Renting an Office at Grand Central Station

Renting an Office at Grand Central Station

Renting an office at Grand Central Station is a straightforward project when your criteria is limited to buildings with: (1) direct access to/from the terminal; and a (2) Class A rating. The most compelling reason to locate your office here is immediate access to transportation to/from NYC and within the city itself. Grand Central Station  hosts the Metro North Railroad and Amtrak, as well as the 4, 5, 6, 7 and S subway. The “S” shuttle train expresses west to Times Square and the Port Authority Bus Terminal with connections to the 1, 2, 3, A, C and E subways.

Building	Size & Class	Leased %	Asking Rent	GCC Access
420 Lexington Ave Graybar Building	1,400,000 A	86.5%	$53-58	Lobby direct
405 Lexington Ave Chrysler Building	1,201,790 A	93.3%	$49-75	Underground passage
122 East 42nd St. Chanin Building	735,000 A-	82.4%	$42-56	Underground passage
60 East 42nd St. One Grand Central	1,306,255 A	95.4%	$55-65	Underground passage

 

While the benefits of renting an office at Grand Central Station are obvious, it should not obscure the fact that the entire sub-market (5th Ave. to 2nd Ave., from 38th to 47th St.) is large and comprised of 181 building with 55,388,024 RSF of space.  Contained within this group are no-frill office buildings with rents starting as low as $32 PSF and exclusive Park Avenue towers that break the $100 PSF ceiling. 

Link here for details about a more distinguished corporate HQ environment found in the neaby Plaza District.  

Renting an Office at Grand Central Station? 

Cogent Realty can identify the best buildings for your business and negotiate the best prices. We are real estate brokers that represent Tenants, only. Call today: (212) 509-4049.