Grand Central Retail For Lease

Grand Central Retail Spaces For Rent

Address	$ / SF	SF	Monthly Rent
E 44th Street & Fifth Avenue	$ 35	2,500	$ 7,200
E 39th Street & Fifth Avenue	$ 70	3,000	$ 17,400
E 40th Street & Lexington Avenue	$ 90	3,100	$ 23,200

Address	$ / SF	SF	Monthly Rent

	Luxury - Top Buildings
	Medium – Good Buildings
	Economy Loft buildings

10-20 People	$/Person
Luxury- Top Building	$1,700
Medium – Good Buildings	$1,300
Economy Loft buildings	$ 700

Luxury - Top Buildings

21-50 People	$/Person
Luxury- Top Building	$1,600
Medium – Good Buildings	$1,150
Economy Loft buildings	$ 650

Medium – Good Buildings

51-100 People	$/Person
Luxury- Top Building	$ 1,500
Medium – Good Buildings	$ 950
Economy Loft buildings	$ 600

Economy Loft buildings

retail Tenants Rented / Leased Grand Central

City National Bank leased 35,643 SF at 1140 Sixth Avenue
HSBC leased 7,491 SF at 250 Park Avenue
Sweetgreen leased 3,500 SF at 10 Grand Central
Birch Coffee leased 493 SF at 770 Third Avenue
Best Buy leased 40,839 SF at 535 Fifth Avenue
First Republic Bank leased 14,430 SF at 1 Grand Central Place
Five Below leased 10,800 SF at 530 Fifth Avenue

Grand Central

Neighborhood Summary

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.

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