Boundaries for Grand Central
Lease retail Grand Central, which is located in Midtown Manhattan and is bound by 7th Avenue to 1st Avenue from 36th Street to 56th Street.
Retail Trends in Grand Central
For those looking to rent retail Grand Central or lease retail Grand Central the market trends for Grand Central are as follows. Grand Central remains one of New York City’s retail gems. With a high level of foot traffic from the surrounding offices and from tourists Grand Central retail is positioned to absorb many potential consumers. In addition, commuters who pass through Grand Central are another source of potential consumer. Retail in Grand Central benefits from the extended sales cycle from the tourists who pass through, as well as from the office worker who relies on the shops surrounding the many office buildings.
Retail Spaces Available
Affordable retail space in Grand Central includes the following locations and prices. Madison Avenue & East 40th Street with 900 square feet of retail is asking for $30,000 a month. Park Avenue & East 39th Street with 1,400 square feet of retail space is asking $46,666. Additional Grand Central Retail Space for lease includes the following, Second Avenue & East 41st Street, with 2,100 square feet of retail space asking for $9,625 a month.
History of Grand Central
Tenants are attracted to Grand Central Retail Space for rent, due to the aforementioned factors, these include the high volume of potential consumers who pass through Grand Central. These potential consumers include the workers from the surrounding office buildings, which are numerous. The additional foot traffic comes from commuters who pass through the Grand Central area. Although office workers account for a large portion of the foot traffic volume, additional volume is added from tourists. Furthermore, these tourists are not bound by the usual 9 to 5 schedule of the surrounding office buildings, thus, offering an extended sales cycle.