The Price of Renting an office near Grand Central in 2016
The Price of Renting an Office near Grand Central Station in 2016
“The Glory of Commerce” by Jules-Felix Coutan. The central figure is Mercury, god of transportation and commerce.
The price of renting an office near Grand Central Station in the first quarter of 2016 increased 1.3% over the quoted rent at the end 2015. As reported by Costar, the Commercial Real Estate Information Company, the average rent in the first quarter of 2016 was $65.68 per rentable square foot (PSF) compared to $64.83.
Grand Central Office Market Snapshot:
$65.68 Average quoted asking rent.
10.90% Total amount of vacant space.
The table below provides more detailed information.
Grand Central Station Office Spaces
The Grand Central Station sub-market is extremely dense, spanning five avenues and nine blocks. It contains 56,393,270 total square feet of office space. A small selection of offices is shown below. Contact Cogent Realty with you specific requirements: (212) 509-4049.
Chrysler Building
Landmark, Class A.
2,265 RSF, Pre-built. Cal for rent.
One Grand Central Place
Class A. 2,346 RSF Pre-built office. Call for rent.
110 East 42nd Street
Class A. 4,250 RSF, Pre-built office. Call for rent.
489 Fifth Avenue
Class A. 4,988 RSF, Pre-built office. Call for rent.
286 Madison Avenue
Class B. 5,672 RSF, “Test Fit”. Landlord will build-to-suit.
2 Grand Central Tower
Class A. 5,714 RSF “Test Fit”.
Landlord will build-to-suit. Call for rent.
369 Lexington Avenue
Class B. 6,134 RSF, Pre-built office. Asking $54.
685 Third Avenue
Class A. 6,769 RSF, “Test Fit”.
Landlord will build-to-suit.
90 Park Avenue.
Class A. 12,400 RSF, “Test Fit”.
Landlord will build-to-suit.
About Cogent Realty Advisors
Cogent Realty Advisors is an independent and licensed NO FEE Realtor with over 15 years of experience representing NYC businesses that lease office space. Our goal is to secure the right office for your business at the right price. For information, phone Mitchell Waldman at (212) 509-4049.
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