2) 9.5% 3,628 3,633 Investments in unconsolidated joint ventures $ 408,096 $ 412,724 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2021 2020 2019 712 Fifth Avenue (1) $ (10,265 ) $ 687 $ 1,849 Market Center (4) (11,848 ) (11,315 ) (744 ) 55 Second Street (2)(5) (2,912 ) (2,723 ) (826 ) 111 Sutter Street (6) (2,658 ) (3,172 ) (4,394 ) 60 Wall Street (2) 66 (70 ) (551 ) One Steuart Lane (2) 2,678 (7) (2,043 ) (118 ) Oder-Center, Germany (2) 43 17 78 Loss from unconsolidated joint ventures $ (24,896 ) $ (18,619 ) $ (4,706 ) (1) At December 31, 2020, our basis in the joint venture that owns 712 Fifth Avenue was negative $22,345. Since we have no further obligation to fund additional capital to the joint venture, we no longer recognize our proportionate share of earnings from the joint venture. Instead, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. During the year ended December 31, 2021, we received $1,485 in distributions from the joint venture and made an $11,750 contribution to the joint venture. Accordingly, we recognized a loss of $10,265, which is included in “loss from unconsolidated joint ventures” on our consolidated statement of income. Additionally, the joint venture had net losses of $4,498 for the year ended December 31, 2021, of which our 50.0% share was $2,249. Accordingly, our basis in the joint venture, taking into account distributions received, contributions made and our share of losses, was negative $14,329 as of December 31, 2021. (2) As of December 31, 2021, the carrying amount of our investments in 55 Second Street, 60 Wall Street, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $478, $2,617, $751, $4,658, respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) Represents our consolidated Residential Development Fund’s (“RDF”) economic interest in One Steuart Lane, a for-sale residential condominium project. (4) Acquired on December 11, 2019. (5) Acquired on August 21, 2019. (6) Acquired on February 7, 2019. (7) Includes RDF’s share of gain on sale of residential condominium units. The following tables provide the combined summarized financial information of our unconsolidated joint ventures as of the dates and for the periods set forth below. (Amounts in thousands) As of December 31, Balance Sheets: 2021 2020 Real estate, net $ 2,246,152 $ 2,674,858 Cash and cash equivalents and restricted cash 216,910 120,149 Intangible assets, net 58,590 110,307 For-sale residential condominium units (1) 359,638 - Other assets 46,646 45,761 Total assets $ 2,927,936 $ 2,951,075 Notes and mortgages payable, net $ 1,791,404 $ 1,801,084 Intangible liabilities, net 18,397 26,772 Other liabilities 61,097 87,575 Total liabilities 1,870,898 1,915,431 Equity 1,057,038 1,035,644 Total liabilities and equity $ 2,927,936 $ 2,951,075 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2021 2020 2019 Revenues: Rental revenue $ 229,420 $ 243,713 $ 164,316 Other income 139,705 (2) 2,828 2,108 Total revenues 369,125 246,541 166,424 Expenses: Operating 220,396 (2) 109,114 68,491 Depreciation and amortization 107,079 117,640 68,318 Total expenses 327,475 226,754 136,809 Other income (expense): Interest and other (loss) income, net (111 ) (36 ) 663 Interest and debt expense (63,493 ) (58,239 ) (51,113 ) Net loss before income taxes (21,954 ) (38,488 ) (20,835 ) Income tax expense (32 ) (47 ) (16 ) Net loss $ (21,986 ) $ (38,535 ) $ (20,851 ) (1) Represents the cost of residential condominium units at One Steuart Lane that are available for sale. (2) Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Funds	12 Months Ended
	Dec. 31, 2021
Real Estate Fund [Abstract]
Investments in Unconsolidated Real Estate Funds	5. Investments in Unconsolidated Real Estate Funds We are the general partner and investment manager of Paramount Group Real Estate Fund VIII, LP (“Fund VIII”) and Paramount Group Real Estate Fund X, LP and its parallel fund, Paramount Group Real Estate Fund X-ECI, LP, (collectively “Fund X”), our Alternative Investment Funds, which invest in mortgage and mezzanine loans and preferred equity investments. While Fund VIII’s investment period has ended, Fund X’s investment period ends in December 2025. As of December 31, 2021, Fund X has $192,000,000 of capital committed, of which $80,221,000 has been invested and $32,816,000 has been reserved for future funding. Our ownership interest in Fund VIII and Fund X was approximately 1.3% and 7.8%, respectively, as of December 31, 2021. As of December 31, 2021 and 2020, our share of the investments in the unconsolidated real estate funds aggregated $11,421,000 and $12,917,000, respectively. We recognized income of $782,000 and $272,000 for the years ended December 31, 2021 and 2020, respectively, and loss of $343,000 for the year ended December 31, 2019.

Intangible Assets and Liabiliti

Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 Intangible assets: Gross amount $ 371,555 $ 436,851 Accumulated amortization (252,142 ) (283,332 ) $ 119,413 $ 153,519 Intangible liabilities: Gross amount $ 151,118 $ 163,977 Accumulated amortization (105,790 ) (107,981 ) $ 45,328 $ 55,996 For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Amortization of above and below-market leases, net (component of "rental revenue") $ 3,070 $ 4,775 $ 11,097 Amortization of acquired in-place leases (component of "depreciation and amortization") $ 26,507 $ 36,628 $ 46,917 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, 2022. (Amounts in thousands) For the Year Ending December 31, Above and Below-Market Leases, Net In-Place Leases 2022 $ 1,344 $ 21,644 2023 5,080 17,705 2024 6,020 14,248 2025 4,674 10,451 2026 2,801 7,896

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	7 . Debt On July 29, 2021, we completed an $860,000,000 refinancing of 1301 Avenue of the Americas, a 1.7 million square foot trophy office building, located in New York, New York. The new five-year On December 17, 2021, we refinanced our $1.0 billion revolving credit facility with a new $750,000,000 revolving credit facility that matures in March 2026 and has two six-month extension options. The interest rate on the new facility is 115 basis points over the secured overnight financing rate ("SOFR") with adjustments based on the term of advances, plus a facility fee of 20 basis points. The facility also features a sustainability-linked pricing component such that if we meet certain sustainability performance targets, the applicable per annum interest rate will be reduced by one basis point. The following table summarizes our consolidated outstanding debt. Maturity Fixed/ Interest Rate as of As of December 31, (Amounts in thousands) Date Variable Rate December 31, 2021 2021 2020 Notes and mortgages payable: 1633 Broadway (1) Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza (1) Feb-2024 Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (2) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (3) 3.67 % 360,000 350,000 2.96 % 860,000 850,000 31 West 52nd Street Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street (1) Oct-2023 Fixed 3.65 % 273,000 244,434 Total notes and mortgages payable 3.40 % 3,858,000 3,819,434 Less: unamortized deferred financing costs (22,380 ) (18,695 ) Total notes and mortgages payable, net $ 3,835,620 $ 3,800,739 $750 Million Revolving Credit Facility Mar-2026 SOFR + 115 bps n/a $ - $ - (1) Our ownership interests in 1633 Broadway, One Market Plaza and 300 Mission Street are 90.0%, 49.0% and 31.1%, respectively (2) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 8, Derivative Instruments and Hedging Activities. (3) Represents variable rate loans Derivative Instruments and Hedging Activities. The following table summarizes the principal repayments required for the next five years and thereafter Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2022 $ - $ - $ - 2023 273,000 273,000 - 2024 975,000 975,000 - 2025 - - - 2026 1,360,000 1,360,000 - Thereafter 1,250,000 1,250,000 -

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	8. Derivative Instruments and Hedging Activities On July 29, 2021, we completed an $860,000,000 refinancing of 1301 Avenue of the Americas. In connection with the refinancing, we entered into interest rate swap agreements on the loan with an aggregate notional amount of $500,000,000 to fix LIBOR at 0.46% through August 2024. We also entered into interest rate cap agreements with an aggregate notional amount of $360,000,000 to cap LIBOR at 2.00% through August 2023. These interest rate swaps and interest rate caps are designated as cash flow hedges and therefore changes in their fair values are recognized in other comprehensive income or loss (outside of earnings). We recognized other comprehensive income of $6,857,000 for the year ended December 31, 2021, from the changes in fair value of these derivative financial instruments. See Note 10, Accumulated Other Comprehensive Income (Loss) The table below provide additional details on our interest rate swaps that are designated as cash flow hedges. Notional Strike Fair Value as of Property Amount Effective Date Maturity Date Rate December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 0.46 % $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 6,691 We have agreements with various derivative counterparties that contain provisions wherein a default on our indebtedness could be deemed a default on our derivative obligations, which would require us to settle our derivative obligations for cash. As of December 31, 2021, we did not have any obligations relating to our interest rate swaps or interest rate caps that contained such provisions.

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Stockholders Equity Note [Abstract]
Equity	9. Equity Stock Repurchase Program On November 5, 2019, we received authorization from our Board of Directors to repurchase up to an additional $200,000,000 of our common stock, from time to time, in the open market or in privately negotiated transactions. During 2020, we repurchased 13,813,158 common shares at a weighted average price of $8.69 per share, or $120,000,000 in the aggregate. We did not repurchase any shares during the year ended December 31, 2021. We have $80,000,000 available for future repurchases under the existing program. The amount and timing of future repurchases, if any, will depend on a number of factors, including, the price and availability of our shares, trading volume, general market conditions and available funding. The stock repurchase program may be suspended or discontinued at any time.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	10 . Accumulated Other Comprehensive Income (Loss) The following table sets forth changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2021, 2020 and 2019, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Amount of income (loss) related to the cash flow hedges recognized in other comprehensive income (loss) $ 6,069 (1) $ - $ (23,147 ) (2) Amount reclassified from accumulated other comprehensive income (loss) increasing (decreasing) interest and debt expense 788 (1) - (4,922 ) (2) Amount reclassified to loss on early extinguishment of debt (3) - - 11,258 Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive income (loss) (4) 5,562 (16,141 ) 206 Amounts reclassified from accumulated other comprehensive income (loss) increasing loss from unconsolidated joint ventures (4) 4,003 2,247 - (1) Represents amounts related to interest rate swaps with an aggregate notional value of $500,000 and interest rate caps with an aggregate notional value of $360,000, which were designated as cash flow hedges. (2) Represents amounts related to interest rate swaps with an aggregate notional amount of $1.0 billion and forward starting interest rate swaps with an aggregate notional amount of $400,000 that were designated as cash flow hedges. These hedges were terminated in November 2019 in connection with the refinancing of the related asset. (3) Represents costs incurred in connection with the settlement of interest rate swap liabilities upon the refinancing of 1633 Broadway in November 2019. (4) Primarily represents amounts related to interest rate swap with a notional value of $402,000, which was designated as cash flow hedge.

Noncontrolling Interests

Noncontrolling Interests	12 Months Ended
	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interests	1 1 . 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, 2021 and 2020, noncontrolling interests in our consolidated joint ventures aggregated $428,833,000 and $437,161,000, respectively. Consolidated Real Estate Fund Noncontrolling interests in our consolidated real estate fund consists of equity interests held by third parties in our Residential Development Fund. As of December 31, 2021 and 2020, the noncontrolling interest in our consolidated real estate fund aggregated $81,925,000 and $79,017,000, 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, 2021 and 2020, noncontrolling interests in the Operating Partnership on our consolidated balance sheets had a carrying amount of $356,111,000 and $346,379,000, respectively, and a redemption value of $181,315,000 and $187,640,000, 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, 2021
Variable Interest Entities [Abstract]
Variable Interest Entities ("VIEs")	1 2 . 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 91.0% of, the Operating Partnership as of December 31, 2021. 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, 2021 and 2020, the Operating Partnership held interests in consolidated VIEs owning properties and a real estate fund that were determined to be VIEs. The assets of these consolidated VIEs may only be used to settle the obligations of the entities and such obligations are secured only by the assets of the entities and are non-recourse to the Operating Partnership or us. The following table summarizes the assets and liabilities of consolidated VIEs of the Operating Partnership. As of December 31, (Amounts in thousands) 2021 2020 Real estate, net $ 3,415,735 $ 3,470,766 Cash and cash equivalents and restricted cash 198,154 134,647 Investments in unconsolidated joint ventures 76,428 67,505 Accounts and other receivables 6,801 6,871 Deferred rent receivable 197,794 192,401 Deferred charges, net 53,013 55,156 Intangible assets, net 62,380 76,545 Other assets 15,551 21,496 Total VIE assets $ 4,025,856 $ 4,025,387 Notes and mortgages payable, net $ 2,487,871 $ 2,457,272 Accounts payable and accrued expenses 54,738 51,590 Intangible liabilities, net 27,674 33,566 Other liabilities 6,427 4,486 Total VIE liabilities $ 2,576,710 $ 2,546,914 Unconsolidated VIEs As of December 31, 2021, the Operating Partnership held variable interests in entities that own our unconsolidated real estate funds that were deemed to be VIEs. The following table summarizes our investments in these unconsolidated real estate funds and the maximum risk of loss from these investments. As of December 31, (Amounts in thousands) 2021 2020 Investments $ 11,421 $ 12,917 Asset management fees and other receivables 9 561 Maximum risk of loss $ 11,430 $ 13,478

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	1 3 . 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, 2021 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 6,691 $ - $ 6,691 $ - Interest rate cap assets (included in "other assets") 306 - 306 - Total assets $ 6,997 $ - $ 6,997 $ - As of December 31, 2020 (Amounts in thousands) Total Level 1 Level 2 Level 3 Marketable securities (included in "other assets") (1) $ 17,178 $ 17,178 $ - $ - Total assets $ 17,178 $ 17,178 $ - $ - (1) Represents the assets in our deferred compensation plan. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. 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, 2021 As of December 31, 2020 Carrying Amount Fair Value Carrying Amount Fair Value Notes and mortgages payable $ 3,858,000 $ 3,893,252 $ 3,819,434 $ 3,871,644 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,893,252 $ 3,819,434 $ 3,871,644

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	1 4 . Leases The following table sets forth the details of our rental revenue. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Rental revenue: Fixed $ 635,513 $ 627,352 (1) $ 647,345 Variable 54,905 (2) 51,663 62,163 Total rental revenue $ 690,418 $ 679,015 $ 709,508 (1) Includes (i) $33,205 of non-cash write-offs, primarily for straight-line rent receivables and (ii) $2,051 of reserves for uncollectible accounts receivable. (2) Includes $5,051 of income in connection with a tenant’s lease termination at 300 Mission Street. The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2021, for each of the five succeeding years and thereafter commencing January 1, 2022. (Amounts in thousands) 2022 $ 635,304 2023 625,493 2024 612,419 2025 557,699 2026 462,128 Thereafter 2,294,340 Total $ 5,187,383

Fee and Other Income

Fee and Other Income	12 Months Ended
	Dec. 31, 2021
Revenues [Abstract]
Fee and Other Income	1 5 . 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) 2021 2020 2019 Fee income: Asset management $ 13,284 $ 14,266 $ 10,442 Property management 8,589 9,242 6,852 Acquisition, disposition, leasing and other 6,600 4,562 5,450 Total fee income 28,473 28,070 22,744 Other income (1) 7,895 7,152 11,502 Total fee and other income $ 36,368 $ 35,222 $ 34,246 (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, 2020 $ 5,179 $ 1,949 $ 793 $ 2,437 Balance as of December 31, 2021 3,206 2,072 686 448 (Decrease) increase $ (1,973 ) $ 123 $ (107 ) $ (1,989 )

Interest and Other Income, net

Interest and Other Income, net	12 Months Ended
	Dec. 31, 2021
Interest And Other Income [Abstract]
Interest and Other Income, net	1 6 . 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) 2021 2020 2019 Interest income, net $ 1,183 $ 2,054 $ 5,484 Mark-to-market of investments in our deferred compensation plans (1) 1,834 2,436 3,906 Preferred equity investment income (2) - - 454 Total interest and other income, net $ 3,017 $ 4,490 $ 9,844 (1) The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income. (2) The preferred equity investment was redeemed on March 1, 2019.

Interest and Debt Expense

Interest and Debt Expense	12 Months Ended
	Dec. 31, 2021
Interest And Debt Expense [Abstract]
Interest and Debt Expense	1 7 . 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) 2021 2020 2019 Interest expense $ 132,887 $ 134,931 $ 137,356 Amortization of deferred financing costs 9,127 (1) 9,277 19,323 (1) Total interest and debt expense $ 142,014 $ 144,208 $ 156,679 (1) Includes $761 of expense from the non-cash write-off of deferred financing costs in connection with the $860,000 refinancing of 1301 Avenue of the Americas in July 2021 and

Incentive Compensation

Incentive Compensation	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Incentive Compensation	1 8 . Incentive Compensation Stock-Based Compensation Our Amended and Restated 2014 Equity Incentive Plan (the “Plan”) provides for grants of equity awards to our executive officers, non-employee directors and employees in order to attract and motivate talent for which we compete. In addition, equity awards are an effective management retention tool as they vest over multiple years based on continued employment. Equity awards are granted in the form of (i) restricted stock and (ii) long-term incentive plan (“LTIP”) units, which represent a class of partnership interests in our Operating Partnership and are typically comprised of performance-based LTIP units, time-based LTIP units and time-based appreciation only LTIP (“AOLTIP”) units. Under the Plan, awards may be granted up to a maximum of 20,892,857 shares, if all awards granted are “full value awards,” as defined, and up to 41,785,714 shares, if all of the awards granted are “not full value awards,” as defined. “Full value awards” are awards that do not require the payment of an exercise price such as restricted stock, time-based LTIP units and performance-based LTIP units. “Not full value awards” are awards that require the payment of an exercise price such as AOLTIP units. As of December 31, 2021, we have 7,426,576 shares available for future grants under the Plan, if all awards granted are full value awards, as defined in the Plan. The following table summarizes the components of stock-based compensation expense for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Time-based units: LTIP units $ 8,554 $ 10,463 $ 11,860 AOLTIP units 1,885 - - Performance-based LTIP units 7,023 7,499 8,477 Restricted stock 1,150 1,217 1,228 Stock options - 60 1,295 Total stock-based compensation expense $ 18,612 $ 19,239 $ 22,860 Time-Based Unit Awards Program (LTIP and AOLTIP Units) LTIP Units We grant our executive officers, non-employee directors and employees LTIP units which vest over a period of three to five years and are subject to a taxable book-up event, as defined. LTIP units are similar to common units of our Operating Partnership in that they are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The LTIP units granted in the years ended December 31, 2021, 2020 and 2019 had grant date fair values of $8,665,000, $10,940,000 and $13,091,000, respectively, which are being amortized into expense on a straight-line basis over the vesting period. As of December 31, 2021, there was $12,675,000 of total unrecognized compensation cost related to unvested LTIP units, which is expected to be recognized over a weighted-average period of 2.6 years. The following table summarizes our LTIP unit activity for the year ended December 31, 2021. Units Weighted-Average Grant-Date Unvested as of December 31, 2020 1,724,809 $ 12.36 Granted 1,056,395 8.20 Vested (726,332 ) 11.82 Cancelled or expired (14,136 ) 11.98 Unvested as of December 31, 2021 2,040,736 $ 10.40 AOLTIP Units We grant our executive officers AOLTIP units which vest over a period of three to four years. AOLTIP units are similar to stock options in that it permits the holder to realize the benefit of any increase in the per share value of our common stock above the value at the time the AOLTIP units were granted and can be converted into a number of common units of our Operating Partnership that have an aggregate value equal to such increase. The common units issued upon the conversion of AOLTIP units are redeemable for cash, or at our election, may be converted on a one-for-one basis into shares of our common stock. The AOLTIP units granted in the year ended December 31, 2021, had a grant date fair value of $4,344,000, which is being amortized into expense on a straight-line basis over the vesting period. The fair value of the AOLTIP unit is estimated using an option-pricing model with the following weighted average assumptions for grants in the year ended December 31, 2021. For the Year Ended December 31, 2021 Expected volatility 34.0% Expected life 4.8 years Risk free interest rate 0.6% Expected dividend yield 3.0% As of December 31, 2021, there was $2,239,000 of total unrecognized compensation cost related to unvested AOLTIP units, which is expected to be recognized over a weighted-average period of 3.1 years. The following table summarizes our AOLTIP unit activity for the year ended December 31, 2021. Shares Weighted-Average Exercise (per unit) Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2020 - $ - Granted 2,171,875 8.63 Exercised - - Cancelled or expired - - Outstanding as of December 31, 2021 2,171,875 $ 8.63 6.1 $ - AOLTIP units vested and expected to vest as of December 31, 2021 2,061,845 $ 8.63 6.1 $ - AOLTIP units exercisable as of December 31, 2021 600,000 $ 8.63 6.1 $ - Performance-Based Award Programs (“Performance Programs”) We grant our executive officers and employees LTIP units under multi-year performance-based long-term equity compensation programs. The purpose of these Performance Programs is to further align the interests of our stockholders with that of management by encouraging our senior officers to create stockholder value in a “pay for performance” structure. Under the Performance Programs, participants may earn LTIP units based on our performance over a three-year The LTIP units granted under the Performance Programs in the years ended December 31, 2021, 2020 and 2019 had grant date fair values of $7,303,000, $7,488,000 and $8,106,000, respectively, and are being amortized into expense over the four-year Units Weighted-Average Grant-Date Unvested as of December 31, 2020 3,780,792 $ 5.93 Granted 1,687,202 4.33 Earned and Vested - - Cancelled or expired (1,368,107 ) 5.05 Unvested as of December 31, 2021 4,099,887 $ 5.57 Completion of the 2017 Performance-Based Awards Program (“2017 Performance Program”) On December 31, 2020, the performance measurement period for the 2017 Performance Program ended. On January 11, 2021, the Compensation Committee of our Board of Directors (the “Compensation Committee”) determined that the performance goals set forth in the 2017 Performance Program were not met. Accordingly, all of the LTIP units that were granted on February 5, 2018, were forfeited, with no awards being earned. These awards had a grant date fair value of $7,009,000 that was amortized into expense over the four-year 2020 Performance-Based Awards Program (“2020 Performance Program”) On January 11, 2021, the Compensation Committee approved the 2020 Performance Program, a multi-year performance-based long-term incentive compensation program. Under the 2020 Performance Program, participants may earn awards in the form of LTIP units based on our Total Shareholder Return (“TSR”) over a three-year four-year Restricted Stock We grant shares of restricted stock to a non-employee director and our employees which vest over four years. The shares of restricted stock granted in the years ended December 31, 2021, 2020 and 2019 had grant date fair values of $1,584,000, $1,209,000 and $1,238,000, respectively, which are being amortized Shares Weighted-Average Grant-Date Unvested as of December 31, 2020 168,708 $ 13.44 Granted 180,861 8.76 Vested (80,562 ) 12.76 Cancelled or expired (38,461 ) 10.84 Unvested as of December 31, 2021 230,546 $ 10.44 Stock Options We did not grant any stock options in the years ended December 31, 2021, 2020 and 2019. Stock options granted in prior years to certain of our executive officers and other employees vest over periods ranging from three to five years and expire 10 years from the date of grant. The following table summarizes our stock option activity for the year ended December 31, 2021. Shares Weighted-Average Exercise (per share) Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2020 2,032,493 $ 17.06 Granted - - Exercised - - Cancelled or expired (21,500 ) 17.50 Outstanding as of December 31, 2021 2,010,993 $ 17.06 3.7 $ - Options vested and expected to vest as of December 31, 2021 2,010,993 $ 17.06 3.7 $ - Options exercisable as of December 31, 2021 2,010,993 $ 17.06 3.7 $ -

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	1 9 . Earnings Per Share The following table summarizes our net loss and the number of common shares used in the computation of basic and diluted loss per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any. For the Year Ended December 31, (Amounts in thousands, except per share amounts) 2021 2020 2019 Numerator: Continuing Operations: Net loss from continuing operations attributable to common stockholders $ (20,354 ) $ (20,063 ) $ (6,418 ) Earnings allocated to unvested participating securities (70 ) (44 ) (27 ) Numerator for net loss from continuing operations per common share - basic and diluted (20,424 ) (20,107 ) (6,445 ) Discontinued Operations: Net loss from discontinued operations attributable to common stockholders - (4,641 ) (30,481 ) Earnings allocated to unvested participating securities - (22 ) (44 ) Numerator for net loss from discontinued operations per common share - basic and diluted - (4,663 ) (30,525 ) Numerator for net loss per common share - basic and diluted $ (20,424 ) $ (24,770 ) $ (36,970 ) Denominator: Denominator for basic loss per common share - weighted average shares 218,701 222,436 231,538 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - weighted average shares 218,701 222,436 231,538 Loss per Common Share - Basic and Diluted: Continuing operations, net $ (0.09 ) $ (0.09 ) $ (0.03 ) Discontinued operations, net - (0.02 ) (0.13 ) Net loss per common share - basic and diluted $ (0.09 ) $ (0.11 ) $ (0.16 ) (1) The effect of dilutive securities for the years ended December 31, 2021, 2020 and 2019 excludes 23,775, 23,540 and 27,191 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Parties	2 0 . Related Parties Management Agreements We provide property management, leasing and other related services to certain properties owned by members of the Otto Family. We recognized fee income of $1,726,000, $1,227,000 and $842,000 for the years ended December 31, 2021, 2020 and 2019, respectively, in connection with these agreements, which is included as a component of “fee and other income” on our consolidated statements of income. As of December 31, 2021 and December 31, 2020, amounts owed to us under these agreements aggregated $484,000 and $34,000, respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets. We also provide asset management, property management, leasing and other related services to our unconsolidated joint ventures and real estate funds. We recognized fee income of $23,240,000, $22,986,000 and $17,466,000, for the years ended December 31, 2021, 2020 and 2019, respectively, in connection with these agreements. As of December 31, 2021 and 2020, amounts owed to us under these agreements aggregated $2,883,000 and $5,011,000, respectively, which are included as a component of “accounts and other receivables” on our consolidated balance sheets. Hamburg Trust Consulting HTC GmbH (“HTC”) We have an agreement with HTC, a licensed broker in Germany, to supervise selling efforts for our joint ventures and private equity real estate funds (or investments in feeder vehicles for these funds) to investors in Germany, including distribution of securitized notes of feeder vehicles for Fund X. Pursuant to this agreement, we have agreed to pay HTC for the costs incurred plus a mark-up of 10%. HTC is 100% owned by Albert Behler, our Chairman, Chief Executive Officer and President. We incurred expenses of $645,000, $512,000 and $796,000 for the years ended December 31, 2021, 2020 and 2019, respectively, in connection with this agreement, which are included as a component of “transaction related costs” on our consolidated statements of income. As of December 31, 2021 and 2020, we owed $523,000 and $123,000, respectively, to HTC under this agreement, which are included as a component of “accounts payable and accrued expenses” on our consolidated balance sheets. Mannheim Trust A subsidiary of Mannheim Trust leases office space at 712 Fifth Avenue, our 50.0% owned unconsolidated joint venture, pursuant to a lease agreement which expires in April 2023. Dr. Martin Bussmann (a member of our Board of Directors) is also a trustee and a director of Mannheim Trust. We recognized $362,000 in each of the years ended December 31, 2021 and 2020, and $360,000 for the year ended December 31, 2019 for our share of rental income pursuant to this lease. Other We have entered into an agreement with Kramer Design Services (“Kramer Design”) to, among other things, develop company-wide standard branding guidelines. Kramer Design is owned by the spouse of Albert Behler, our Chairman, Chief Executive Officer and President. We recognized expenses of $10,000 and $187,000 for the years ended December 31, 2021 and 2020, respectively, in connection with this agreement. There were no amounts owed to Kramer Design under this agreement as of December 31, 2021 and December 31, 2020. Kramer Design has also entered into agreements with 712 Fifth Avenue, our 50.0% owned unconsolidated joint venture, to, among other things, create and design marketing materials with respect to the vacant retail space at 712 Fifth Avenue. We recognized expenses of $29,000 for the year ended December 31, 2020 for our share of the fees incurred in connection with these agreements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
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 the perils such as floods, earthquakes and windstorms. Our policies also cover the loss of rental income during an estimated reconstruction period. Our policies reflect limits and deductibles customary in the industry and specific to the buildings and portfolio. We also obtain title insurance policies when acquiring new properties. We currently have coverage for losses incurred in connection with both domestic and foreign terrorist-related activities. While we do carry commercial general liability insurance, property insurance and terrorism insurance with respect to our properties, these policies include limits and terms we consider commercially reasonable. In addition, there are certain losses (including, but not limited to, losses arising from known environmental conditions or acts of war) that are not insured, in full or in part, because they are either uninsurable or the cost of insurance makes it, in our belief, economically impractical to maintain such coverage. Should an uninsured loss arise against us, we would be required to use our own funds to resolve the issue, including litigation costs. We believe the policy specifications and insured limits are adequate given the relative risk of loss, the cost of the coverage and industry practice and, in consultation with our insurance advisors, we believe the properties in our portfolio are adequately insured. Other Commitments and Contingencies We are a party to various claims and routine litigation arising in the ordinary course of business. Some of these claims or others to which we may be subject from time to time, including claims arising specifically from the formation transactions, in connection with our initial public offering, may result in defense costs, settlements, fines or judgments against us, some of which are not, or cannot be, covered by insurance. Payment of any such costs, settlements, fines or judgments that are not insured could have an adverse impact on our financial position and results of operations. Should any litigation arise in connection with the formation transactions, we would contest it vigorously. In addition, certain litigation or the resolution of certain litigation may affect the availability or cost of some of our insurance coverage, which could adversely impact our results of operations and cash flow, expose us to increased risks that would be uninsured, and/or adversely impact our ability to attract officers and directors. The terms of our mortgage debt agreements in place include certain restrictions and covenants which may limit, among other things, certain investments, the incurrence of additional indebtedness and liens and the disposition or other transfer of assets and interests in the borrower and other credit parties, and require compliance with certain debt yield, debt service coverage and loan to value ratios. In addition, our revolving credit facility contains representations, warranties, covenants, other agreements and events of default customary for agreements of this type with comparable companies. As of December 31, 2021, we believe we are in compliance with all of our covenants. 718 Fifth Avenue - Put Right Prior to the formation transactions, an affiliate of our predecessor owned a 25.0% interest in 718 Fifth Avenue, a five-story building containing 19,050 square feet of prime retail space that is located on the southwest corner of 56th Street and Fifth Avenue in New York (based on its 50.0% interest in a joint venture that held a 50.0% tenancy-in-common interest in the property). Prior to the completion of the formation transactions, this interest was sold to its partner in the 718 Fifth Avenue joint venture, who is also our joint venture partner in 712 Fifth Avenue, New York, New York. In connection with this sale, we granted our joint venture partner a put right, pursuant to which the 712 Fifth Avenue joint venture would be required to purchase the entire direct or indirect interests then held by our joint venture partner or its affiliates in 718 Fifth Avenue at a purchase price equal to the fair market value of such interests. The put right may be exercised at any time with the actual purchase occurring no earlier than 12 months after written notice is provided. If the put right is exercised and the 712 Fifth Avenue joint venture acquires the 50.0% tenancy-in-common interest in the property by our joint venture partner, we will own a 25.0% interest in 718 Fifth Avenue based on current ownership interests. Transfer Tax Assessments During 2017, the New York City Department of Finance issued Notices of Determination (“Notices”) assessing additional transfer taxes (including interest and penalties) in connection with the transfer of interests in certain properties during our 2014 initial public offering. We believe, after consultation with legal counsel, that the likelihood of a loss is reasonably possible, and while it is not possible to predict the outcome of these Notices, we estimate the range of loss could be between $0 and $52,100,000. Since no amount in this range is a better estimate than any other amount within the range, we have not accrued any liability arising from potential losses relating to these Notices in our consolidated financial statements.

Segments

Segments	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segments	2 2 . Segments Our reportable segments are separated by region, based on two regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker, makes key operating decisions, evaluates financial results and manages our business. The following tables provide Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Year Ended December 31, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 698,313 $ 443,384 $ 258,188 $ (3,259 ) Property-related operating expenses (265,438 ) (191,793 ) (69,976 ) (3,669 ) NOI from unconsolidated joint ventures (excluding One Steuart Lane) 43,597 11,303 32,221 73 NOI (1) $ 476,472 $ 262,894 $ 220,433 $ (6,855 ) For the Year Ended December 31, 2020 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 700,410 $ 454,071 $ 234,893 $ 11,446 Property-related operating expenses (273,440 ) (194,648 ) (68,924 ) (9,868 ) NOI from unconsolidated joint ventures 48,631 11,540 38,892 (1,801 ) NOI (1) $ 475,601 $ 270,963 $ 204,861 $ (223 ) For the Year Ended December 31, 2019 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 746,436 $ 482,648 $ 238,808 $ 24,980 Property-related operating expenses (274,836 ) (191,211 ) (69,815 ) (13,810 ) NOI from unconsolidated joint ventures 22,409 13,151 9,065 193 NOI (1) $ 494,009 $ 304,588 $ 178,058 $ 11,363 (1) NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies. (2) NOI for the years ended December 31, 2020 and 2019 includes NOI from discontinued operations. See Note 3, Discontinued Operations. The following table provides a reconciliation of NOI to net loss attributable to common stockholders for the periods set forth below. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 NOI $ 476,472 $ 475,601 $ 494,009 Add (subtract) adjustments to arrive to net income (loss): Fee income 28,473 28,070 22,744 Depreciation and amortization expense (232,487 ) (235,200 ) (240,104 ) General and administrative expenses (59,132 ) (64,917 ) (68,556 ) NOI from unconsolidated joint ventures (excluding One Steuart Lane) (43,597 ) (48,631 ) (22,409 ) Loss from unconsolidated joint ventures (24,896 ) (18,619 ) (4,706 ) Interest and other income, net 3,017 4,490 9,844 Interest and debt expense (142,014 ) (144,208 ) (156,679 ) Loss on early extinguishment of debt - - (11,989 ) Adjustments related to discontinued operations (including impairments and gain or loss on sale of real estate) - (8,390 ) (15,292 ) Other, net (134 ) (824 ) (2,342 ) Income (loss) from continuing operations, before income taxes 5,702 (12,628 ) 4,520 Income tax expense (3,643 ) (1,493 ) (312 ) Income (loss) from continuing operations, net 2,059 (14,121 ) 4,208 Loss from discontinued operations, net - (5,075 ) (33,811 ) Net income (loss) 2,059 (19,196 ) (29,603 ) Less: net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures (21,538 ) (9,257 ) (11,022 ) Consolidated real estate fund (2,893 ) 1,450 (313 ) Operating Partnership 2,018 2,299 4,039 Net loss attributable to common stockholders $ (20,354 ) $ (24,704 ) $ (36,899 ) 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, 2021 $ 8,494,562 $ 5,336,210 $ 2,696,131 $ 462,221 December 31, 2020 8,554,097 5,388,596 2,698,983 466,518 December 31, 2019 8,734,135 5,439,929 2,708,463 585,743

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2021
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E COLUMN F COLUMN G COLUMN H COLUMN I (Amounts in thousands) Life on which Costs capitalized depreciation subsequent Gross amount at which Accumulated in latest Initial cost to company to acquisition carried at close of period depreciation income Description Encumbrances Land Building and improvements Land Building and improvements Land Building and improvements Total (1) and amortization Date of construction Date acquired statement is computed 1633 Broadway $ 1,250,000 $ 502,846 $ 1,398,341 $ - $ 162,478 $ 502,846 $ 1,560,819 $ 2,063,665 $ (303,580 ) 1971 11/2014 5 to 40 Years 1301 Avenue of the Americas 860,000 406,039 1,051,697 - 115,915 406,039 1,167,612 1,573,651 (222,644 ) 1963 11/2014 5 to 40 Years 31 West 52nd Street 500,000 221,318 604,994 - 74,983 221,318 679,977 901,295 (122,721 ) 1987 11/2014 5 to 40 Years 1325 Avenue of the Americas - 174,688 370,553 - 63,534 174,688 434,087 608,775 (82,821 ) 1989 11/2014 5 to 40 Years 900 Third Avenue - 103,741 296,031 - 24,404 103,741 320,435 424,176 (60,642 ) 1983 11/2014 5 to 40 Years Total New York 2,610,000 1,408,632 3,721,616 - 441,314 1,408,632 4,162,930 5,571,562 (792,408 ) One Market Plaza 975,000 288,743 988,014 - 94,621 288,743 1,082,635 1,371,378 (208,368 ) 1976 11/2014 5 to 40 Years 300 Mission Street 273,000 141,097 343,819 - 52,845 141,097 396,664 537,761 (56,473 ) 1968 07/2017 5 to 40 Years One Front Street - 127,765 376,919 - 21,038 127,765 397,957 525,722 (49,871 ) 1979 12/2016 5 to 40 Years Total San Francisco 1,248,000 557,605 1,708,752 - 168,504 557,605 1,877,256 2,434,861 (314,712 ) Other - - - - 21,638 - 21,638 21,638 (5,857 ) 11/2014 5 to 40 Years Total $ 3,858,000 $ 1,966,237 $ 5,430,368 $ - $ 631,456 $ 1,966,237 $ 6,061,824 $ 8,028,061 $ (1,112,977 ) (1) The basis of the Company’s assets for tax purposes is approximately $2.4 billion lower than the amount reported for financial statement purposes. PARAMOUNT GROUP, INC. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Real Estate: Beginning balance $ 7,963,315 $ 7,889,885 $ 7,793,784 Acquisitions - - - Additions during the year: Land - - - Buildings and improvements 111,340 82,571 104,408 Assets sold and written-off (46,594 ) (9,141 ) (8,307 ) Ending balance $ 8,028,061 $ 7,963,315 $ 7,889,885 Accumulated Depreciation: Beginning balance $ 966,697 $ 790,216 $ 617,974 Additions charged to expense 192,874 185,622 180,549 Accumulated depreciation related to assets sold and written-off (46,594 ) (9,141 ) (8,307 ) Ending balance $ 1,112,977 $ 966,697 $ 790,216

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the Securities and Exchange Commission (the “SEC”). These consolidated financial statements include the accounts of Paramount and its consolidated subsidiaries, including the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation.
Real Estate	Real Estate Real estate is carried at cost less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of real estate are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 40 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, we assess the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. We assess fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. We record acquired intangible assets (including acquired above-market leases and acquired in-place leases) and acquired intangible liabilities (including below-market leases) at their estimated fair value. We amortize acquired above-market and below-market leases as a decrease or increase to rental revenue, respectively, over the lives of the respective leases. Amortization of acquired in-place leases is included as a component of “depreciation and amortization”. Our properties, including any related intangible assets, are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property’s carrying amount over its estimated fair value. Estimates of fair value are determined using discounted cash flow models, which consider, among other things, anticipated holding periods, current market conditions and utilize unobservable quantitative inputs, including appropriate capitalization and discount rates. If our estimates of the projected future cash flows, anticipated holding periods, or market conditions change, our evaluation of impairment losses may be different and such differences could be material to our consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. Plans to hold properties over longer periods decrease the likelihood of recording impairment losses. Real estate and related intangibles are classified as held for sale when all the necessary criteria are met. The criteria include (i) management, having the authority to approve action, commits to a plan to sell the property in its present condition, (ii) the sale of the property is at a price reasonable in relation to its current fair value and (iii) the sale is probable and expected to be completed within one year. Real estate and the related intangibles held for sale are carried at the lower of carrying amounts or estimated fair value less disposal costs. Depreciation and amortization is not recognized on real estate and related intangibles classified as assets held for sale.
Variable Interest Entities and Investments in Unconsolidated Joint Ventures and Funds	Variable Interest Entities (“VIEs”) and Investments in Unconsolidated Joint Ventures and Funds We consolidate VIEs in which we are considered to be the primary beneficiary. Entities are considered to be the primary beneficiary if they have both of the following characteristics: (i) the power to direct the activities that, when taken together, most significantly impact the VIE’s performance, and (ii) the obligation to absorb losses and right to receive the returns from the VIE that would be significant to the VIE. Our judgment with respect to our level of influence or control of an entity involves the consideration of various factors including the form of our ownership interest, our representation in the entity’s governance, the size of our investment, estimates of future cash flows, our ability to participate in policy making decisions and the rights of the other investors to participate in the decision making process and to replace us as manager and/or liquidate the joint venture, if applicable. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity method investments, which consist of investments in unconsolidated joint ventures and funds are initially recorded at cost and subsequently adjusted for (i) our share of net income or loss, (ii) our share of other comprehensive income or loss, and (iii) cash contributions and distributions. To the extent that our cost basis is different than our share of the equity in the equity method investment, the basis difference allocated to depreciable assets is amortized into “loss from unconsolidated joint ventures” over the estimated useful life of the related asset. The agreements that govern our equity method investments may designate different percentage allocations among investors for profits and losses; however, our recognition of income or loss generally follows the investment’s distribution priorities, which may change upon the achievement of certain investment return thresholds. We account for cash distributions in excess of our basis in the equity method investments as income when we have neither the requirement, nor the intent to provide financial support to the joint venture. Investments accounted for under the equity method are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is measured based on the excess of the carrying amount of an investment over its estimated fair value. Impairment analyses are based on current plans, intended holding periods and available information at the time the analyses are prepared. Investments that do not qualify for consolidation or equity method accounting are accounted for under the cost method.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and short-term highly liquid investments with original maturities of three months or less. The majority of our cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation limit. To date, we have not experienced any losses on our invested cash.
Restricted Cash	Restricted Cash Restricted cash consists primarily of security deposits held on behalf of our tenants, cash escrowed under loan agreements for debt service, real estate taxes, property insurance and capital improvements and cash restricted in connection with our deferred compensation plan. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.
Marketable Securities	Marketable Securities Marketable securities consists of investments in trading securities that are held in our deferred compensation plan for which there is an offsetting liability. These investments are initially recorded at cost and subsequently measured at fair value at the end of each reporting period, with gains or losses resulting from changes in fair value recognized in earnings, which are included as a component of “interest and other income, net” on our consolidated statements of income and the earnings are entirely offset by expenses from the mark-to-market of plan liabilities, which are included as a component of “general and administrative” expenses on our consolidated statements of income. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.
Deferred Charges	Deferred Charges Deferred charges include deferred leasing costs related to successful leasing activities and deferred financing costs related to our revolving credit facility. Deferred leasing costs consist of fees and direct costs related to successful leasing activities. Such deferred costs are amortized on a straight-line basis over the lives of the related leases and recognized in our consolidated statements of income as a component of “depreciation and amortization”. Deferred financing costs consist of fees and direct costs incurred in obtaining our revolving credit facility. Such deferred financing costs are amortized over the term of the revolving credit facility and are recognized as a component of “interest and debt expense” on our consolidated statements of income.
Deferred Financing Costs Related to Notes and Mortgages Payable	Deferred Financing Costs Related to Notes and Mortgages Payable Deferred financing costs related to notes and mortgages payable consists of fees and direct costs incurred in obtaining such financing and are recorded as a reduction of our notes and mortgages payable. Such costs are amortized over the terms of the related debt agreements and recognized as a component of “interest and debt expense” on our consolidated statements of income.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivatives on our consolidated balance sheets at fair value in accordance with Accounting Standards Codification (“ASC”) Topic 815, Derivatives and Hedging
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC Topic 820, Fair Value Measurement and Disclosures 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, 2021, are classified as Level 2 in the fair value hierarchy. Marketable Securities Marketable securities are valued by a third-party specialist using quoted prices in active markets. 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 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, 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 Other income includes income from tenant requested services, including cleaning, overtime heating and cooling and parking income.
Gains and Losses on Sale of Real Estate	Gains and Losses on Sale of Real Estate Gains and losses on the sale of real estate are recognized pursuant to ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets,
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation
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 $2,024,000, $698,000 and $242,000 for the years ended December 31, 2021, 2020 and 2019, respectively. In addition, our TRSs had combined deferred income tax expense of $703,000 and $32,000 for the years ended December 31, 2021 and 2020, respectively, and a combined deferred income tax benefit of $28,000 for the year ended December 31, 2019. The following table reconciles net loss attributable to Paramount Group, Inc. to estimated taxable income for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Net loss attributable to Paramount Group, Inc. $ (20,354 ) $ (24,704 ) $ (36,899 ) Book to tax differences: Straight-lining of rents and amortization of above and below-market leases, net 3,082 (10,462 ) (37,244 ) Depreciation and amortization 62,218 62,002 79,750 Stock-based compensation 16,933 17,766 20,812 Deferred compensation plan (28,793 ) (1) - 500 Real estate impairment loss - - 38,237 Sale of real estate - 55,640 12,107 Other, net 27,476 (11,095 ) 12,253 Estimated taxable income $ 60,562 $ 89,147 $ 89,516 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants. The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, 2021 2020 2019 Amount % Amount % Amount % Ordinary income $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % $ 0.323 (1) 80.7 % Long-term capital gain 0.023 8.2 % 0.190 47.5 % 0.062 15.5 % Return of capital 0.004 1.4 % 0.000 0.0 % 0.015 3.8 % Total $ 0.280 (2) 100.0 % $ 0.400 (2) 100.0 % $ 0.400 (2) 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 years ended December 31, 2021, 2020 and 2019 of $0.07, $0.07 and $0.10 per share, respectively, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes.
Segments	Segments Our reportable segments are separated by region, based on the two regions in which we conduct our business: New York and San Francisco. Our determination of segments is aligned with our method of internal reporting and the way our Chief Executive Officer, who is also our Chief Operating Decision Maker, makes key operating decisions, evaluates financial results and manages our business. See Note 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.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU 2019-12, an update to ASC Topic 740, Income Taxes. In March 2020, the FASB issued ASU 2020-04, which adds ASC Topic 848, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting In August 2020, the FASB issued ASU 2020-06, an update to ASC Topic 470, Subtopic - 20, Debt - Debt with Conversion and Other Options Derivatives and Hedging - Contracts in Entity's Own Equity Earnings Per Share, In October 2020, the FASB issued ASU 2020-10, Codification Improvements

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Net loss attributable to Paramount Group, Inc. $ (20,354 ) $ (24,704 ) $ (36,899 ) Book to tax differences: Straight-lining of rents and amortization of above and below-market leases, net 3,082 (10,462 ) (37,244 ) Depreciation and amortization 62,218 62,002 79,750 Stock-based compensation 16,933 17,766 20,812 Deferred compensation plan (28,793 ) (1) - 500 Real estate impairment loss - - 38,237 Sale of real estate - 55,640 12,107 Other, net 27,476 (11,095 ) 12,253 Estimated taxable income $ 60,562 $ 89,147 $ 89,516 (1) In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.
Summary of Characterization of Dividend Distributions for Federal Income Tax Purposes	The following table sets forth the characterization of dividend distributions for federal income tax purposes for the years ended December 31, 2021, 2020 and 2019. For the Year Ended December 31, 2021 2020 2019 Amount % Amount % Amount % Ordinary income $ 0.253 (1) 90.4 % $ 0.210 (1) 52.5 % $ 0.323 (1) 80.7 % Long-term capital gain 0.023 8.2 % 0.190 47.5 % 0.062 15.5 % Return of capital 0.004 1.4 % 0.000 0.0 % 0.015 3.8 % Total $ 0.280 (2) 100.0 % $ 0.400 (2) 100.0 % $ 0.400 (2) 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 years ended December 31, 2021, 2020 and 2019 of $0.07, $0.07 and $0.10 per share, respectively, that were paid in January of the subsequent years, were attributable to the years in which they were paid, for federal income tax purposes.

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Operations and Cash Flow from Discontinued Operations	The tables below provide the details of the results of operations and the details of the cash flows related to discontinued operations for the periods set forth below. (Amounts in thousands) For the Year Ended December 31, Income Statements: (1) 2020 2019 Revenues: Rental revenue $ 13,967 $ 24,969 Other income 276 457 Total revenues 14,243 25,426 Expenses: Operating 5,853 10,134 Depreciation and amortization 690 8,243 Total expenses 6,543 18,377 Other income (expense): Real estate impairment loss - (42,000 ) Income (loss) before gain or loss on sale of real estate 7,700 (34,951 ) (Loss) gain on sale of real estate (2) (12,766 ) 1,140 Loss before income taxes (5,066 ) (33,811 ) Income tax expense (9 ) - Loss from discontinued operations, net $ (5,075 ) $ (33,811 ) For the Year Ended December 31, Statements of Cash Flows: (1) 2020 2019 Cash provided by operating activities $ 5,522 $ 15,949 Cash provided by investing activities Proceeds from sale of real estate (3) $ 89,206 $ 150,307 Additions to real estate - (1,514 ) Total cash provided by investing activities $ 89,206 $ 148,793 Cash used in financing activities $ (96,896 ) $ (162,294 ) Additional Cash Flow Information: Depreciation and amortization $ 690 $ 8,243 (1) Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue in the year ended December 31, 2020 and 1899 Pennsylvania Avenue and Liberty Place in the year ended December 31, 2019 (2) Represents the loss on sale of 1899 Pennsylvania Avenue in 2020 and gain on sale of Liberty Place in 2019. (3) Represents the proceeds from the sale of 1899 Pennsylvania Avenue in 2020 and Liberty Place in 2019.

Investments in Unconsolidated_2

Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2021
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 2021 2020 712 Fifth Avenue (1) 50.0% $ - $ - Market Center 67.0% 185,344 192,306 55 Second Street (2) 44.1% 88,284 92,298 111 Sutter Street 49.0% 35,182 37,818 60 Wall Street (2) 5.0% 19,230 19,164 One Steuart Lane (2) 35.0% (3) 76,428 67,505 Oder-Center, Germany (2) 9.5% 3,628 3,633 Investments in unconsolidated joint ventures $ 408,096 $ 412,724 (Amounts in thousands) For the Year Ended December 31, Our Share of Net (Loss) Income: 2021 2020 2019 712 Fifth Avenue (1) $ (10,265 ) $ 687 $ 1,849 Market Center (4) (11,848 ) (11,315 ) (744 ) 55 Second Street (2)(5) (2,912 ) (2,723 ) (826 ) 111 Sutter Street (6) (2,658 ) (3,172 ) (4,394 ) 60 Wall Street (2) 66 (70 ) (551 ) One Steuart Lane (2) 2,678 (7) (2,043 ) (118 ) Oder-Center, Germany (2) 43 17 78 Loss from unconsolidated joint ventures $ (24,896 ) $ (18,619 ) $ (4,706 ) (1) At December 31, 2020, our basis in the joint venture that owns 712 Fifth Avenue was negative $22,345. Since we have no further obligation to fund additional capital to the joint venture, we no longer recognize our proportionate share of earnings from the joint venture. Instead, we recognize income only to the extent we receive cash distributions from the joint venture and recognize losses to the extent we make cash contributions to the joint venture. During the year ended December 31, 2021, we received $1,485 in distributions from the joint venture and made an $11,750 contribution to the joint venture. Accordingly, we recognized a loss of $10,265, which is included in “loss from unconsolidated joint ventures” on our consolidated statement of income. Additionally, the joint venture had net losses of $4,498 for the year ended December 31, 2021, of which our 50.0% share was $2,249. Accordingly, our basis in the joint venture, taking into account distributions received, contributions made and our share of losses, was negative $14,329 as of December 31, 2021. (2) As of December 31, 2021, the carrying amount of our investments in 55 Second Street, 60 Wall Street, One Steuart Lane and Oder-Center, Germany was greater than our share of equity in these investments by $478, $2,617, $751, $4,658, respectively, and primarily represents the unamortized portion of our capitalized acquisition costs. (3) Represents our consolidated Residential Development Fund’s (“RDF”) economic interest in One Steuart Lane, a for-sale residential condominium project. (4) Acquired on December 11, 2019. (5) Acquired on August 21, 2019. (6) Acquired on February 7, 2019. (7) Includes RDF’s share of gain on sale of residential condominium units.
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 and for the periods set forth below. (Amounts in thousands) As of December 31, Balance Sheets: 2021 2020 Real estate, net $ 2,246,152 $ 2,674,858 Cash and cash equivalents and restricted cash 216,910 120,149 Intangible assets, net 58,590 110,307 For-sale residential condominium units (1) 359,638 - Other assets 46,646 45,761 Total assets $ 2,927,936 $ 2,951,075 Notes and mortgages payable, net $ 1,791,404 $ 1,801,084 Intangible liabilities, net 18,397 26,772 Other liabilities 61,097 87,575 Total liabilities 1,870,898 1,915,431 Equity 1,057,038 1,035,644 Total liabilities and equity $ 2,927,936 $ 2,951,075 (Amounts in thousands) For the Year Ended December 31, Income Statements: 2021 2020 2019 Revenues: Rental revenue $ 229,420 $ 243,713 $ 164,316 Other income 139,705 (2) 2,828 2,108 Total revenues 369,125 246,541 166,424 Expenses: Operating 220,396 (2) 109,114 68,491 Depreciation and amortization 107,079 117,640 68,318 Total expenses 327,475 226,754 136,809 Other income (expense): Interest and other (loss) income, net (111 ) (36 ) 663 Interest and debt expense (63,493 ) (58,239 ) (51,113 ) Net loss before income taxes (21,954 ) (38,488 ) (20,835 ) Income tax expense (32 ) (47 ) (16 ) Net loss $ (21,986 ) $ (38,535 ) $ (20,851 ) (1) Represents the cost of residential condominium units at One Steuart Lane that are available for sale. (2) Includes proceeds and cost of sales from the sale of residential condominium units at One Steuart Lane.

Intangible Assets and Liabili_2

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 Intangible assets: Gross amount $ 371,555 $ 436,851 Accumulated amortization (252,142 ) (283,332 ) $ 119,413 $ 153,519 Intangible liabilities: Gross amount $ 151,118 $ 163,977 Accumulated amortization (105,790 ) (107,981 ) $ 45,328 $ 55,996 For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Amortization of above and below-market leases, net (component of "rental revenue") $ 3,070 $ 4,775 $ 11,097 Amortization of acquired in-place leases (component of "depreciation and amortization") $ 26,507 $ 36,628 $ 46,917
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, 2022. (Amounts in thousands) For the Year Ending December 31, Above and Below-Market Leases, Net In-Place Leases 2022 $ 1,344 $ 21,644 2023 5,080 17,705 2024 6,020 14,248 2025 4,674 10,451 2026 2,801 7,896

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes our consolidated outstanding debt. Maturity Fixed/ Interest Rate as of As of December 31, (Amounts in thousands) Date Variable Rate December 31, 2021 2021 2020 Notes and mortgages payable: 1633 Broadway (1) Dec-2029 Fixed 2.99 % $ 1,250,000 $ 1,250,000 One Market Plaza (1) Feb-2024 Fixed 4.03 % 975,000 975,000 1301 Avenue of the Americas Aug-2026 Fixed (2) 2.46 % 500,000 500,000 Aug-2026 L + 356 bps (3) 3.67 % 360,000 350,000 2.96 % 860,000 850,000 31 West 52nd Street Jun-2026 Fixed 3.80 % 500,000 500,000 300 Mission Street (1) Oct-2023 Fixed 3.65 % 273,000 244,434 Total notes and mortgages payable 3.40 % 3,858,000 3,819,434 Less: unamortized deferred financing costs (22,380 ) (18,695 ) Total notes and mortgages payable, net $ 3,835,620 $ 3,800,739 $750 Million Revolving Credit Facility Mar-2026 SOFR + 115 bps n/a $ - $ - (1) Our ownership interests in 1633 Broadway, One Market Plaza and 300 Mission Street are 90.0%, 49.0% and 31.1%, respectively (2) Represents variable rate loans that have been fixed by interest rate swaps through August 2024. See Note 8, Derivative Instruments and Hedging Activities. (3) Represents variable rate loans 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 Notes and Revolving (Amounts in thousands) Total Mortgages Payable Credit Facility 2022 $ - $ - $ - 2023 273,000 273,000 - 2024 975,000 975,000 - 2025 - - - 2026 1,360,000 1,360,000 - Thereafter 1,250,000 1,250,000 -

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Swaps	The table below provide additional details on our interest rate swaps that are designated as cash flow hedges. Notional Strike Fair Value as of Property Amount Effective Date Maturity Date Rate December 31, 2021 (Amounts in thousands) 1301 Avenue of the Americas $ 500,000 Jul-2021 Aug-2024 0.46 % $ 6,691 Total interest rate swap assets designated as cash flow hedges (included in "other assets") $ 6,691

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component	The following table sets forth changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2021, 2020 and 2019, including amounts attributable to noncontrolling interests in the Operating Partnership. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Amount of income (loss) related to the cash flow hedges recognized in other comprehensive income (loss) $ 6,069 (1) $ - $ (23,147 ) (2) Amount reclassified from accumulated other comprehensive income (loss) increasing (decreasing) interest and debt expense 788 (1) - (4,922 ) (2) Amount reclassified to loss on early extinguishment of debt (3) - - 11,258 Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive income (loss) (4) 5,562 (16,141 ) 206 Amounts reclassified from accumulated other comprehensive income (loss) increasing loss from unconsolidated joint ventures (4) 4,003 2,247 - (1) Represents amounts related to interest rate swaps with an aggregate notional value of $500,000 and interest rate caps with an aggregate notional value of $360,000, which were designated as cash flow hedges. (2) Represents amounts related to interest rate swaps with an aggregate notional amount of $1.0 billion and forward starting interest rate swaps with an aggregate notional amount of $400,000 that were designated as cash flow hedges. These hedges were terminated in November 2019 in connection with the refinancing of the related asset. (3) Represents costs incurred in connection with the settlement of interest rate swap liabilities upon the refinancing of 1633 Broadway in November 2019. (4) Primarily represents amounts related to interest rate swap with a notional value of $402,000, which was designated as cash flow hedge.

Variable Interest Entities ("_2

Variable Interest Entities ("VIEs") (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 Real estate, net $ 3,415,735 $ 3,470,766 Cash and cash equivalents and restricted cash 198,154 134,647 Investments in unconsolidated joint ventures 76,428 67,505 Accounts and other receivables 6,801 6,871 Deferred rent receivable 197,794 192,401 Deferred charges, net 53,013 55,156 Intangible assets, net 62,380 76,545 Other assets 15,551 21,496 Total VIE assets $ 4,025,856 $ 4,025,387 Notes and mortgages payable, net $ 2,487,871 $ 2,457,272 Accounts payable and accrued expenses 54,738 51,590 Intangible liabilities, net 27,674 33,566 Other liabilities 6,427 4,486 Total VIE liabilities $ 2,576,710 $ 2,546,914
Unconsolidated VIEs [Member]
Summary of Investments in Unconsolidated Real Estate Funds and Maximum Risk of Loss from Investments	The following table summarizes our investments in these unconsolidated real estate funds and the maximum risk of loss from these investments. As of December 31, (Amounts in thousands) 2021 2020 Investments $ 11,421 $ 12,917 Asset management fees and other receivables 9 561 Maximum risk of loss $ 11,430 $ 13,478

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 (Amounts in thousands) Total Level 1 Level 2 Level 3 Interest rate swap assets (included in "other assets") $ 6,691 $ - $ 6,691 $ - Interest rate cap assets (included in "other assets") 306 - 306 - Total assets $ 6,997 $ - $ 6,997 $ - As of December 31, 2020 (Amounts in thousands) Total Level 1 Level 2 Level 3 Marketable securities (included in "other assets") (1) $ 17,178 $ 17,178 $ - $ - Total assets $ 17,178 $ 17,178 $ - $ - (1) Represents the assets in our deferred compensation plan. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.
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, 2021 As of December 31, 2020 Carrying Amount Fair Value Carrying Amount Fair Value Notes and mortgages payable $ 3,858,000 $ 3,893,252 $ 3,819,434 $ 3,871,644 Revolving credit facility - - - - Total liabilities $ 3,858,000 $ 3,893,252 $ 3,819,434 $ 3,871,644

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 Rental revenue: Fixed $ 635,513 $ 627,352 (1) $ 647,345 Variable 54,905 (2) 51,663 62,163 Total rental revenue $ 690,418 $ 679,015 $ 709,508 (1) Includes (i) $33,205 of non-cash write-offs, primarily for straight-line rent receivables and (ii) $2,051 of reserves for uncollectible accounts receivable. (2) Includes $5,051 of income in connection with a tenant’s lease termination at 300 Mission Street.
Schedule of Future Undiscounted Cash Flows Under Non-Cancelable Operating Leases	The following table is a schedule of future undiscounted cash flows under non-cancelable operating leases in effect as of December 31, 2021, for each of the five succeeding years and thereafter commencing January 1, 2022. (Amounts in thousands) 2022 $ 635,304 2023 625,493 2024 612,419 2025 557,699 2026 462,128 Thereafter 2,294,340 Total $ 5,187,383

Fee and Other Income (Tables)

Fee and Other Income (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 Fee income: Asset management $ 13,284 $ 14,266 $ 10,442 Property management 8,589 9,242 6,852 Acquisition, disposition, leasing and other 6,600 4,562 5,450 Total fee income 28,473 28,070 22,744 Other income (1) 7,895 7,152 11,502 Total fee and other income $ 36,368 $ 35,222 $ 34,246 (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, 2020 $ 5,179 $ 1,949 $ 793 $ 2,437 Balance as of December 31, 2021 3,206 2,072 686 448 (Decrease) increase $ (1,973 ) $ 123 $ (107 ) $ (1,989 )

Interest and Other Income, net

Interest and Other Income, net (Tables)	12 Months Ended
	Dec. 31, 2021
Interest And Other Income [Abstract]
Schedule of Interest and Other Income, net	The following table sets forth the details of interest and other income, net. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 Interest income, net $ 1,183 $ 2,054 $ 5,484 Mark-to-market of investments in our deferred compensation plans (1) 1,834 2,436 3,906 Preferred equity investment income (2) - - 454 Total interest and other income, net $ 3,017 $ 4,490 $ 9,844 (1) The change resulting from the mark-to-market of the deferred compensation plan assets is entirely offset by the change in deferred compensation plan liabilities, which is included as a component of “general and administrative” expenses on our consolidated statements of income. (2) The preferred equity investment was redeemed on March 1, 2019.

Interest and Debt Expense (Tabl

Interest and Debt Expense (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 Interest expense $ 132,887 $ 134,931 $ 137,356 Amortization of deferred financing costs 9,127 (1) 9,277 19,323 (1) Total interest and debt expense $ 142,014 $ 144,208 $ 156,679 (1) Includes $761 of expense from the non-cash write-off of deferred financing costs in connection with the $860,000 refinancing of 1301 Avenue of the Americas in July 2021 and

Incentive Compensation (Tables)

Incentive Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Fair Value of AOLTIP Unit Estimated Using Option-Pricing Model	The fair value of the AOLTIP unit is estimated using an option-pricing model with the following weighted average assumptions for grants in the year ended December 31, 2021. For the Year Ended December 31, 2021 Expected volatility 34.0% Expected life 4.8 years Risk free interest rate 0.6% Expected dividend yield 3.0%
Performance Programs [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our LTIP unit activity granted under the Performance Programs for the year ended December 31, 2021. Units Weighted-Average Grant-Date Unvested as of December 31, 2020 3,780,792 $ 5.93 Granted 1,687,202 4.33 Earned and Vested - - Cancelled or expired (1,368,107 ) 5.05 Unvested as of December 31, 2021 4,099,887 $ 5.57
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, 2021. Shares Weighted-Average Grant-Date Unvested as of December 31, 2020 168,708 $ 13.44 Granted 180,861 8.76 Vested (80,562 ) 12.76 Cancelled or expired (38,461 ) 10.84 Unvested as of December 31, 2021 230,546 $ 10.44
Employee Stock Option [Member]
Summary of Stock Option Activity	The following table summarizes our stock option activity for the year ended December 31, 2021. Shares Weighted-Average Exercise (per share) Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2020 2,032,493 $ 17.06 Granted - - Exercised - - Cancelled or expired (21,500 ) 17.50 Outstanding as of December 31, 2021 2,010,993 $ 17.06 3.7 $ - Options vested and expected to vest as of December 31, 2021 2,010,993 $ 17.06 3.7 $ - Options exercisable as of December 31, 2021 2,010,993 $ 17.06 3.7 $ -
Long Term Incentive Plan [Member]
Summary of LTIP Unit and Restricted Stock Activity	The following table summarizes our LTIP unit activity for the year ended December 31, 2021. Units Weighted-Average Grant-Date Unvested as of December 31, 2020 1,724,809 $ 12.36 Granted 1,056,395 8.20 Vested (726,332 ) 11.82 Cancelled or expired (14,136 ) 11.98 Unvested as of December 31, 2021 2,040,736 $ 10.40
Appreciation Only Long Term Incentive Plan
Summary of Stock Option Activity	The following table summarizes our AOLTIP unit activity for the year ended December 31, 2021. Shares Weighted-Average Exercise (per unit) Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding as of December 31, 2020 - $ - Granted 2,171,875 8.63 Exercised - - Cancelled or expired - - Outstanding as of December 31, 2021 2,171,875 $ 8.63 6.1 $ - AOLTIP units vested and expected to vest as of December 31, 2021 2,061,845 $ 8.63 6.1 $ - AOLTIP units exercisable as of December 31, 2021 600,000 $ 8.63 6.1 $ -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Summary of Computation of Earnings Per Share	The following table summarizes our net loss and the number of common shares used in the computation of basic and diluted loss per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any. For the Year Ended December 31, (Amounts in thousands, except per share amounts) 2021 2020 2019 Numerator: Continuing Operations: Net loss from continuing operations attributable to common stockholders $ (20,354 ) $ (20,063 ) $ (6,418 ) Earnings allocated to unvested participating securities (70 ) (44 ) (27 ) Numerator for net loss from continuing operations per common share - basic and diluted (20,424 ) (20,107 ) (6,445 ) Discontinued Operations: Net loss from discontinued operations attributable to common stockholders - (4,641 ) (30,481 ) Earnings allocated to unvested participating securities - (22 ) (44 ) Numerator for net loss from discontinued operations per common share - basic and diluted - (4,663 ) (30,525 ) Numerator for net loss per common share - basic and diluted $ (20,424 ) $ (24,770 ) $ (36,970 ) Denominator: Denominator for basic loss per common share - weighted average shares 218,701 222,436 231,538 Effect of dilutive stock-based compensation plans (1) - - - Denominator for diluted loss per common share - weighted average shares 218,701 222,436 231,538 Loss per Common Share - Basic and Diluted: Continuing operations, net $ (0.09 ) $ (0.09 ) $ (0.03 ) Discontinued operations, net - (0.02 ) (0.13 ) Net loss per common share - basic and diluted $ (0.09 ) $ (0.11 ) $ (0.16 ) (1) The effect of dilutive securities for the years ended December 31, 2021, 2020 and 2019 excludes 23,775, 23,540 and 27,191 weighted average share equivalents, respectively, as their effect was anti-dilutive.

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of NOI for Each Reportable Segment Information	The following tables provide Net Operating Income (“NOI”) for each reportable segment for the periods set forth below. For the Year Ended December 31, 2021 (Amounts in thousands) Total New York San Francisco Other Property-related revenues $ 698,313 $ 443,384 $ 258,188 $ (3,259 ) Property-related operating expenses (265,438 ) (191,793 ) (69,976 ) (3,669 ) NOI from unconsolidated joint ventures (excluding One Steuart Lane) 43,597 11,303 32,221 73 NOI (1) $ 476,472 $ 262,894 $ 220,433 $ (6,855 ) For the Year Ended December 31, 2020 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 700,410 $ 454,071 $ 234,893 $ 11,446 Property-related operating expenses (273,440 ) (194,648 ) (68,924 ) (9,868 ) NOI from unconsolidated joint ventures 48,631 11,540 38,892 (1,801 ) NOI (1) $ 475,601 $ 270,963 $ 204,861 $ (223 ) For the Year Ended December 31, 2019 (Amounts in thousands) Total New York San Francisco Other (2) Property-related revenues $ 746,436 $ 482,648 $ 238,808 $ 24,980 Property-related operating expenses (274,836 ) (191,211 ) (69,815 ) (13,810 ) NOI from unconsolidated joint ventures 22,409 13,151 9,065 193 NOI (1) $ 494,009 $ 304,588 $ 178,058 $ 11,363 (1) NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies. (2) NOI for the years ended December 31, 2020 and 2019 includes NOI from discontinued operations. See Note 3, Discontinued Operations.
Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders	The following table provides a reconciliation of NOI to net loss attributable to common stockholders for the periods set forth below. For the Year Ended December 31, (Amounts in thousands) 2021 2020 2019 NOI $ 476,472 $ 475,601 $ 494,009 Add (subtract) adjustments to arrive to net income (loss): Fee income 28,473 28,070 22,744 Depreciation and amortization expense (232,487 ) (235,200 ) (240,104 ) General and administrative expenses (59,132 ) (64,917 ) (68,556 ) NOI from unconsolidated joint ventures (excluding One Steuart Lane) (43,597 ) (48,631 ) (22,409 ) Loss from unconsolidated joint ventures (24,896 ) (18,619 ) (4,706 ) Interest and other income, net 3,017 4,490 9,844 Interest and debt expense (142,014 ) (144,208 ) (156,679 ) Loss on early extinguishment of debt - - (11,989 ) Adjustments related to discontinued operations (including impairments and gain or loss on sale of real estate) - (8,390 ) (15,292 ) Other, net (134 ) (824 ) (2,342 ) Income (loss) from continuing operations, before income taxes 5,702 (12,628 ) 4,520 Income tax expense (3,643 ) (1,493 ) (312 ) Income (loss) from continuing operations, net 2,059 (14,121 ) 4,208 Loss from discontinued operations, net - (5,075 ) (33,811 ) Net income (loss) 2,059 (19,196 ) (29,603 ) Less: net (income) loss attributable to noncontrolling interests in: Consolidated joint ventures (21,538 ) (9,257 ) (11,022 ) Consolidated real estate fund (2,893 ) 1,450 (313 ) Operating Partnership 2,018 2,299 4,039 Net loss attributable to common stockholders $ (20,354 ) $ (24,704 ) $ (36,899 )
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, 2021 $ 8,494,562 $ 5,336,210 $ 2,696,131 $ 462,221 December 31, 2020 8,554,097 5,388,596 2,698,983 466,518 December 31, 2019 8,734,135 5,439,929 2,708,463 585,743

Organization and Business - Add

Organization and Business - Additional Information (Details) ft² in Millions	12 Months Ended
	Dec. 31, 2021ft²Properties
Real Estate Properties [Line Items]
Area of office and retail properties	13.9
Rent collections expressed as a percentage of billing	99.60%
Office Tenants [Member]
Real Estate Properties [Line Items]
Rent collections expressed as a percentage of billing	99.90%
Annualized rent	96.50%
Non Office Tenants [Member]
Real Estate Properties [Line Items]
Rent collections expressed as a percentage of billing	92.90%
Annualized rent	3.50%
New York [Member]
Real Estate Properties [Line Items]
Number of Real Estate Properties | Properties	7
Area of office and retail properties	8.6
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	0.4
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	6
Area of office and retail properties	1
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Real Estate Properties [Line Items]
Percentage of ownership in operating partnership	91.00%

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policies - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Minimum percentage of taxable income distributed to shareholders	90.00%
Income tax expense	$ 3,643	$ 1,493	$ 312
Number of reportable segments | Segment	2
Taxable REIT Subsidiaries [Member]
Income tax expense	$ 2,024	698	242
Deferred income tax expense (benefit)	$ 703	$ 32	$ (28)
Minimum [Member]
Estimated useful lives of the assets, years	5
Lease term	5 years
Maximum [Member]
Estimated useful lives of the assets, years	40
Lease term	15 years

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policies - Summary of Reconciliation Net Income (Loss) Attributable to Estimated Taxable Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Net loss attributable to Paramount Group, Inc.	$ (20,354)	$ (24,704)	$ (36,899)
Book to tax differences:
Straight-lining of rents and amortization of above and below-market leases, net	3,082	(10,462)	(37,244)
Depreciation and amortization	62,218	62,002	79,750
Stock-based compensation	16,933	17,766	20,812
Deferred compensation plan	(28,793)		500
Real estate impairment loss			38,237
Sale of real estate		55,640	12,107
Other, net	27,476	(11,095)	12,253
Estimated taxable income	$ 60,562	$ 89,147	$ 89,516

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	3 Months Ended			12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes [Line Items]
Cash dividend	$ 0.07	$ 0.07	$ 0.10	$ 0.280	$ 0.400	$ 0.400
Ordinary income				90.40%	52.50%	80.70%
Long-term capital gain				8.20%	47.50%	15.50%
Return of capital				1.40%	0.00%	3.80%
Total				100.00%	100.00%	100.00%
Ordinary Income [Member]
Income Taxes [Line Items]
Cash dividend				$ 0.253	$ 0.210	$ 0.323
Long-Term Capital Gain [Member]
Income Taxes [Line Items]
Cash dividend				0.023	0.190	0.062
Return of Capital [Member]
Income Taxes [Line Items]
Cash dividend				$ 0.004	$ 0	$ 0.015

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, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Cash dividend	$ 0.07	$ 0.07	$ 0.10	$ 0.280	$ 0.400	$ 0.400

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Details)		Dec. 24, 2020USD ($)ft²	Sep. 26, 2019USD ($)ft²	Dec. 31, 2020USD ($)	Dec. 31, 2021ft²
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Area of office and retail properties | ft²					13,900,000
1899 Pennsylvania Avenue [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Sale, net proceeds	[1]			$ 14,243,000
Gain (loss) on sale of property	[1],[2]			$ (12,766,000)
1899 Pennsylvania Avenue [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Area of office and retail properties | ft²		191,000
Sale agreement amount		$ 103,000,000
Sale, net proceeds		89,206,000
Gain (loss) on sale of property		$ (12,766,000)
Liberty Place [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Area of office and retail properties | ft²			172,000
Sale agreement amount			$ 154,500,000
Gain (loss) on sale of property			$ 1,140,000
[1]	Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue in the year ended December 31, 2020 and 1899 Pennsylvania Avenue and Liberty Place in the year ended December 31, 2019
[2]	Represents the loss on sale of 1899 Pennsylvania Avenue in 2020 and gain on sale of Liberty Place in 2019.

Discontinued Operations - Sched

Discontinued Operations - Schedule of Results of Operations Related to Discontinued Operations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Other income (expense):
Real estate impairment loss			$ (42,000)
Loss from discontinued operations, net		$ (5,075)	(33,811)
1899 Pennsylvania Avenue [Member]
Revenues:
Rental revenue	[1]	13,967
Other income	[1]	276
Total revenues	[1]	14,243
Expenses:
Operating	[1]	5,853
Depreciation and amortization	[1]	690
Total expenses	[1]	6,543
Other income (expense):
Income (loss) before gain or loss on sale of real estate	[1]	7,700
(Loss) gain on sale of real estate	[1],[2]	(12,766)
Loss before income taxes	[1]	(5,066)
Income tax expense	[1]	(9)
Loss from discontinued operations, net	[1]	$ (5,075)
1899 Pennsylvania Avenue and Liberty Place [Member]
Revenues:
Rental revenue	[1]		24,969
Other income	[1]		457
Total revenues	[1]		25,426
Expenses:
Operating	[1]		10,134
Depreciation and amortization	[1]		8,243
Total expenses	[1]		18,377
Other income (expense):
Real estate impairment loss	[1]		(42,000)
Income (loss) before gain or loss on sale of real estate	[1]		(34,951)
(Loss) gain on sale of real estate	[1],[2]		1,140
Loss before income taxes	[1]		(33,811)
Loss from discontinued operations, net	[1]		$ (33,811)
[1]	Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue in the year ended December 31, 2020 and 1899 Pennsylvania Avenue and Liberty Place in the year ended December 31, 2019
[2]	Represents the loss on sale of 1899 Pennsylvania Avenue in 2020 and gain on sale of Liberty Place in 2019.

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Cash Flows from Discontinued Operations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
1899 Pennsylvania Avenue [Member]
Statements of Cash Flows:
Cash provided by operating activities	[1]	$ 5,522
Proceeds from sale of real estate	[1],[2]	89,206
Total cash provided by investing activities	[1]	89,206
Cash used in financing activities	[1]	(96,896)
Additional Cash Flow Information:
Depreciation and amortization	[1]	$ 690
1899 Pennsylvania Avenue and Liberty Place [Member]
Statements of Cash Flows:
Cash provided by operating activities	[1]		$ 15,949
Proceeds from sale of real estate	[1],[2]		150,307
Additions to real estate	[1]		(1,514)
Total cash provided by investing activities	[1]		148,793
Cash used in financing activities	[1]		(162,294)
Additional Cash Flow Information:
Depreciation and amortization	[1]		$ 8,243
[1]	Represents revenues, expenses, net income, and cash flow information of 1899 Pennsylvania Avenue in the year ended December 31, 2020 and 1899 Pennsylvania Avenue and Liberty Place in the year ended December 31, 2019
[2]	Represents the proceeds from the sale of 1899 Pennsylvania Avenue in 2020 and Liberty Place in 2019.

Investments in Unconsolidated_3

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 408,096	$ 412,724
Loss from unconsolidated joint ventures	$ (24,896)	(18,619)	$ (4,706)
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	50.00%
Loss from unconsolidated joint ventures	$ (10,265)	687	1,849
Market Center [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	67.00%
Investments in unconsolidated joint ventures	$ 185,344	192,306
Loss from unconsolidated joint ventures	$ (11,848)	(11,315)	(744)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	44.10%
Investments in unconsolidated joint ventures	$ 88,284	92,298
Loss from unconsolidated joint ventures	$ (2,912)	(2,723)	(826)
111 Sutter Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	49.00%
Investments in unconsolidated joint ventures	$ 35,182	37,818
Loss from unconsolidated joint ventures	$ (2,658)	(3,172)	(4,394)
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	5.00%
Investments in unconsolidated joint ventures	$ 19,230	19,164
Loss from unconsolidated joint ventures	$ 66	(70)	(551)
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	35.00%
Investments in unconsolidated joint ventures	$ 76,428	67,505
Loss from unconsolidated joint ventures	$ 2,678	(2,043)	(118)
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method paramount ownership percentage	9.50%
Investments in unconsolidated joint ventures	$ 3,628	3,633
Loss from unconsolidated joint ventures	$ 43	$ 17	$ 78

Investments in Unconsolidated_4

Investments in Unconsolidated Joint Ventures - Summary of Investments and Income from Investments In Unconsolidated Joint Ventures (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Distributions of earnings from unconsolidated joint ventures	$ 7,278	$ 3,999	$ 4,067
Contribution to the joint venture	11,750	60	368,852
Loss from unconsolidated joint ventures	24,896	18,619	4,706
712 Fifth Avenue [Member]
Schedule Of Equity Method Investments [Line Items]
Distributions made in excess of share of earnings recognized negative basis	14,329	22,345
Distributions of earnings from unconsolidated joint ventures	1,485
Contribution to the joint venture	11,750
Loss from unconsolidated joint ventures	10,265	(687)	(1,849)
Income (Loss) of investment accounted under equity method accounting	(4,498)
Proportionate share of income (loss) of equity method investment not recognized	(2,249)
55 Second Street [Member]
Schedule Of Equity Method Investments [Line Items]
Loss from unconsolidated joint ventures	2,912	2,723	826
Difference between carrying amount of investment and equity	478
60 Wall Street [Member]
Schedule Of Equity Method Investments [Line Items]
Loss from unconsolidated joint ventures	(66)	70	551
Difference between carrying amount of investment and equity	2,617
One Steuart Lane [Member]
Schedule Of Equity Method Investments [Line Items]
Loss from unconsolidated joint ventures	(2,678)	2,043	118
Difference between carrying amount of investment and equity	751
Oder-Center, Germany [Member]
Schedule Of Equity Method Investments [Line Items]
Loss from unconsolidated joint ventures	(43)	$ (17)	$ (78)
Difference between carrying amount of investment and equity	$ 4,658

Investments in Unconsolidated_5

Investments in Unconsolidated Joint Ventures - Summary of Financial Information of Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Total assets		$ 8,494,562	[1]	$ 8,554,097	[1]	$ 8,734,135
Total liabilities	[1]	4,039,530		4,038,363
Equity		3,588,163		3,653,177
Total liabilities and equity		8,494,562		8,554,097
Rental revenue		690,418		679,015		709,508
Other income		7,895		7,152		11,502
Total revenues		726,786		714,237		743,754
Operating		265,438		267,587		264,702
Depreciation and amortization		232,487		235,200		240,104
Total expenses		557,973		568,800		575,361
Interest and other income, net		3,017		4,490		9,844
Interest and debt expense		(142,014)		(144,208)		(156,679)
Net loss before income taxes		5,702		(12,628)		4,520
Income tax expense		(3,643)		(1,493)		(312)
Net loss attributable to common stockholders		(20,354)		(24,704)		(36,899)
Unconsolidated Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Real estate, net		2,246,152		2,674,858
Cash and cash equivalents and restricted cash		216,910		120,149
Intangible assets, net		58,590		110,307
For-sale residential condominium units		359,638
Other assets		46,646		45,761
Total assets		2,927,936		2,951,075
Notes and mortgages payable, net		1,791,404		1,801,084
Intangible liabilities, net		18,397		26,772
Other liabilities		61,097		87,575
Total liabilities		1,870,898		1,915,431
Equity		1,057,038		1,035,644
Total liabilities and equity		2,927,936		2,951,075
Rental revenue		229,420		243,713		164,316
Other income		139,705		2,828		2,108
Total revenues		369,125		246,541		166,424
Operating		220,396		109,114		68,491
Depreciation and amortization		107,079		117,640		68,318
Total expenses		327,475		226,754		136,809
Interest and other income, net		(111)		(36)		663
Interest and debt expense		(63,493)		(58,239)		(51,113)
Net loss before income taxes		(21,954)		(38,488)		(20,835)
Income tax expense		(32)		(47)		(16)
Net loss attributable to common stockholders		$ (21,986)		$ (38,535)		$ (20,851)
[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 91.0% as of December 31, 2021. As of December 31, 2021, the Operating Partnership includes $4,025,856 and $2,576,710 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”) .

Investments in Unconsolidated_6

Investments in Unconsolidated Real Estate Funds - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Investment Holdings [Line Items]
Investments in unconsolidated real estate funds	$ 11,421,000	$ 12,917,000
Income (loss) from unconsolidated real estate funds	782,000	$ 272,000	$ (343,000)
Fund X [Member]
Investment Holdings [Line Items]
Capital commitments	192,000,000
Capital commitments invested	80,221,000
Capital commitments reserved for future funding	$ 32,816,000
Alternative Investment Fund, Interest Rate	7.80%
Fund VIII [Member]
Investment Holdings [Line Items]
Alternative Investment Fund, Interest Rate	1.30%

Intangible Assets and Intangibl

Intangible Assets and Intangible Liabilities - Summary of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible assets:
Gross amount	$ 371,555	$ 436,851
Accumulated amortization	(252,142)	(283,332)
Intangible assets, Net	119,413	153,519
Intangible liabilities:
Gross amount	151,118	163,977
Accumulated amortization	(105,790)	(107,981)
Intangible Liabilities, Net	45,328	55,996
Leases, Acquired-in-Place, Market Adjustment [Member]
Intangible liabilities:
Amortization of above and below-market leases, net (component of "rental revenue")	3,070	4,775	$ 11,097
Leases, Acquired-in-Place [Member]
Intangible liabilities:
Amortization of acquired in-place leases (component of "depreciation and amortization")	$ 26,507	$ 36,628	$ 46,917

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, 2021USD ($)
Finite Lived Intangible Assets [Line Items]
2022	$ (1,344)
2023	(5,080)
2024	(6,020)
2025	(4,674)
2026	(2,801)
Leases, Acquired-in-Place [Member]
Finite Lived Intangible Assets [Line Items]
2022	21,644
2023	17,705
2024	14,248
2025	10,451
2026	$ 7,896

Debt - Additional Information (

Debt - Additional Information (Details) ft² in Millions	Dec. 17, 2021USD ($)	Jul. 29, 2021USD ($)ft²	Dec. 31, 2021USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Repayment of loan		$ 850,000,000	$ 850,000,000	$ 1,050,000,000
1301 Avenue of the Americas [Member]
Debt Instrument [Line Items]
Debt Refinanced		$ 860,000,000
Weighted average interest rate			2.96%
Area of office building | ft²		1.7
Interest-only loan, Term		5 years
Fixed Rate Tranche [Member] | 1301 Avenue of the Americas [Member]
Debt Instrument [Line Items]
Debt Refinanced		$ 500,000,000
Variable Rate Tranche [Member] | 1301 Avenue of the Americas [Member]
Debt Instrument [Line Items]
Debt Refinanced		$ 360,000,000
Revolving Credit Facility [Member] | Credit Facility With Variable Rate [Member]
Debt Instrument [Line Items]
Debt Refinanced	$ 1,000,000,000
Maximum borrowing capacity	$ 750,000,000
Maturity date of debt	2026-03		2026-03
Revolving Credit Facility [Member] | Credit Facility With Variable Rate [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	1.15%		1.15%
Revolving Credit Facility [Member] | Credit Facility With Variable Rate [Member] | Facility Fee Rate [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	0.20%
Revolving Credit Facility [Member] | Credit Facility With Variable Rate [Member] | Interest Rate Reduced If Certain Sustainability Performance Targets Met [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	0.01%

Debt - Summary of Outstanding D

Debt - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands	Dec. 17, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate		3.40%
Notes and mortgages payable		$ 3,858,000	$ 3,819,434
Credit Facility		0	0
Less: unamortized deferred financing costs		(22,380)	(18,695)
Total notes and mortgages payable, net		$ 3,835,620	3,800,739
Credit Facility With Variable Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity date of debt	2026-03	2026-03
Credit Facility With Variable Rate [Member] | Secured Overnight Financing Rate (SOFR) [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate	1.15%	1.15%
1301 Avenue of the Americas [Member]
Debt Instrument [Line Items]
Notes and mortgages payable, Interest Rate		2.96%
Notes and mortgages payable		$ 860,000	850,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2026-08
Notes and mortgages payable, Interest Rate		2.46%
Notes and mortgages payable		$ 500,000	500,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Variable Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2026-08
Notes and mortgages payable, Interest Rate		3.67%
Notes and mortgages payable		$ 360,000	350,000
1301 Avenue of the Americas [Member] | Mortgages and Notes Payable with Variable Rate [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Fixed/Variable Rate		3.56%
1633 Broadway [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2029-12
Notes and mortgages payable, Interest Rate		2.99%
Notes and mortgages payable		$ 1,250,000	1,250,000
One Market Plaza [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2024-02
Notes and mortgages payable, Interest Rate		4.03%
Notes and mortgages payable		$ 975,000	975,000
31 West 52nd Street [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2026-06
Notes and mortgages payable, Interest Rate		3.80%
Notes and mortgages payable		$ 500,000	500,000
300 Mission Street [Member] | Mortgages and Notes Payable with Fixed Rate [Member]
Debt Instrument [Line Items]
Maturity date of debt		2023-10
Notes and mortgages payable, Interest Rate		3.65%
Notes and mortgages payable		$ 273,000	$ 244,434

Debt - Summary of Outstanding_2

Debt - Summary of Outstanding Debt (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
1633 Broadway [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	90.00%	90.00%
One Market Plaza [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	49.00%	49.00%
300 Mission Street [Member]
Debt Instrument [Line Items]
Ownership percentage of Property	31.10%	31.10%
1301 Avenue of the Americas [Member] | London Interbank Offered Rate (LIBOR) [Member] | Mortgages and Notes Payable with Variable Rate [Member]
Debt Instrument [Line Items]
Capped interest rate	2.00%	2.00%

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, 2021USD ($)
Debt Instrument [Line Items]
2023	$ 273,000
2024	975,000
2026	1,360,000
Thereafter	1,250,000
Notes and Mortgages Payable [Member]
Debt Instrument [Line Items]
2023	273,000
2024	975,000
2026	1,360,000
Thereafter	$ 1,250,000

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Jul. 29, 2021	Dec. 31, 2019
1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount	$ 500,000,000
LIBOR rate	0.46%
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	$ 6,857,000
Amount to be recognized in accumulated other comprehensive income (loss) reclassified to interest expense for next twelve months	(3,000)
Designated As Hedging Instrument [Member] | Cash Flow Hedging [Member] | Maximum [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative liability, aggregate notional amount		$ 860,000,000
Designated As Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative liability, aggregate notional amount	500,000,000		$ 1,000,000,000
Designated As Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | London Inter bank Offered Rate Libor Swap Rate [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount		$ 500,000,000
LIBOR rate		0.46%
Designated As Hedging Instrument [Member] | Interest Rate Cap [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative liability, aggregate notional amount	$ 360,000,000
Designated As Hedging Instrument [Member] | Interest Rate Cap [Member] | Cash Flow Hedging [Member] | London Inter bank Offered Rate Libor Swap Rate [Member] | 1301 Avenue of the Americas [Member]
Derivative [Line Items]
Derivative, notional amount		$ 360,000,000
Aggregate notional percentage		2.00%

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Schedule of Interest Rate Swaps (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative [Line Items]
Total interest rate swap assets designated as cash flow hedges (included in "other assets")	$ 6,691
1301 Avenue of the Americas [Member]
Derivative [Line Items]
Notional Amount	$ 500,000
Effective Date	Jul. 31, 2021
Maturity Date	Aug. 31, 2024
LIBOR rate	0.46%
Total interest rate swap assets designated as cash flow hedges (included in "other assets")	$ 6,691

Equity - Additional Information

Equity - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 05, 2019
Class Of Stock [Line Items]
Common stock shares authorized amount				$ 200,000,000
Stock repurchased, price per share		$ 8.69
Stock repurchased, value		$ 120,000,000	$ 94,617,000
Stock repurchase amount available for future repurchase	$ 80,000,000
Common Stock [Member]
Class Of Stock [Line Items]
Stock repurchased	0	13,813,158	7,159,000
Stock repurchased, value		$ 138,000	$ 72,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Amount of income (loss) related to the cash flow hedges recognized in other comprehensive income (loss)	$ 6,069		$ (23,147)
Amount reclassified from accumulated other comprehensive income (loss) increasing (decreasing) interest and debt expense	788		(4,922)
Amount reclassified to loss on early extinguishment of debt			11,258
Amount of income (loss) related to unconsolidated joint ventures recognized in other comprehensive income (loss)	5,562	$ (16,141)	$ 206
Amounts reclassified from accumulated other comprehensive income (loss) increasing loss from unconsolidated joint ventures	$ 4,003	$ 2,247

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Parenthetical) (Details) - Designated As Hedging Instrument [Member] - Cash Flow Hedging [Member] - USD ($)	Dec. 31, 2021	Dec. 31, 2019
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 500,000,000	$ 1,000,000,000
Interest Rate Swap [Member] | Unconsolidated Joint Ventures [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	402,000,000
Interest Rate Cap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount	$ 360,000,000
Forward Interest Rate Swap [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Derivative liability, aggregate notional amount		$ 400,000,000

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Consolidated joint ventures	$ 428,833	$ 437,161
Noncontrolling interests in consolidated real estate fund aggregated	81,925	79,017
Operating partnerships	356,111	346,379
Redemption value	$ 181,315	$ 187,640
Common units conversion basis	one-for-one

Variable Interest Entities ("_3

Variable Interest Entities ("VIEs") - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021
Variable Interest Entities [Member] | Paramount Group Operating Partnership [Member]
Variable Interest Entity [Line Items]
Percentage of ownership in operating partnership	91.00%

Variable Interest Entities ("_4

Variable Interest Entities ("VIEs") - Summary of Assets and Liabilities of Consolidated Variable Interest Entities (Details) - USD ($) $ in Thousands		Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Real estate, net		$ 6,915,084		$ 6,996,618
Cash and cash equivalents and restricted cash		529,666		465,324		$ 331,487	$ 365,409
Deferred rent receivable		332,735		330,239
Deferred charges, net		122,177		116,278
Intangible assets, net		119,413		153,519
Other assets		40,388		48,976
Total assets		8,494,562	[1]	8,554,097	[1]	$ 8,734,135
Notes and mortgages payable, net		3,835,620		3,800,739
Accounts payable and accrued expenses		116,192		101,901
Intangible liabilities, net		45,328		55,996
Other liabilities		25,495		62,931
Total liabilities	[1]	4,039,530		4,038,363
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Real estate, net		3,415,735		3,470,766
Cash and cash equivalents and restricted cash		198,154		134,647
Investments in unconsolidated joint ventures		76,428		67,505
Accounts and other receivables		6,801		6,871
Deferred rent receivable		197,794		192,401
Deferred charges, net		53,013		55,156
Intangible assets, net		62,380		76,545
Other assets		15,551		21,496
Total assets		4,025,856		4,025,387
Notes and mortgages payable, net		2,487,871		2,457,272
Accounts payable and accrued expenses		54,738		51,590
Intangible liabilities, net		27,674		33,566
Other liabilities		6,427		4,486
Total liabilities		$ 2,576,710		$ 2,546,914
[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 91.0% as of December 31, 2021. As of December 31, 2021, the Operating Partnership includes $4,025,856 and $2,576,710 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 Maximum Risk of Loss from Investments (Details) - Unconsolidated Real Estate Funds [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Carrying Value of Investments [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 11,421	$ 12,917
Asset Management Fees and Other Receivables [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	9	561
Maximum Risk of Loss [Member]
Variable Interest Entity [Line Items]
Investments in unconsolidated real estate funds	$ 11,430	$ 13,478

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Assets Measured at Fair Value (Details) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities (included in "other assets")	[1]		$ 17,178
Total assets		$ 6,997	17,178
Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")		6,691
Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")		306
Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Marketable securities (included in "other assets")	[1]		17,178
Total assets			$ 17,178
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets		6,997
Level 2 [Member] | Interest Rate Swap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")		6,691
Level 2 [Member] | Interest Rate Cap [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swap assets (included in "other assets")		$ 306
[1]	Represents the assets in our deferred compensation plan. In December 2021, the deferred compensation plan was terminated and the net proceeds were distributed to the plan participants.

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Amounts and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Carrying Amount [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	$ 3,858,000	$ 3,819,434
Total liabilities	3,858,000	3,819,434
Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Notes and mortgages payable	3,893,252	3,871,644
Total liabilities	$ 3,893,252	$ 3,871,644

Leases - Schedule of Rental Rev

Leases - Schedule of Rental Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Abstract]
Fixed rental revenues	$ 635,513	$ 627,352	$ 647,345
Variable rental revenues	54,905	51,663	62,163
Total rental revenue	$ 690,418	$ 679,015	$ 709,508

Leases - Schedule of Rental R_2

Leases - Schedule of Rental Revenues (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Non-cash write-offs, primarily for straight-line rent receivables	$ 33,205
Uncollectible accounts receivable	2,051
Variable rental revenues	54,905	$ 51,663	$ 62,163
Tenant Lease Termination [Member]
Disaggregation Of Revenue [Line Items]
Variable rental revenues	$ 5,051

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Flows Under Non-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 635,304
2023	625,493
2024	612,419
2025	557,699
2026	462,128
Thereafter	2,294,340
Total	$ 5,187,383

Fee and Other Income - Summary

Fee and Other Income - Summary of Fee and Other Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fee income:
Total fee income	$ 28,473	$ 28,070	$ 22,744
Other income	7,895	7,152	11,502
Total fee and other income	36,368	35,222	34,246
Asset Management Fees [Member]
Fee income:
Total fee income	13,284	14,266	10,442
Property Management Fees [Member]
Fee income:
Total fee income	8,589	9,242	6,852
Acquisition Disposition Leasing And Other [Member]
Fee income:
Total fee income	$ 6,600	$ 4,562	$ 5,450

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, 2021USD ($)
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2020	$ 17,502
Balance as of December 31, 2021	15,582
Revenue from Contract with Customers Under Various Fee Agreements [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2020	5,179
Balance as of December 31, 2021	3,206
(Decrease) increase	(1,973)
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Asset Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2020	1,949
Balance as of December 31, 2021	2,072
(Decrease) increase	123
Revenue from Contract with Customers Under Various Fee Agreements [Member] | Property Management Fees [Member]
Disaggregation Of Revenue [Line Items]
Balance as of December 31, 2020	793
Balance as of December 31, 2021	686
(Decrease) increase	(107)
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, 2020	2,437
Balance as of December 31, 2021	448
(Decrease) increase	$ (1,989)

Interest and Other Income, ne_2

Interest and Other Income, net - Schedule of Interest and Other Income, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest And Other Income [Abstract]
Interest income, net	$ 1,183	$ 2,054	$ 5,484
Mark-to-market of investments in our deferred compensation plans	1,834	2,436	3,906
Preferred equity investment income			454
Total interest and other income, net	$ 3,017	$ 4,490	$ 9,844

Interest and Debt Expense - Det

Interest and Debt Expense - Details of Interest and Debt Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest And Debt Expense [Abstract]
Interest expense	$ 132,887	$ 134,931	$ 137,356
Amortization of deferred financing costs	9,127	9,277	19,323
Total interest and debt expense	$ 142,014	$ 144,208	$ 156,679

Interest and Debt Expense - D_2

Interest and Debt Expense - Details of Interest and Debt Expense (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest And Debt Expense [Line Items]
Proceeds from notes and mortgages payable	$ 888,566	$ 9,791	$ 1,259,843
1633 Broadway [Member]
Interest And Debt Expense [Line Items]
Expense from non-cash write-off of deferred financing costs			8,215
Proceeds from notes and mortgages payable			$ 1,250,000
1301 Avenue of the Americas [Member]
Interest And Debt Expense [Line Items]
Expense from non-cash write-off of deferred financing costs	761
Proceeds from notes and mortgages payable	$ 860

Incentive Compensation - Additi

Incentive Compensation - Additional Information (Details) - USD ($)	Jan. 11, 2021	Feb. 05, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 30, 2014
Performance Programs [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Fair value of awards granted			$ 7,303,000	$ 7,488,000	$ 8,106,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 1 month 6 days
Performance measurement period, term			3 years
Unrecognized compensation cost			$ 8,733,000
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Fair value of awards granted			$ 1,584,000	$ 1,209,000	$ 1,238,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 4 months 24 days
Unrecognized compensation cost			$ 1,956,000
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options, granted			0	0	0
Stock Options Expiration Period			10 years
Employee Stock Option [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
Employee Stock Option [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Equity Incentive Plan [Member] | Full Value Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant			7,426,576
Equity Incentive Plan [Member] | Full Value Awards [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant						20,892,857
Equity Incentive Plan [Member] | Not Full Value Awards [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant						41,785,714
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted			$ 8,665,000	$ 10,940,000	$ 13,091,000
Unrecognized compensation cost			$ 12,675,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			2 years 7 months 6 days
Long Term Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
Long Term Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
Appreciation Only Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Fair value of awards granted			$ 4,344,000
Unrecognized compensation cost			$ 2,239,000
Unrecognized compensation cost expected to be recognized over a weighted-average period			3 years 1 month 6 days
Stock options, granted			2,171,875
Appreciation Only Long Term Incentive Plan | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			4 years
Appreciation Only Long Term Incentive Plan | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
2017 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost expected to be recognized over a weighted-average period			4 years
Fair value granted		$ 7,009,000
2020 Performance Program [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Fair value of awards granted	$ 7,303,000
Performance measurement period, term	3 years
Performance measurement period, start date	Jan. 1, 2021
Performance measurement period, end date	Dec. 31, 2023
Reduction in percentage on number of LTIP units earned if negative TSR	30.00%
2020 Performance Program [Member] | Share-Based Compensation Award Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of earned units	50.00%
Percentage of the awards that vest	50.00%
2020 Performance Program [Member] | Share-Based Compensation Award Tranche Two [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of earned units	50.00%
Percentage of the awards that vest	50.00%

Incentive Compensation - Summar

Incentive Compensation - Summary of Components of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 18,612	$ 19,239	$ 22,860
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		60	1,295
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	1,150	1,217	1,228
AOLTIP Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	1,885
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	8,554	10,463	11,860
Long Term Incentive Plan [Member] | Performance-Based Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 7,023	$ 7,499	$ 8,477

Incentive Compensation - Summ_2

Incentive Compensation - Summary of LTIP Unit Activity (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Performance Based Award Programs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2020 | shares	3,780,792
Units, Granted | shares	1,687,202
Units, Cancelled or expired | shares	(1,368,107)
Units, Unvested as of December 31, 2021 | shares	4,099,887
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2020 | $ / shares	$ 5.93
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	4.33
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	5.05
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 5.57
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2020 | shares	1,724,809
Units, Granted | shares	1,056,395
Units, Vested | shares	(726,332)
Units, Cancelled or expired | shares	(14,136)
Units, Unvested as of December 31, 2021 | shares	2,040,736
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2020 | $ / shares	$ 12.36
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	8.20
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	11.82
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	11.98
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 10.40

Incentive Compensation - Summ_3

Incentive Compensation - Summary of Fair Value of AOLTIP Unit Estimated Using Option-Pricing Model (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected volatility	34.00%
Expected life	4 years 9 months 18 days
Risk free interest rate	0.60%
Expected dividend yield	3.00%

Incentive Compensation - Summ_4

Incentive Compensation - Summary of AOLTIP Unit Activity (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2020	$ 17.06
Weighted-Average Exercise Price (per unit/share), Cancelled or expired	17.50
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2021	17.06
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2021	17.06
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2021	$ 17.06
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2021	3 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2021	3 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2021	3 years 8 months 12 days
Appreciation Only Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Granted | shares	2,171,875
Shares, Outstanding at December 31, 2021 | shares	2,171,875
Shares, Options vested and expected to vest at December 31, 2021 | shares	2,061,845
Shares, Options exercisable at December 31, 2021 | shares	600,000
Weighted-Average Exercise Price (per unit/share), Granted	$ 8.63
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2021	8.63
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2021	8.63
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2021	$ 8.63
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2021	6 years 1 month 6 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2021	6 years 1 month 6 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2021	6 years 1 month 6 days

Incentive Compensation - Summ_5

Incentive Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Units, Unvested as of December 31, 2020 | shares	168,708
Units, Granted | shares	180,861
Units, Vested | shares	(80,562)
Units, Cancelled or expired | shares	(38,461)
Units, Unvested as of December 31, 2021 | shares	230,546
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2020 | $ / shares	$ 13.44
Weighted-Average Grant-Date Fair Value (per unit/share), Granted | $ / shares	8.76
Weighted-Average Grant-Date Fair Value (per unit/share), Vested | $ / shares	12.76
Weighted-Average Grant-Date Fair Value (per unit/share), Cancelled or expired | $ / shares	10.84
Weighted-Average Grant-Date Fair Value (per unit/share), Unvested as of December 31, 2021 | $ / shares	$ 10.44

Incentive Compensation - Summ_6

Incentive Compensation - Summary of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2020	$ 17.06
Weighted-Average Exercise Price (per unit/share), Cancelled or expired	17.50
Weighted-Average Exercise Price (per unit/share), Outstanding at December 31, 2021	17.06	$ 17.06
Weighted-Average Exercise Price (per unit/share), Options vested and expected to vest at December 31, 2021	17.06
Weighted-Average Exercise Price (per unit/share), Options exercisable at December 31, 2021	$ 17.06
Weighted-Average Remaining Contractual Term (in years), Outstanding at December 31, 2021	3 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options vested and expected to vest at December 31, 2021	3 years 8 months 12 days
Weighted-Average Remaining Contractual Term (in years), Options exercisable at December 31, 2021	3 years 8 months 12 days
Employee Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Outstanding as of December 31, 2020	2,032,493
Shares, Granted	0	0	0
Shares, Cancelled or expired	(21,500)
Shares, Outstanding at December 31, 2021	2,010,993	2,032,493
Shares, Options vested and expected to vest at December 31, 2021	2,010,993
Shares, Options exercisable at December 31, 2021	2,010,993

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net loss from continuing operations attributable to common stockholders	$ (20,354)	$ (20,063)	$ (6,418)
Earnings allocated to unvested participating securities	(70)	(44)	(27)
Numerator for net loss from continuing operations per common share - basic and diluted	(20,424)	(20,107)	(6,445)
Net loss from discontinued operations attributable to common stockholders		(4,641)	(30,481)
Earnings allocated to unvested participating securities		(22)	(44)
Numerator for net loss from discontinued operations per common share - basic and diluted		(4,663)	(30,525)
Numerator for net loss per common share - basic and diluted	$ (20,424)	$ (24,770)	$ (36,970)
Denominator:
Weighted average common shares outstanding	218,701,249	222,436,170	231,538,065
Denominator for diluted loss per common share - weighted average shares	218,701,249	222,436,170	231,538,065
Loss per Common Share - Basic and Diluted:
Continuing operations, net	$ (0.09)	$ (0.09)	$ (0.03)
Discontinued operations, net		(0.02)	(0.13)
Net loss per common share - basic and diluted	$ (0.09)	$ (0.11)	$ (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, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Effect of dilutive securities excluded from computation of earning per share	23,775	23,540	27,191

Related Parties - Additional In

Related Parties - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Fee and other income	$ 36,368,000	$ 35,222,000	$ 34,246,000
Accounts and other receivables, net	15,582,000	17,502,000
Property management, asset management, leasing and other related services fee income	28,473,000	28,070,000	22,744,000
Transaction related costs	916,000	1,096,000	1,999,000
Accounts payable and accrued expenses	$ 116,192,000	101,901,000
712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50.00%
CNBB-RDF Holdings Otto Family [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Fee and other income	$ 1,726,000	1,227,000	842,000
Accounts and other receivables, net	484,000	34,000
Unconsolidated Joint Ventures and Real Estate Funds [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Accounts and other receivables, net	2,883,000	5,011,000
Property management, asset management, leasing and other related services fee income	$ 23,240,000	22,986,000	17,466,000
Hamburg Trust Consulting GMBH ("HTC") [Member]
Related Party Transaction [Line Items]
Mark-up cost percentage	10.00%
Transaction related costs	$ 645,000	512,000	796,000
Accounts payable and accrued expenses	$ 523,000	123,000
Hamburg Trust Consulting GMBH ("HTC") [Member] | Chairman, Chief Executive Officer and President [Member]
Related Party Transaction [Line Items]
Percentage of ownership	100.00%
Mannheim Trust [Member] | Board of Director [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50.00%
Lease rental income	$ 362,000	362,000	$ 360,000
Kramer Design Services [Member]
Related Party Transaction [Line Items]
Accounts payable and accrued expenses	0	0
Development expenses	$ 10,000	187,000
Kramer Design Services [Member] | 712 Fifth Avenue [Member]
Related Party Transaction [Line Items]
Equity method paramount ownership percentage	50.00%
Expense recognized		$ 29,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021ft²	Feb. 16, 2018USD ($)	Nov. 23, 2014ft²
Other Commitments [Line Items]
Area of office and retail properties | ft²	13,900,000
Minimum [Member] | New York State Division Of Taxation And Finance [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss | $		$ 0
Maximum [Member] | New York State Division Of Taxation And Finance [Member]
Other Commitments [Line Items]
Loss Contingency, Estimate of Possible Loss | $		$ 52,100,000
718 Fifth Avenue [Member]
Other Commitments [Line Items]
Percentage of tenancy-in-common interest in property			50.00%
Put right notice period	12 months
712 Fifth Avenue [Member]
Other Commitments [Line Items]
Percentage of ownership interest in new joint venture	50.00%
Owned by Affiliate [Member] | 718 Fifth Avenue [Member] | Third Party Affiliate [Member]
Other Commitments [Line Items]
Percentage of ownership interest in new joint venture			25.00%
Owned by Affiliate [Member] | Parent Company [Member] | Put Right Exercised [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Pre IPO ownership percentage	25.00%
Owned by Affiliate [Member] | Retail Type Space [Member] | 718 Fifth Avenue [Member]
Other Commitments [Line Items]
Area of office and retail properties | ft²			19,050

Segments - Additional Informati

Segments - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021Segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segments - Schedule of NOI for

Segments - Schedule of NOI for Each Reportable Segment Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020		Dec. 31, 2019
Segment Reporting Information [Line Items]
Property-related revenues		$ 698,313	$ 700,410		$ 746,436
Property-related operating expenses		(265,438)	(273,440)		(274,836)
NOI from unconsolidated joint ventures		43,597	48,631		22,409
NOI	[1]	476,472	475,601		494,009
New York [Member]
Segment Reporting Information [Line Items]
Property-related revenues		443,384	454,071		482,648
Property-related operating expenses		(191,793)	(194,648)		(191,211)
NOI from unconsolidated joint ventures		11,303	11,540		13,151
NOI	[1]	262,894	270,963		304,588
San Francisco [Member]
Segment Reporting Information [Line Items]
Property-related revenues		258,188	234,893		238,808
Property-related operating expenses		(69,976)	(68,924)		(69,815)
NOI from unconsolidated joint ventures		32,221	38,892		9,065
NOI	[1]	220,433	204,861		178,058
Other [Member]
Segment Reporting Information [Line Items]
Property-related revenues		(3,259)	11,446	[2]	24,980	[2]
Property-related operating expenses		(3,669)	(9,868)	[2]	(13,810)	[2]
NOI from unconsolidated joint ventures		73	(1,801)	[2]	193	[2]
NOI	[1]	$ (6,855)	$ (223)	[2]	$ 11,363	[2]
[1]	NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.
[2]	NOI for the years ended December 31, 2020 and 2019 includes NOI from discontinued operations. See Note 3, Discontinued Operations.

Segments - Schedule of Reconcil

Segments - Schedule of Reconciliation of NOI to Net Loss Income Attributable to Common Stockholders (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting [Abstract]
NOI	[1]	$ 476,472	$ 475,601	$ 494,009
Fee income		28,473	28,070	22,744
Depreciation and amortization expense		(232,487)	(235,200)	(240,104)
General and administrative expenses		(59,132)	(64,917)	(68,556)
NOI from unconsolidated joint ventures (excluding One Steuart Lane)		(43,597)	(48,631)	(22,409)
Loss from unconsolidated joint ventures		(24,896)	(18,619)	(4,706)
Interest and other income, net		3,017	4,490	9,844
Interest and debt expense		(142,014)	(144,208)	(156,679)
Loss on early extinguishment of debt				(11,989)
Adjustments related to discontinued operations (including impairments and gain or loss on sale of real estate)			(8,390)	(15,292)
Other, net		(134)	(824)	(2,342)
Income (loss) from continuing operations, before income taxes		5,702	(12,628)	4,520
Income tax expense		(3,643)	(1,493)	(312)
Income (loss) from continuing operations, net		2,059	(14,121)	4,208
Loss from discontinued operations, net			(5,075)	(33,811)
Net income (loss)		2,059	(19,196)	(29,603)
Consolidated joint ventures		(21,538)	(9,257)	(11,022)
Consolidated real estate fund		(2,893)	1,450	(313)
Operating Partnership		2,018	2,299	4,039
Net loss attributable to common stockholders		$ (20,354)	$ (24,704)	$ (36,899)
[1]	NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.

Segments - Schedule of Total As

Segments - Schedule of Total Assets for Each Reportable Segments Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021		Dec. 31, 2020		Dec. 31, 2019
Segment Reporting Information [Line Items]
Total assets	$ 8,494,562	[1]	$ 8,554,097	[1]	$ 8,734,135
New York [Member]
Segment Reporting Information [Line Items]
Total assets	5,336,210		5,388,596		5,439,929
San Francisco [Member]
Segment Reporting Information [Line Items]
Total assets	2,696,131		2,698,983		2,708,463
Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 462,221		$ 466,518		$ 585,743
[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 91.0% as of December 31, 2021. As of December 31, 2021, the Operating Partnership includes $4,025,856 and $2,576,710 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 12, Variable Interest Entities (“VIEs”) .

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,858,000
Initial cost to company, Land	1,966,237
Initial cost to company, Building and Improvements	5,430,368
Costs capitalized subsequent to acquisition, Building and Improvements	631,456
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	6,061,824
Gross amount at which carried at close of period, Total	8,028,061	$ 7,963,315	$ 7,889,885
Accumulated depreciation and amortization	(1,112,977)	(966,697)	(790,216)
Costs capitalized subsequent to acquisition, Building and Improvements, other	21,638
Gross amount at which carried at close of period, Buildings and Improvements, other	21,638
Gross amount at which carried at close of period, other	21,638
Accumulated depreciation and amortization, other	$ (5,857)
Date acquired, other	Nov. 24, 2014
Real Estate:
Beginning balance	$ 7,963,315	7,889,885	7,793,784
Buildings and improvements	111,340	82,571	104,408
Assets sold and written-off	(46,594)	(9,141)	(8,307)
Ending balance	8,028,061	7,963,315	7,889,885
Accumulated Depreciation:
Beginning balance	966,697	790,216	617,974
Additions charged to expense	192,874	185,622	180,549
Accumulated depreciation related to assets sold and written-off	(46,594)	(9,141)	(8,307)
Ending balance	$ 1,112,977	$ 966,697	$ 790,216
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	162,478
Gross amount at which carried at close of period, Land	502,846
Gross amount at which carried at close of period, Buildings and Improvements	1,560,819
Gross amount at which carried at close of period, Total	2,063,665
Accumulated depreciation and amortization	$ (303,580)
Date of construction	Dec. 31, 1971
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 2,063,665
Accumulated Depreciation:
Ending balance	$ 303,580
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	115,915
Gross amount at which carried at close of period, Land	406,039
Gross amount at which carried at close of period, Buildings and Improvements	1,167,612
Gross amount at which carried at close of period, Total	1,573,651
Accumulated depreciation and amortization	$ (222,644)
Date of construction	Dec. 31, 1963
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,573,651
Accumulated Depreciation:
Ending balance	$ 222,644
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	74,983
Gross amount at which carried at close of period, Land	221,318
Gross amount at which carried at close of period, Buildings and Improvements	679,977
Gross amount at which carried at close of period, Total	901,295
Accumulated depreciation and amortization	$ (122,721)
Date of construction	Dec. 31, 1987
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 901,295
Accumulated Depreciation:
Ending balance	$ 122,721
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	63,534
Gross amount at which carried at close of period, Land	174,688
Gross amount at which carried at close of period, Buildings and Improvements	434,087
Gross amount at which carried at close of period, Total	608,775
Accumulated depreciation and amortization	$ (82,821)
Date of construction	Dec. 31, 1989
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 608,775
Accumulated Depreciation:
Ending balance	$ 82,821
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	24,404
Gross amount at which carried at close of period, Land	103,741
Gross amount at which carried at close of period, Buildings and Improvements	320,435
Gross amount at which carried at close of period, Total	424,176
Accumulated depreciation and amortization	$ (60,642)
Date of construction	Dec. 31, 1983
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 424,176
Accumulated Depreciation:
Ending balance	$ 60,642
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	441,314
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	4,162,930
Gross amount at which carried at close of period, Total	5,571,562
Accumulated depreciation and amortization	(792,408)
Real Estate:
Ending balance	5,571,562
Accumulated Depreciation:
Ending balance	792,408
One Market Plaza [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	975,000
Initial cost to company, Land	288,743
Initial cost to company, Building and Improvements	988,014
Costs capitalized subsequent to acquisition, Building and Improvements	94,621
Gross amount at which carried at close of period, Land	288,743
Gross amount at which carried at close of period, Buildings and Improvements	1,082,635
Gross amount at which carried at close of period, Total	1,371,378
Accumulated depreciation and amortization	$ (208,368)
Date of construction	Dec. 31, 1976
Date acquired	Nov. 30, 2014
Real Estate:
Ending balance	$ 1,371,378
Accumulated Depreciation:
Ending balance	$ 208,368
One Market Plaza [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Market Plaza [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
300 Mission Street [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 273,000
Initial cost to company, Land	141,097
Initial cost to company, Building and Improvements	343,819
Costs capitalized subsequent to acquisition, Building and Improvements	52,845
Gross amount at which carried at close of period, Land	141,097
Gross amount at which carried at close of period, Buildings and Improvements	396,664
Gross amount at which carried at close of period, Total	537,761
Accumulated depreciation and amortization	$ (56,473)
Date of construction	Dec. 31, 1968
Date acquired	Jul. 31, 2017
Real Estate:
Ending balance	$ 537,761
Accumulated Depreciation:
Ending balance	$ 56,473
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	21,038
Gross amount at which carried at close of period, Land	127,765
Gross amount at which carried at close of period, Buildings and Improvements	397,957
Gross amount at which carried at close of period, Total	525,722
Accumulated depreciation and amortization	$ (49,871)
Date of construction	Dec. 31, 1979
Date acquired	Dec. 31, 2016
Real Estate:
Ending balance	$ 525,722
Accumulated Depreciation:
Ending balance	$ 49,871
One Front Street [Member] | Minimum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	5 years
One Front Street [Member] | Maximum [Member]
Real Estate And Accumulated Depreciation [Line Items]
Life on which depreciation in latest income statement is computed	40 years
San Francisco [Member]
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,248,000
Initial cost to company, Land	557,605
Initial cost to company, Building and Improvements	1,708,752
Costs capitalized subsequent to acquisition, Building and Improvements	168,504
Gross amount at which carried at close of period, Land	557,605
Gross amount at which carried at close of period, Buildings and Improvements	1,877,256
Gross amount at which carried at close of period, Total	2,434,861
Accumulated depreciation and amortization	(314,712)
Real Estate:
Ending balance	2,434,861
Accumulated Depreciation:
Ending balance	$ 314,712

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Billions	Dec. 31, 2021USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Assets and liabilities for tax purposes	$ 2.4