Grand Central Terminal Office for Rent

Grand Central Terminal Office for Rent provides essential information for businesses that lease office space.

Your Grand Central Terminal (GCT) office provides:

Prime location
Excellent transportation
Prestigious address
Economic activity
Vibrant neighborhood & amenities

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 Terminal Office Market Statistics

The Grand Central Terminal (GCT) 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 provided by Costar, the world leader in commercial real estate information.

Its New York’s Top Office Location

The popularity of this business district is determined by the transportation connections found at Grand Central Terminal including the 4, 5, 6, 7 and S subway lines; M101, M102, M103, M1, M2, M3, M4, Q32 and M42 buses; Metro North Railroad, and the NYC Airporter.

Link: Grand Central Terminal Shopping & Dining. Link: Hotels Near Grand Central Terminal. Link: Restaurants Near Grand Central Terminal.

Office Building Details

Shown below is a curated listing of offices for lease in close proximity to Grand Central Terminal. Call Cogent Realty with your specific requirement: (212) 509-4049.

420 Lexington Avenue

♦ Located in Grand Central Terminal with direct lobby access to trains. Map here.

♦ Four-star rating. Built 1927, renovated 1999.

♦ 1,501,275 square feet and 30 stories

♦ New Tenant-only conference center

♦ Asking rent $60- 65 PSF

♦ Remarks: Excellent choice for small- and midsize- firms including law, accounting, finance, insurance and IT. Large selection of efficient prebuilt offices with an opportunity to grow over time. For more building details Link Here.

: Prebuilt 985 RSF

: Prebuilt 2,098 RSF

: Prebuilt 5,521 RSF

: Prebuilt 10,281 RSF

Lobby wall

122 East 42nd Street

♦ Located at the S/W/C of Lexington Avenue and 42nd Street. Access to GCT by underground passage. Map here.

♦ Four-Star rating. Built 1928, modernized.

♦ Exceptional Art Deco lobby, NYC Landmark.

♦ 862,081 square feet and 26 stories

♦ Asking rent $55- 63 PSF

Remarks: Broad selection of prebuilt offices for small- to mid-size firms. Flexible terms. For more building details Link Here.

: Prebuilt 2,341 RSF

: Prebuilt 4,731 RSF

110 East 42nd Street

♦ Located between Lexington and Park Avenue, across from GCT. Map here.

♦ Three-Star rating. Built 1921, modernized.

♦ Anchored by Cipriani event space

♦ 293,878 square feet and 18 stories

♦ Asking rent $55 PSF

Remarks: NYC Landmark. Wired certified Gold. Prebuilt offices for small- to mid-size firms. Flexible terms.

: Prebuilt 3,365 RSF

: Prebuilt 2,944 RSF

Photo courtesy of Costar

One Grand Central Place aka 60 East 42nd Street

♦ Located between Park and Madison Avenue. Access to GCT by underground passage. Map here.

♦ Four-Star rating. Built 1930, modernized.

♦ 1,314,412 square feet and 55 stories

♦ Visitor Center, Tenant-only conference center and several dining options.

♦ Asking rent $65- 85 PSF

Remarks: Large building with quality prebuilt and build-to-suit offices to accommodate most needs. Diverse Tenant mix includes prestigious companies like Allianz and Johnson Controls. For more building details Link Here.