Empire State Realty Signs New Retail Leases with HOKA and Tecovas for 8,322 Sq Ft
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
0mins
Empire State Realty "announced that it signed two new retail leases with HOKA and Tecovas for a total of 8,322 square feet to join ESRT's North Sixth Street Collection in Williamsburg, Brooklyn. HOKA, a sportswear company that specializes in running shoes, signed a new lease for a 4,148 square foot retail store at 91 N. Sixth Street. Davie Berke of CBRE represented HOKA in the lease negotiations. Western-wear brand Tecovas signed a new lease for a 4,174 square foot space at 89 N. Sixth Street. Matthew Seigel and Skye Taylor of Lantern represented Tecovas in the lease negotiations."
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Analyst Views on ESRT
Wall Street analysts forecast ESRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESRT is 9.46 USD with a low forecast of 8.30 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 6.520
Low
8.30
Averages
9.46
High
11.00
Current: 6.520
Low
8.30
Averages
9.46
High
11.00
About ESRT
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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