The Cost of an Office near Grand Central Station
The Cost of an Office near Grand Central Station
The Cost of an Office near Grand Central Station at the end of the third quarter of 2015 averaged a quoted $64.91 per rentable square foot according to Costar, the Commercial Real Estate Information Company. The boundaries of the Grand Central Station sub-market are shown in the adjacent map.
A more detailed analysis of the Grand Central Station sub-market is found in the table below. (Note: In the table, RBA = Rentable Building Area. That is the total square footage of a building that can be occupied by, or assigned to a tenant for the purpose of determining a tenant’s rental obligation.)
Sample Offices near Grand Central Station
Office availability and pricing changes frequently, Contact Cogent Realty for current information.
One Grand Central Place
Class A
Pre-built – 4,243 RSF
Two Grand Central Place
Class A
Suggested Plan – 8,746 RSF
551 Fifth Avenue
Class A
Pre-built – 2,519 RSF
370 Lexington Avenue
Class A
Pre-built – 1,351 RSF
340 Madison Avenue
Class A
Pre-built – 4,639 RSF
- 250 Park Avenue
Class A
Suggested Plan – 4,019 RSF
675 Third Avenue
Class A
Pre-built
2,826 RSF
369 Lexington Avenue
Class B
Pre-built – 6,134 RSF
110 East 42nd Street
Class B
Pre-built – 1,598 RSF
14 East 47th Street
Class C
Pre-built – 5,000 RSF
BEST STRATEGY FOR LEASING AN OFFICE NEAR GRAND CENTRAL STATION
Your organization can save valuable time and money when it uses Cogent Realty to find office space. By using our extensive building and Landlord database combined with the most current lease pricing information, Cogent will negotiate the optimal terms for you. Cogent Realty is an independent and licensed NO FEE Tenant Representation Broker with over 15 years of experience representing NYC businesses that lease office space. Contact us today: (212) 509-4049.
