VP Retail Leasing
VP Retail Leasing
Posted on :
07-04-2025
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
07-04-2025
Job Description
COMPANY SUMMARY
Empire State Realty Trust Inc. (NYSE: ESRT) is a NYCfocused REIT that owns and operates a portfolio of wellleased top of tier modernized amenitized and welllocated office retail and multifamily assets. ESRTs flagship Empire State Building the Worlds Most Famous Building features its iconic Observatory that was declared the #1 Attraction in the World and the #1 Attraction in the U.S. for the third consecutive year in Tripadvisors 2024 Travelers Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of December 31 2024 ESRTs portfolio is comprised of approximately 7.8 million rentable square feet of office space 0.8 million rentable square feet of retail space and 732 residential units.More information about Empire State Realty Trust can be found at esrtreit and by following ESRT on Facebook Instagram TikTok X and LinkedIn.
POSITION SUMMARY
Work with the SVP Leasing to manage leasing in ESRTs retail portfolio. Assist with development and of retail leasing strategy to optimize long term portfolio performance and achieve/sustain 100 occupancy. Represent the ESRT brand and develop authentic trusting relationships through proactive broker retailer and existing tenant outreach. Negotiate lease transactions from inception through closure. Work with PR/Marketing team to develop marketing and brand concepts.
RESPONSIBILITIES
- Assist SVP Leasing to lease the entire ESRT retail portfolio including base of office properties standalone retail and excluded assets
- Develop leasing strategies to maximize value through utilization of market trends cotenancies gap analyses demographics sales comps etc. and ensure and compliance of same
- Assist in acquisition due diligence
- Proactive broker and tenant outreach (e.g. canvass events meetings and tours): Enhance and expand existing ESRT tenant and retail brokers relationships and meet with every retail tenant in ESRT portfolio on a quarterly basis
- Conduct space tours: Effectively articulate the features and benefits of the properties to prospective tenants existing tenants and brokerage firms through presentations meetings and tours of properties
- Negotiate office lease transactions from proposal through lease coordinate with legal team
- Assist SVP Leasing to manage outside agents on ESRT properties
- Coordinate with Design Team Project Management and Property Management: Space preparation building improvements scope of work timeline tenant alternates scope of services furniture/IT services coordinate High Performance specifications with retail tenants complete routine inspections of all marketable spaces to ensure in marketable condition
- Coordinate with and lead Marketing Department on of marketing plans: Space/neighborhood campaigns marketing centers renderings PR campaigns tour books and events
- Ensure that all information for listings and vacant space is accurate and conveyed to the market in a timely manner
- Keeping track of Costar ESRT website listing HTMLs to ensure all are correct and up todate
- Maintain retail market knowledge which includes tenants in the market recently completed transactions competitive set availability report retail trends
- Portfolio wide input on transactions budgeting/pricing leasing strategies tour scripts Salesforce and best practices
- Assist in the preparation and presentation of reports that are delivered to executive officers
- Become proficient in Sales Force
WHAT SUCCESS LOOKS LIKE
- You utilize your broker relationships to keep ESRTs retail portfolio 100 leased.
- You are organized personable consistent and communicative.
- You drive ESRTs brand and commitment to service and to our tenants.
- You support SVP Leasing on all retail leasing matters.
REQUIRED SKILLS / ABILITIES
- Organized with ability to prioritize and adept
- Detail oriented
- Strong communication skills
- Ability to interact with colleagues contractors tenants or vendors in an articulate courteous and professional manner at all times
EDUCATION & EXPERIENCE
- Bachelors degree required; MBA preferred
- Five years prior retail leasing experience
- Existing relationships in broker community preferred
PHYSICAL REQUIREMENTS
- Prolonged periods of sitting at a desk and working on a computer
- Must be able to lift up to 15 pounds at times
WHAT YOU CAN EXPECT
- At ESRT like our tenants our employees come from everywhere. We foster a collaborative work environment that captures top talent and cultivates the best ideas. As a Great Place to Work Certified employer we are committed to maintaining our positive work culture where employees are engaged and can grow and develop. In addition ESRT employees embody our Company Culture & Success Factors
- Adaptable you are a selfstarter whos able to quickly digest and execute new processes to work both collaboratively and independently
- Dynamic you are solutionsoriented aim to improve processes and implement efficiency and offer insightful feedback to improve ESRT
- Dependable you take a strong sense of ownership and accountability over your work
- Passionate you keep up with industry trends and are excited about the potential to propel the industry forward with a rollupyoursleeves attitude
- Curious you consistently look for new ways to work smarter not just harder
- Ethical you treat others with respect act with integrity in how you perform your work and embrace our collaborative culture
- Positive you possess a serviceoriented attitude with excellent follow through
BENEFITS
- Competitive base salary and bonus
- Health/Dental/Vision insurance
- Company sponsored Life AD&D STD (with Salary Continuation) and LTD Insurance
- Voluntary Enhanced LTD Program
- Voluntary Hospital Accident and Cancer Programs
- 401(k) with 100 match up to 5
- Paid parental leave
- Pretax transit accounts
- Employee Assistance Program for emotional financial and legal support
WELLBEING
- Generous paid time off
- Flex Summer Fridays
- Employee engagement programs
- Volunteer time off
- Continuing education
- Complimentary Empire State Building Observatory access
- Complimentary gym membership and other wellness benefits
- Employee Discount Programs
$200000 $250000 a year
Salary is based on several factors including but not limited to education work experience job location size of property where applicable and/or certifications. In addition to your base salary ESRT provides discretionary annual bonuses.
ESRT is an equal opportunity employer and is committed to providing a workplace free from harassment and discrimination. We celebrate the unique differences of our employees because they drive curiosity innovation and the success of our business. We do not discriminate based on race religion color creed national origin sex sexual orientation gender identity or expression reproductive choices age marital status veteran status disability status pregnancy parental status caregiver status genetic information political affiliation or any other status protected by the laws or regulations in the locations where we operate. This policy applies to all aspects of employment including hiring promotion demotion compensation training working conditions transfer job assignments benefits layoff and termination. Reasonable accommodations that do not create an undue hardship for the Company are available for applicants and employees with disabilities or sincerely held religious beliefs.
Required Experience:
Exec
Employment Type
Full-Time
Key Skills
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