Broker Assisted Search:
Get Expert Guidance!
Prominent Grand Central Buildings:
GRAND CENTRAL OFFICE SPACE
Rent Commercial Space in a District Unsurpassed for Transportation and Amenities
The Grand Central District boasts one of the highest inventories of Class A buildings in Manhattan—72 Class A buildings out of a total of 171 buildings. Rents for Class A buildings in the district, averaging $62.44 per square foot, are lower than in similarly prestigious Manhattan districts, though Grand Central is unsurpassed for transportation and amenities.
It is no surprise that Grand Central has such an inventory. Midtown Manhattan grew up around Grand Central Terminal. When the current terminal opened in 1913, the city's central business district, long concentrated in lower Manhattan, shifted to Midtown. In 1930, the Chrysler Building was completed, and was the tallest building in the world. Companies such as Mobil Oil and Pfizer moved their headquarters to East 42nd Street.
Grand Central Featured Properties
Walk to Your Office from a Premier Regional Transportation Hub
Grand Central Terminal is one of the premier transportation hubs in the region. It serves MetroNorth trains as well as the East Side 4, 5, and 6 local and express subway lines, and the 7 and shuttle lines along 42nd Street. Most Grand Central District buildings are also within easy walking distance of the Sixth Avenue subway lines (B, D, F, V).
Lease Manhattan Office Space in a Prestigious Landmark District
Grand Central Terminal has undergone extensive refurbishment in recent years and shines as one of the city's jewels, a destination for fine shopping and dining. The district abounds in hotels, restaurants, and stores. Nearby sights include the United Nations Headquarters, the Chanin Building, the former Daily News Building, the New York Public Library, and Bryant Park—Midtown's backyard. Park Avenue north of Grand Central Terminal remains one of the most prestigious corporate addresses in the world.
We Can Find Space for Large Corporations and Small Retailers
Companies that make their home in the Grand Central District include law firms, accounting firms, and banks and financial services firms, and range from Fortune 500 powerhouses to modestly sized firms operating out of the older office buildings. The district is also home to a tremendous range of goods and services providers, including national and independent retailers.
You Can Rent in Class B and C Buildings in a Class A District
The Grand Central District's overall office vacancy rate is 7.8%. While Class A rents are competitive with comparably prestigious districts, all the district's amenities may be had at much lower rents. The 54 Class B buildings average $49.70 per square foot, and the 49 Class C buildings average $41.55.
Feel Safe and Secure in a District Maintained by Excellent Public-Private Partnerships
All the qualities that made the Grand Central District the premier business center of Manhattan are as abundantly present as ever. Private-public partnerships exist to keep streets and buildings clean and to provide safe, secure, and well-maintained sidewalks and public spaces. The renovations of Bryant Park and Grand Central Terminal rank as some of the city's proudest accomplishments of the last 25 years, and make the district is a destination for play as well as for work.
The combination of prestige, transportation, and amenity make the Grand Central District hard to beat.
Corresponding zip codes: 10017 10016 10170 10174