Grand Central Office For Lease

Grand central Office Spaces For Rent

Address	$ / SF	SF	Monthly Rent
Small Grand Central Offices for Rent
East 45th Street & East 46th Street	$ 99	1,100	$ 9,000
East 45th Street & East 46th Street	$ 65	1,300	$ 7,000
Lexington Avenue & Park Avenue	$ 99	1,400	$ 11,400
Medium Grand Central Offices for Rent
East 39th Street & East 38th Street	$ 62	3,000	$ 15,400
East 43rd Street & East 42nd Street	$ 121	3,100	$ 31,200
Lexington Avenue & Park Avenue	$ 99	3,100	$ 25,400
Large Grand Central Offices for Rent
Lexington Avenue & Park Avenue	$ 63	5,000	$ 26,200
Lexington Avenue & Park Avenue	$ 58	5,000	$ 24,000
East 46th Street & East 47th Street	$ 124	5,300	$ 54,600

Address	$ / SF	SF	Monthly Rent
Small Grand Central Offices for Rent
Lexington Ave & East 41st Street	$ Negotiable	1,100	$ Negotiable
Madison Ave & East 40th Street	$ Negotiable	1,300	$ Negotiable
E 42nd Street & Madison Avenue	$ Negotiable	1,300	$ Negotiable
E 46th Street & Fifth Avenue	$ 41	2,000	$ 6,800
E 42nd Street & Madison Avenue	$ 58	2,000	$ 9,600
E 42nd Street & Madison Avenue	$ 62	2,100	$ 10,800
Medium Grand Central Offices for Rent
Third Ave & East 39th Street	$ 41	3,000	$ 10,200
Fifth Ave & East 44th Street	$ 62	3,200	$ 16,400
None	$ Negotiable	3438	$ None
E 46th Street & Fifth Avenue	$ 53	3,500	$ 15,400
Madison Ave & East 40th Street	$ Negotiable	3,500	$ Negotiable
Madison Ave & East 40th Street	$ Negotiable	4,100	$ Negotiable
Large Grand Central Offices for Rent
Third Ave & East 39th Street	$ 41	5,000	$ 17,000
Madison Ave & East 40th Street	$ Negotiable	5,500	$ Negotiable
Lexington Ave & East 41st Street	$ 44	5,500	$ 20,000
Madison Ave & East 44th Street	$ 74	5,800	$ 35,600
Madison Ave & East 40th Street	$ Negotiable	6,500	$ Negotiable
Madison Ave & East 40th Street	$ Negotiable	6,600	$ Negotiable

Address	$ / SF	SF	Monthly Rent
Small Grand Central Offices for Rent
E 39th Street & Fifth Avenue	$ 90	1,200	$ 9,000
Medium Grand Central Offices for Rent
E 39th Street & Fifth Avenue	$ 90	3,200	$ 24,000
Large Grand Central Offices for Rent
E 39th Street & Fifth Avenue	$ 90	5,200	$ 39,000

office Tenants Rented / Leased Grand Central

University of Texas at Austin leased 15,212 SF at 28 West 44th Street
Kreindler & Kreindler leased 14,078 SF at 485 Lexington Avenue
Lamar Advertising Company leased 2,440 SF at 122 East 42nd Street
FTI Consulting leased 120,000 SF at 1166 Sixth Avenue
CBRE leased 44,612 SF at 200 Park Avenue
Permanent Mission of Belize to the United Nations leased 3,868 SF at 675 Third Avenue
Convene leased 116,000 SF at 530 Fifth Avenue

Grand Central

Neighborhood Summary

Boundaries for Grand Central

Grand Central is located in Midtown Manhattan and is bound by 7th Avenue to 1st Avenue from 36th Street to 56th Street.

Class A Office Leases

Grand Central contains 70 Class A office buildings offering 550 different office spaces for lease. In total, there are currently 6,083,394 square feet of rentable Class A office space available.

Class B Office Leases

Grand Central contains 41 Class B office buildings offering 192 different office spaces for lease. In total, there are currently 492,296 square feet of rentable Class B office space available.

Commute to Grand Central

The Grand Central Terminal is one of the main transportation centers in the region. It serves the Metro-North trains as well as the East Side 4, 5 and 6 local and express subway lines. The 7 subway terminals and the transport along 42nd Street are also available at the terminal. Moreover, most of the buildings of the Grand Central District are within walking distance of the Sixth Avenue Subway Line (B, D, F, and V).

New Developments

SL Green’s One Vanderbilt building, midtown's new supertall, with a projected completion date of August, 2020 has attracted a number of high end clients. One Vanderbilt overlooks Grand Central Station.

Current Largest and Newest Tenants

Tenants for One Vanderbilt include Sentinel Capital Partners, The Carlyle Group, TD Bank, and KPS Capital Partners.

History of Office Leasing in Grand Central

Midtown Manhattan was built around the Grand Central Terminal. When the current terminal started out in 1913, the city's central business district, centered in Donegal, moved to Midtown. In the 1930s, the finished Art Deco Chrysler Building was at that time the tallest building in the world. In recent years, the Grand Central Terminal has undergone an extensive renovation and has emerged as one of the city's jewels, a destination for the restaurants retailers and restaurants. The neighborhood is affluent in hotels, restaurants, and shops. Park Avenue north of Grand Central Terminal remains one of the most prestigious corporate addresses in the world.

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Grand Central Terminal in New York City, often referred to as Grand Central Station, is more than just a transportation hub. It is an iconic landmark and a cultural treasure in the heart of Manhattan. Here's a brief overview of what you can find at Grand Central NYC:

1. Architecture: Grand Central Terminal is known for its stunning Beaux-Arts architecture, featuring a majestic Main Concourse with a 125-foot high ceiling adorned with a beautiful astronomical mural. The terminal's exterior façade is equally impressive, with its iconic clock and statues.

2. Transportation: It is one of the busiest train stations in the United States, serving as a major transportation hub for commuters traveling within New York City and to other regions. The terminal provides access to various train services, including Metro-North Railroad, which connects the city to its suburbs, as well as Amtrak.

3. Shops and Restaurants: Grand Central is home to a wide array of shops and dining options. From luxury boutiques to artisanal food markets, you can find a diverse range of products and cuisines to suit every taste. The lower-level dining concourse, known as the Grand Central Market, offers a mix of vendors selling fresh produce, gourmet food, and international delicacies.

4. The Whispering Gallery: One of the hidden gems within Grand Central is the Whispering Gallery. Located just outside the Oyster Bar & Restaurant, this architectural marvel has a unique acoustic characteristic that allows whispers to be heard clearly from one corner to another, even from a distance.

5. Vanderbilt Hall: This grand exhibition space is often host to various events and showcases, ranging from art exhibits to holiday markets. It also serves as a prominent venue for performances and cultural activities, attracting visitors and locals alike.

6. The Campbell: Tucked away on the southwest corner of the terminal, The Campbell is a legendary bar with a rich history dating back to the 1920s. Previously known as the Campbell Apartment, it retains its classic ambiance and serves as a popular spot for cocktails and socializing.

7. Grand Central Market: Located on the lower level, the Grand Central Market offers a wide variety of eateries, including fresh seafood, Italian delicacies, sushi, sandwiches, and more. It's a great place to grab a quick bite or do some culinary exploration.

Overall, Grand Central NYC is not just a transportation hub but also a place where history, architecture, shopping, and dining seamlessly blend together, offering a unique and vibrant experience for both locals and visitors.