Small Office Near Grand Central Station
Small Office Near Grand Central Station
Image by Freepik
This report about a Small office near Grand Central Station provides business owners with essential information about New York City’s top destination for business.
Why Choose a Small Office Near Grand Central Station?
⇒ Prime Accessibility: Grand Central Station is an easy commute by subway, buses, and Metro-North.
⇒ Networking: Proximity to 1,000s of businesses from every industry.
⇒ Vibrant Neighborhood: Access to restaurants, cafes, and services for employees and clients.
⇒ Prestigious Address: The prestige of having an office in Midtown Manhattan.
⇒ Office Inventory: The neighborhood has a huge selection of offices at varying price points.
Cogent Realty Advisors is a licensed No Fee real estate broker that represents companies that lease office space. Contact us for help finding and negotiating your next lease. (212) 509-4049.
Grand Central Station Office Market Statistics
The Grand Central Station Office market is the largest in NYC. Key statistics follow*:
♦ 110 buildings
♦ 51.1 million square feet
♦ $55.62 Per Square Foot (PSF) average asking rent
♦ $32 to $220 PSF range of asking rents
♦ 15.8% vacancy
*Data as of July 1, 2024 is provided by Costar, the world leader in commercial real estate
Types of Small Offices Offered for Rent
Photo by Tim Van Der Kuip
This report focuses on Traditional Office Spaces with these features:
(1) Rented directly from the Landlord.
(2) Lease terms range from 3- 10 years. Insight: Institutional Landlords like SL Green require a 5- year lease. Most other Landlords are flexible.
(3) Spaces are prebuilt. Insight: Many Landlords will modify an office design and layout if a Tenant agrees to a longer term.
(4) In the today’s “soft office market”, some Landlords are providing free furniture and wiring as an incentive to lease their space. Other Landlords may charge a modest premium on the rent for this add-on.
(5) Many Landlords have invested heavily to deliver Tenant Amenities.
For information about Executive Offices and Co-working use this link: New York City Co-working Guide
Curated List for a Small Office near Grand Central Station
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- 420 Lexington Avenue at Grand Central Station
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- 2,126 RSF. $10,984 month
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- 2 Grand Central Tower aka 140 East 45th Street
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- 2,819 RSF. Asking $17,618 month.
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- One Grand Central Place aka 60 East 42nd Street
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- 2,241 RSF. $12,885 month.
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- 122 East 42nd Street at Lexington Avenue
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- 2,825 RSF. $12,993 month
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- 369 Lexington Avenue at 41st Street
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- 2,000 RSF. Furnished. $8,166 month
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- 370 Lexington Avenue at 41st Street
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- 1,700 RSF. Furnished. $8,500 month.
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- 295 Madison Avenue @ 41st Street
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- 1,250 RSF. Furnished. $6,770 month
Finding the Perfect Small Office Near Grand Central is a Big Decision
♦ Cogent Realty Advisors is a licensed New York State commercial realtor founded in 2002.
♦ Cogent Realty represents the interests of commercial Tenants that rent office space.
♦ Tenants pay no fee when using our services.
♦ Cogent provides objective expertise in finding office space and negotiating lease agreements.
♦ Cogent will secure the optimal office space for you with the best terms and pricing.
For help with your office real estate, contact: Mitchell Waldman: (212) 509-4049
#SmallOfficesNearGrandCentral
