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Grand Central Submarket — New York City

Grand Central submarket of New York City: 13 tracked properties, 6,661,000 SF of inventory and 1,047,000 SF available.

13Listings
1,047,000 SFAvailable space
6,661,000 SFTotal inventory
$78.75/SFAvg asking rent
102,900 SFMedian suite
1088 Wall StNew York, NY · Office · Class B138,100 SF available$74.80 – $91.06/SF/yr FS
Union TowerNew York, NY · Office · Class C21,000 SF available$53.60 – $65.25/SF/yr FS
829 Water StNew York, NY · Office · Class C102,900 SF available$67.88 – $82.63/SF/yr FS
Cornerstone PlazaNew York, NY · Office · Class A178,700 SF available$88.73 – $108.03/SF/yr FS
1302 E 42nd StNew York, NY · Office · Class A97,800 SF available$77.37 – $94.18/SF/yr FS
915 W 23rd StNew York, NY · Multi-Family · Class C38,300 SF availableRate on request
319 W 52nd StNew York, NY · Office · Class A1,187,100 SF$83.58 – $101.75/SF/yr FS
Midtown CrossingNew York, NY · Office · Class A1,044,100 SF$79.43 – $96.70/SF/yr FS
515 W 57th StNew York, NY · Multi-Family · Class B22,900 SF availableRate on request
Alamo CenterNew York, NY · Office · Class C135,100 SF available$71.79 – $87.40/SF/yr FS

13 commercial properties are tracked in the Grand Central submarket, representing 6,661,000 SF of rentable building area, of which 1,047,000 SF is currently marketed as available.

Asking rents average $78.75 per square foot per year, the median marketed suite is 102,900 SF, and listings have been on market a median of 209 days.

The stock splits 4 Class A, 5 Class B, 4 Class C, with construction dates from 1908 to 2006 (median 1962).

Other New York City submarkets

ChelseaColumbus CircleFinancial DistrictFlatiron / Union SquareGramercyHudson YardsMurray HillPenn Plaza / GarmentPlaza DistrictTimes SquareTribeca / SoHoUpper East SideUpper West Side

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Frequently asked questions

What is the average asking rent for commercial space in Grand Central, NY?

Across the 13 commercial listings published in Grand Central, NY, asking rents average $78.75 per square foot per year, quoted on a FS basis.

How much commercial space is available in Grand Central, NY?

1,047,000 SF is currently marketed across 10 buildings, out of 6,661,000 SF of total inventory.

What is the commercial vacancy rate in the New York City market?

The New York City commercial market is running 21.1% vacancy with year-over-year asking rent growth of 4.9%.

Which submarkets have the most commercial space in Grand Central, NY?

Grand Central (13 properties).

What cap rates are commercial assets trading at in Grand Central, NY?

Listed commercial assets in Grand Central, NY show an average asking cap rate of 6.38%. Closed sale comparables are available in RealStar's Sales module.

Which brokerages are most active in Grand Central, NY?

Summit Advisory Group (2 listings), Landmark Commercial (1 listing), Bluebonnet Realty Advisors (1 listing), Sterling Crest Advisors (1 listing), Northgate Commercial (1 listing). See the full Grand Central, NY broker directory.

How do I list a commercial property in Grand Central, NY?

Publish it from RealStar in a few minutes. Basic listings are free; Silver, Gold, Platinum and Diamond packages lift the listing above free inventory and add media, syndication and lead reporting. Compare advertising packages.