v3.24.3
Segments - Schedule of NOI for Each Reportable Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Property-related revenues $ 188,123 $ 184,608 $ 553,856 $ 536,211
Property-related operating expenses (80,316) (75,502) (226,248) (216,889)
NOI attributable to noncontrolling interests in consolidated joint ventures (23,723) (22,275) (70,532) (67,551)
NOI from unconsolidated joint ventures [1] 5,384 5,240 16,611 16,048
Paramount's share of NOI [2] 89,468 92,071 273,687 267,819
New York [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues 116,383 118,749 347,669 342,812
Property-related operating expenses (55,612) (52,470) (156,992) (150,676)
NOI attributable to noncontrolling interests in consolidated joint ventures (2,424) (3,049) (7,600) (8,415)
NOI from unconsolidated joint ventures [1] 3,407 3,376 10,442 10,143
Paramount's share of NOI [2] 61,754 66,606 193,519 193,864
San Francisco [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues 71,523 66,252 206,337 194,564
Property-related operating expenses (23,498) (22,447) (66,391) (64,529)
NOI attributable to noncontrolling interests in consolidated joint ventures (21,299) (19,226) (62,932) (59,136)
NOI from unconsolidated joint ventures [1] 2,018 1,865 6,128 5,847
Paramount's share of NOI [2] 28,744 26,444 83,142 76,746
Other [Member]        
Segment Reporting Information [Line Items]        
Property-related revenues 217 (393) (150) (1,165)
Property-related operating expenses (1,206) (585) (2,865) (1,684)
NOI attributable to noncontrolling interests in consolidated joint ventures 0 0 0 0
NOI from unconsolidated joint ventures [1] (41) (1) 41 58
Paramount's share of NOI [2] $ (1,030) $ (979) $ (2,974) $ (2,791)
[1] Excludes NOI from One Steuart Lane, a for-sale residential condominium project, and “non-core” assets (Market Center and 111 Sutter Street).
[2] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which include property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.