Rent Office Grand Central


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Rent Office Grand Central

Address SF Monthly Rent
Small Offices for Rent | New York
Madison Ave & East 39th Street 1,000 $ 3,800
Lexington Ave & East 42nd Street 1,100 $ 5,600
Lexington Ave & East 42nd Street 1,100 $ 5,600
Third Ave & East 46th Street Negotiable $ Negotiable
E 40th Street & Lexington Avenue 1,100 $ 2,000
E 40th Street & Lexington Avenue 1,100 $ 2,000
Medium Offices for Rent | Commercial Spaces
E 44th Street & Fifth Avenue 2,500 $ 7,200
Fifth Ave & East 38th Street Negotiable $ Negotiable
E 44th Street & Fifth Avenue 2,500 $ 7,200
Madison Ave & East 41st Avenue 2,500 $ 10,600
E 41st Street & Fifth Avenue Negotiable $ Negotiable
Fifth Ave & East 39th Street Negotiable $ Negotiable
Large Offices for Rent
Park Ave & East 45th Street 10,000 $ 66,600
Park Ave & East 45th Street 10,000 $ 66,600
Fifth Ave & East 42nd Street Negotiable $ Negotiable
3Rd Ave & East 45th Street 10,000 $ 51,600
Fifth Ave & East 44th Street Negotiable $ Negotiable
Third Ave & East 42nd Street Negotiable $ Negotiable
Address SF Monthly Rent
Address SF Monthly Rent
office Tenants Rented / Leased Grand Central
  • University of Texas at Austin leased 15,212 SF at 28 West 44th Street
  • Kreindler & Kreindler leased 14,078 SF at 485 Lexington Avenue
  • Lamar Advertising Company leased 2,440 SF at 122 East 42nd Street
  • FTI Consulting leased 120,000 SF at 1166 Sixth Avenue
  • CBRE leased 44,612 SF at 200 Park Avenue
  • Permanent Mission of Belize to the United Nations leased 3,868 SF at 675 Third Avenue
  • Hebrew Free Loan Society leased 3,785 SF at 675 Third Avenue
  • N*GEN Partners leased 2,059 SF at 733 Third Avenue
  • Tempus Labs leased 22,700 SF at 230 Park Avenue
  • Winged Keel Group leased 12,724 SF at 1 Grand Central Place
  • Charles Schwab & Company leased 10,702 SF at 1 Grand Central Place
  • Prager & Company leased 8,765 SF at 1 Grand Central Place
  • CliftonLarsonAllen leased 4,339 SF at 1 Grand Central Place
  • Northland Securities leased 3,654 SF at 1 Grand Central Place

Grand Central Office Rent Average

Building Class Year $ / SF
A 2019 69.0
A 2020 155.0
A 2021 62.0
A 2022 94.0
A 2023 103.0
Building Class Year $ / SF
B 2019 60.0
B 2020 246.0
B 2021 50.0
B 2022 59.0
B 2023 67.0
Year $ / SF Building Class

Grand Central

Grand Central Terminal, located in the heart of Midtown Manhattan, is an iconic landmark that has played a significant role in New York City's history and continues to be a vital transportation hub and cultural center. Let's explore various aspects of Grand Central and its surrounding area.

Boundaries

Grand Central Terminal is situated between 42nd Street and 45th Street, spanning from Vanderbilt Avenue to Lexington Avenue. The area commonly referred to as "Grand Central" extends slightly beyond these boundaries, generally encompassing the blocks between 39th Street and 48th Street, from Madison Avenue to Third Avenue. This area is part of the larger Midtown East neighborhood and includes several notable buildings and attractions.

History

The history of Grand Central dates back to 1871 when Cornelius Vanderbilt created Grand Central Depot for three railroads. Due to rapid growth, the depot was reconstructed and renamed Grand Central Station by 1900. The current structure, designed by the firms Reed and Stem and Warren and Wetmore, opened on February 2, 1913.

Throughout its history, Grand Central has faced numerous challenges and transformations. In the 1950s and 1970s, there were two separate proposals to demolish the terminal, but both were unsuccessful. The building received several landmark designations during this period, protecting it from demolition.

A significant moment in Grand Central's history came in 1968 when Jacqueline Kennedy Onassis led a campaign to save the terminal from destruction. Her efforts, along with those of other preservationists, helped secure Grand Central's future and cemented its status as a beloved New York City landmark.

In the late 20th century, Grand Central underwent extensive renovations. From 1988 to 1998, the terminal was restored to its original grandeur, with improvements made to both its functionality and aesthetics. This restoration helped revitalize the surrounding area and reaffirmed Grand Central's importance to the city.

Subways

Grand Central–42nd Street is a major subway station complex serving the terminal and surrounding area. The complex includes platforms for several subway lines:

  • IRT Lexington Avenue Line (4, 5, and 6 trains)
  • IRT Flushing Line (7 train)
  • 42nd Street Shuttle (S train)

The station is the second busiest in the entire New York City Subway system, with over 45 million passengers in 2019. It provides convenient connections to various parts of the city and is directly linked to Grand Central Terminal, allowing for easy transfers between subway and commuter rail services.

Restaurants

Grand Central Terminal and its vicinity offer a wide array of dining options, ranging from quick bites to upscale restaurants. Some notable establishments include:

  • Grand Central Oyster Bar: Located in the terminal's lower level, this iconic restaurant has been serving seafood since 1913.
  • The Campbell Bar: A historic cocktail bar and lounge located in the terminal.
  • Pershing Square: A popular bistro located just across the street from Grand Central, known for its American cuisine and outdoor seating.
  • Grand Central Market: A collection of gourmet food vendors offering fresh produce, meats, cheeses, and prepared foods.

These dining options cater to commuters, tourists, and local office workers, providing a diverse range of culinary experiences within and around the terminal.

Museums

While Grand Central itself is not a museum, it does house several exhibits and art installations that showcase its rich history and architectural significance. The terminal offers audio tours and guided tours that provide insights into its past and present.

In the surrounding area, several museums are within walking distance:

  • Chrysler Building: Although not a traditional museum, the Art Deco lobby of this iconic skyscraper is open to the public and features stunning architectural details.
  • Morgan Library & Museum: Located a few blocks south of Grand Central, this museum houses a vast collection of rare books, manuscripts, and artwork.
  • New York Public Library: The main branch on 42nd Street and Fifth Avenue features rotating exhibitions and a beautiful Beaux-Arts interior.

Retail Stores

Grand Central Terminal is home to numerous retail shops, offering everything from luxury goods to everyday necessities. The terminal's retail spaces are spread across multiple levels and include:

  • Grand Central Market: A collection of gourmet food vendors and specialty shops.
  • Vanderbilt Hall: Often hosts pop-up shops and seasonal markets.
  • Various clothing, accessories, and gift shops throughout the terminal.

In the surrounding area, shoppers can find a mix of high-end retailers and popular chain stores along Madison Avenue and Fifth Avenue.

Company Offices

The area around Grand Central is a major business district, home to numerous corporate headquarters and office buildings. Some notable companies with offices in the vicinity include:

  • MetLife: The MetLife Building, formerly the Pan Am Building, is directly north of Grand Central.
  • JPMorgan Chase: Their headquarters is located at 270 Park Avenue.
  • Pfizer: The pharmaceutical giant's headquarters is on 42nd Street.
  • Deloitte: Their offices are in 30 Rockefeller Plaza, a short walk from Grand Central.

The recently completed One Vanderbilt, adjacent to Grand Central, has attracted several high-profile tenants, further cementing the area's status as a prime business location.

Universities

While there are no major universities directly adjacent to Grand Central, several educational institutions have a presence in the area:

  • New York University: NYU's School of Professional Studies has a location on East 43rd Street.
  • Cornell Tech: While their main campus is on Roosevelt Island, they have offices near Grand Central.
  • Baruch College: Part of the City University of New York system, located a short distance south of Grand Central.

Additionally, many universities and colleges throughout New York City are easily accessible via the subway lines that connect at Grand Central–42nd Street station.

Conclusion

Grand Central Terminal and its surrounding area continue to evolve while maintaining their historical significance. The terminal's recent expansion to accommodate Long Island Rail Road service through the East Side Access project, completed in January 2023, demonstrates its ongoing importance to New York City's transportation infrastructure. As both a vital transit hub and a beloved landmark, Grand Central remains at the heart of Midtown Manhattan's bustling activity, connecting millions of people and serving as a testament to the city's rich history and enduring spirit.

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Grand Central Terminal in New York City, often referred to as Grand Central Station, is more than just a transportation hub. It is an iconic landmark and a cultural treasure in the heart of Manhattan. Here's a brief overview of what you can find at Grand Central NYC:

1. Architecture: Grand Central Terminal is known for its stunning Beaux-Arts architecture, featuring a majestic Main Concourse with a 125-foot high ceiling adorned with a beautiful astronomical mural. The terminal's exterior façade is equally impressive, with its iconic clock and statues.

2. Transportation: It is one of the busiest train stations in the United States, serving as a major transportation hub for commuters traveling within New York City and to other regions. The terminal provides access to various train services, including Metro-North Railroad, which connects the city to its suburbs, as well as Amtrak.

3. Shops and Restaurants: Grand Central is home to a wide array of shops and dining options. From luxury boutiques to artisanal food markets, you can find a diverse range of products and cuisines to suit every taste. The lower-level dining concourse, known as the Grand Central Market, offers a mix of vendors selling fresh produce, gourmet food, and international delicacies.

4. The Whispering Gallery: One of the hidden gems within Grand Central is the Whispering Gallery. Located just outside the Oyster Bar & Restaurant, this architectural marvel has a unique acoustic characteristic that allows whispers to be heard clearly from one corner to another, even from a distance.

5. Vanderbilt Hall: This grand exhibition space is often host to various events and showcases, ranging from art exhibits to holiday markets. It also serves as a prominent venue for performances and cultural activities, attracting visitors and locals alike.

6. The Campbell: Tucked away on the southwest corner of the terminal, The Campbell is a legendary bar with a rich history dating back to the 1920s. Previously known as the Campbell Apartment, it retains its classic ambiance and serves as a popular spot for cocktails and socializing.

7. Grand Central Market: Located on the lower level, the Grand Central Market offers a wide variety of eateries, including fresh seafood, Italian delicacies, sushi, sandwiches, and more. It's a great place to grab a quick bite or do some culinary exploration.

Overall, Grand Central NYC is not just a transportation hub but also a place where history, architecture, shopping, and dining seamlessly blend together, offering a unique and vibrant experience for both locals and visitors.
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