38 West 39th Street

New York, NY 10018

212-581-3003

24/7 Customer Support

Mon - Fri: 24/7

Always open online

Grand Central Station Office Space

60 E 42nd St NY NY Grand Central Class A Office space for lease 2500-3500 sf

  • Low price
60 E 42nd St, New York, NY 10165, USA

60 E 42nd St  NY NY Grand Central Class A Office space for lease 2500-3500 sf   Long term Sublease […]

  • 2500 - 3500 Sq Ft
  • Low price
  • Office Space
Details

Grand Central

4 months ago
  • Upon request
Vanderbilt Ave. Grand Central, NY, 42nd St, Class A Office space for lease

Vanderbilt Ave. Grand Central, NY, 42nd St, Class A Office space for lease

  • Upon request
Grand Central Terminal, 89 E 42nd St, New York, NY 10017, USA

  2,500 – 5,000 sf,    Hi floor, Vacant, Office space, Move in condition, high end suite featuring reception, glass […]

  • 2500
  • Upon request
  • Office Space
Details

Grand Central

5 months ago

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • Upon request
405 Lexington Ave, New York, NY 10174, USA

405 Lexington Ave Chrysler Building Class A Office for sublease/lease, Grand Central  Station   High floors – 3,200 – 7,500 […]

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space
Details

Grand Central, Midtown Manhattan

5 months ago

3rd Ave, 40s Class A Office Building, Low price Sublease.

3rd Ave, New York, NY 10017, USA

5,900 sf,    Hi floor, Possession Arranged,  Office space, 3-7 years term. Modern renovated office suites. Brightly lited with natural light […]

  • 5900 Sq Ft
  • Office Space
Details

Grand Central

5 months ago
  • Below market

Fifth Ave, New York, NY, 40s Class A Office Building 4500-11000 sf

  • Below market
5th Ave, New York, NY, USA

4500 – 11,000 sf,    14th floor, Lease term 3-12 yrs, As Is condition, Office space,  Trading floor, 35 work stations, […]

  • 4500 - 11,000 Sq Ft
  • Below market
  • Office Space
Details

5th Avenue, Grand Central

5 months ago
  • Upon request

E 42 St, New York, NY, Madison Ave, Grand Central office space for lease

  • Upon request
E 42nd St, New York, NY, USA

Hi Floor 2,500 -5,000 sf office space for lease, next to Grand Central Station. Standard office area very well appointed […]

  • 2500 - 5000 Sq Ft
  • Upon request
  • Office Space
Details

Grand Central, Madison Avenue

6 months ago

Grand Central Station Office Space

Grand Central Station Office Space  –  The District around Grand Central Station comprises a few dozen city blocks, including the beauty Grand Central Terminal which is in the heart of Midtown Manhattan. This area is roughly bordered by the Empire State Building in the south, E 52nd Street in the north, the UN Building on the east, the New York Public Library on the west. Here are some of the most famous landmarks, attractions, restaurants, and retail stores in New York City. The New York Public Library and Central Park are in a small way.

Grand Central Station Office Space for lease

Grand Central guarantees transportability to all tenant and employees in the area for that reason is one of the most highly sought after locations in Midtown Manhattan. Grand Central is one of the largest office submarkets in Manhattan. It consists of over 56 million square feet of office space for lease. This prestigious New York office space and business address attract many companies. Well, start-up companies are there as well as many major corporations, small and medium-sized enterprises.

Accounting firms, major banks, from Fortune 500 powerhouses to modestly-sized firms all rub shoulders in Grand Central. Further, there are many professional executive office suites locations in the district as well. Home to a brilliant range of products and offerings providers, together with country wide and unbiased shops, the aggregate of prestige, transportation, and amenity make the Grand Central District one of the satisfactory office destination in New York City.

Grand Central Station Office Space Inventory: around  56 million SF,  available space: 7.5 million SF, Vacancy Rate: 7.5%

Demand and prices for office space for rent in Grand Central Station

There are About 180 office buildings, and approximately 30% of them are class A. This provides a great selection of small quality and pre-built Manhattan office space for lease. These buildings are home to many renowned tenants like Wells Fargo and Aetna, Capital One, Morgan Stanley Smith, and Federal Home Loan Bank. The rental price is relatively high for New York office space, but the location provides proximity to transit and entertainment and high-end amenities.

Near to Grand Central Station situated top-notch Class B buildings, but they are with the look and feel of Class A, so the companies have at their disposal sufficient NYC office space for lease. In this perimeter, Class B buildings are usually equally attractive to start-ups and already established companies.

Average prices for office space for rent in this neighborhood are Class A $83 per-square-foot, Class B $60-65 psf, and benefits from secure positioning, proximity to transit and entertainment, and high-end amenities.

Transportation in Grand Central Station

In this region, Grand Central Terminal is a primary transportation hub. It serves Metro-North trains and the East Side 4, 5, and 6 local and express subway lines. Grand Central acts as a central core for transit in Midtown Manhattan, offering rail, subway, bus, taxi, and airport service all within steps of the Main Concourse. Grand Central Terminal’s main entrance is 89 E. 42nd Street (at Park Avenue), New York, NY 10017. It is accessible via the 4, 5, 6, 7, and S subway lines, the M101, M102, M103, M1, M2, M3, M4, Q32, and M42 buses and the Hudson, Harlem, and New Haven lines on Metro-North.

Grand Central–42nd Street "4" train"5" train"6" train"6" express train"7" train"7" express train​​42nd Street Shuttle

.

Grand Central Station Office Space 03
Grand Central Station Office Space 02
Grand Central Station Office Space

MANHATTAN OFFICE SPACE MARKET INFORMATION

INVENTORY SF 376 M +1.0% Prior Period 373 M
UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M
VACANCY RATE11.7% +1.0%Prior Period 10.7%
AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
MARKET CAP RATE4.3% Prior Period 4.3%

Availability
Vacant SF 40.7 M Sublet SF 11.8 M
Availability Rate 18.3% Available SF 65.8 M
Available average Asking Rent/SF $60.04
Occupancy Rate 88.3% Percent Leased Rate 91.5%
Office Sales Past Year
Asking Price Per SF $701
Sale to Asking Price Differential -1.4%
Sales Volume $7.5 B
Properties Sold 104
Months to Sale 11.0
For Sale Listings 142
Total For Sale SF 1.3 M

Demand
12 Months Net Absorp % of Inventory -0.1%
12 Months Leased SF 32 M
Months on Market 8.2
Months to Lease 12.1
Months Vacant 11.0
24 Months Lease Renewal Rate 35.1%
Population Growth 5 Years 3.0%

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $70/per SF
  • Medical Office Space, Office Space
Featured

30 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1700 - 3500 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

18 W 33rd St, Herald Square, NY Office Medical space for lease 1400-2800 square feet

  • 2800 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

36 E 60th Street, NY, NY, Retail, Art Gallery space for lease, UES

  • 1560 Sq Ft
  • Upon request
  • Gallery Space, Retail Space

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

14 E 55th Street, Plaza District, NY, Medical office space for lease 2,000 + 2,000 sf

  • 2000 Sq Ft
  • Negotiable
  • Office Space, Showroom Space

Compare listings

Compare