77 West 55th Street

New York, New York 10019 38 W 39th St. NY NY 10018

212-581-3003

24/7 Customer Support

Mon - Fri: 24/7

Always open online

Grand Central Station Office Space

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

6 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

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

  • 2500
  • Upon request
  • Office Space
Details

Grand Central

6 months ago

Penn Station, Seventh Ave, Fully Furnished Office Space For Rent 10,000 SF, $44 per SF

  • $44 per SF
7th Ave, New York, NY 10018, USA

Penn Station, Seventh Ave, Fully Furnished Office Space For Rent 10,000 SF, $44 per SF   Penn Station, Seventh Ave, […]

  • 10000 Sq Ft
  • $44 per SF
  • Office Space
Details

Grand Central, Penn Station

6 months ago
  • Upon Request
Madison Ave, Plaza District NYC, Fully Furnished Office For Lease 4,850 SF

Madison Ave, Plaza District NYC, Fully Furnished Office For Lease 4,850 SF

  • Upon Request
Madison Ave, New York, NY, 10017, USA

Madison Ave, Plaza District NYC, Fully Furnished Office For Lease 4,850 SF   Madison Ave, Plaza District NYC, Fully Furnished […]

  • 4850 Sq Ft
  • Upon Request
  • Office Space
Details

Grand Central, Madison Avenue, Plaza District

6 months ago
  • Low price sublet
Lexington Ave, Grand Central Built and Furnished Office Space for Rent

Lexington Ave, Grand Central Built and Furnished Office Space for Rent

  • Low price sublet
Lexington Ave, New York, NY 10017, USA

Lexington Ave, Grand Central Built and Furnished Office Space for Rent 5,000 SF   Lexington Ave, Grand Central Built and […]

  • 5000 Sq Ft
  • Low price sublet
  • Office Space
Details

Grand Central, Lexington Ave

6 months ago
  • Upon Request
Bryant Park, Madison Ave, Furnished Office Space For Lease 5,300 SF

Bryant Park, Madison Ave, Furnished Office Space For Lease 5,300 SF

  • Upon Request
Madison Ave, New York, NY, 10016, USA

Bryant Park, Madison Ave, Furnished Office Space For Lease 5,300 SF   Bryant Park, Madison Ave, Furnished Office Space For […]

  • 5300 Sq Ft
  • Upon Request
  • Office Space
Details

Bryant Park, Grand Central, Madison Avenue

6 months ago
  • Upon Request
E 56th St, Plaza District, Furnished Office Space For Lease 2,600 SF

E 56th St, Plaza District, Furnished Office Space For Lease 2,600 SF

  • Upon Request
E 56th St, New York, NY 10022, USA

E 56th St, Plaza District, Furnished Office Space For Lease 2,600 SF   E 56th St, Plaza District, Furnished Office […]

  • 2600 Sq Ft
  • Upon Request
  • Office Space
Details

Grand Central, Park Avenue, Plaza District

6 months ago

E 40th St, Grand Central, NYC Office Space For Rent 2,650 SF

  • $32 per SF
E 40th St, New York, NY 10016, USA

E 40th St, Grand Central, NYC Office Space For Rent 2,650 SF   E 40th St, Grand Central, NYC Office […]

  • 2650 Sq Ft
  • $32 per SF
  • Office Space
Details

Grand Central

6 months ago

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

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  57 million SF,  available space: 8.2 million SF, Vacancy Rate: 15%

Demand and prices for office space for rent in Grand Central Station in 2024

There are About 185 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.

In 2024 Grand Central Station office space average price for rent:

Class A $70-95 per square foot,

Class B $50-70 per SF, and benefits from secure positioning, proximity to transit and entertainment, and high-end amenities.

We offer excellent deals as a fully built-out and furnished office subleases in the area in class A and B buildings for $40-45 per square foot.

 

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 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%
nyc.manhattan2

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

  • 300 - 20,000 Sq Ft
  • $50-$70 per SF
  • Medical Office Space, Office Space
Featured

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

Madison Ave, NY, Medical office space for lease UES 2500-5000 sf

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for sublease

  • 5000 - 10,000 Sq Ft
  • Office Space

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

  • 2300 - 5000 Sq Ft
  • Upon request
  • Office Space

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

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

Compare listings

Compare