Trading Offices and Technology Offices Near Grand Central
Trading Offices and Technology Offices Near Grand Central
Courtesy of Costar
At mid-year 2015 the availability of trading offices and technology offices near Grand Central is limited and rents are at a premium. This mirrors the overall market conditions throughout Manhattan. (Link to our report on NYC Office Space Cost in Q2 2015 here.) Costar, the Commercial Real Estate Information Company reports that at the close of the second quarter the vacancy rate in the Grand Central Station sub-market was 11% with an average asking rent of $63.84 per rentable square foot across Class A, B and C buildings. The adjacent chart shows data over the past five years.
Currently Available Mid-Size Trading and Technology Offices
4,860 RSF
Lexington Avenue & 40th Street: Class A building. 24/7 access, attended lobby and turn-style security. Tenant controlled AC. Landlord will modify or provide a high-end build-to-suit. Asking rent $54.00 PSF.
3,090 RSF
Lexington Avenue & 41st Street: Class A boutique building. 24/7 access and attended lobby. Complimentary Tenant-only conference facilities. Wire Certified Platinum. Asking rent $65.00 PSF.
2,822 RSF
Madison Avenue & 40th Street: Class B building. 24/7 access and attended lobby which was recently renovated. Wire Certified. Asking rent $55.00 PSF.
3,340 RSF
42nd Street & Lexington Avenue: Class A landmark Art-Deco styled building. 24/7 access and attended lobby. An underground passage connects directly to the terminal. Asking rent $55.00 PSF.
9,346 RSF
Fifth Avenue & 40th Street: Class A building. 24/7 access and concierge attended lobby. Dramatic full floor space with excellent light and views on four sides. Landlord will build-to- suit including Tenant controlled AC. Wired Certified Gold. Asking rent $68.00 PSF.
About Wired Certification
Wired Certification is a certification program launched by Mayor Bloomberg and the New York City Economic Development Corporation that identifies and certifies buildings with the fastest and most reliable internet connections.
Wired Certification’s methodology is highly robust and accurate because it considers a number of factors associated with the best internet connections. Because we ask the right questions during our preliminary survey and followup analysis, Wired Certification can accurately assess the connectivity of buildings.
Wire Certification measures three factors: (1) Connectivity; (2) Building Infrastructure; and (3) Readiness for future innovations. For more information on Wired Certification link here.
SMART STRATEGY FOR RENTING Trading Offices and Technology Offices Near Grand Central & throughout NYC
With NYC office space in short supply and rents at a premium, it makes sense to hire an experienced and licensed Commercial Real Estate Broker that understands the market. Cogent Realty Advisors provides NO FEE Tenant Representation to New York businesses. By utilizing our extensive office database and an established network of professional contacts, we will find you an office that satisfies your specific requirements. Contact us today: (212) 509-4049.
