77 West 55th Street

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.