Law firm relocation near Grand Central
Posted by a tenant rep broker · Legal
- Where
- Grand Central, Midtown
- Size
- 7,000 to 10,000 SF
- Budget
- to $110/SF
- Move in
- Jun 2027
24/7 accessADA accessible
Owners: got a fit?I have a fit
Office space for lease in Grand Central
The Grand Central submarket is commuter-driven, with Metro-North access making it a default choice for firms with a suburban workforce. Park Avenue and Lexington carry the big blocks while the side streets hold efficient pre-built suites.
- Office stock
- 32.2M SF
- Office properties
- 129
- Largest office
- 51 East 42nd Street
- Transit
- 4 5 6 7 S at Grand Central
Building figures are existing stock from NYC PLUTO 26v2 tax lot records, not space on the market. More below.
On Leasemark No office space for lease and no requirements posted in Grand Central yet. Post yours and it is matched the day it goes up.
Nothing listed here yet
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What a requirement here looks like
No live requirements in Grand Central yet. These labeled examples show what tenants post. Owners: list a space and we match it against every new requirement automatically.
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NYC Department of Finance filings
Rent collected per square foot: office buildings in Manhattan
In 2024, 1,506 Manhattan office properties filed income statements with the city. Their median gross income was $52.08 per square foot, and the middle half collected between $38.22 and $74.58. The typical property's income was up 1% on 2023. The city publishes these figures by borough, not by neighborhood, so they cover Manhattan as a whole.
Gross income per square foot, 2024
Manhattan office buildings
- Median gross income
- $52.08/SF
- Middle half
- $38.22 to $74.58
- Typical change on 2023
- +1%
- Citywide median
- $39.05/SF
- Filings
- 1,506
Turn a price per square foot into monthly rentWhat tenants pay on top of rent
Source: NYC Department of Finance, FY 2027 RPIE 2024 Income and Expense Distributions (FY 2027 assessment roll, published January 2026), page 8. Owners of income-producing properties file a Real Property Income and Expense statement each year; gross income is everything a property collected in 2024 per square foot, as filed, with outlier and partial-year filers left out. It includes vacant space, concessions and older leases, so it is not an asking rent.
NYC tax lot records
Office buildings in Grand Central
What already stands here, from the city's own property data. Useful for sizing a search before a single space is listed.
- Office space
- 32.2M SF
- Properties with office space
- 129
- All commercial space
- 35.0M SF
- Built before 1940
- 75%
Largest office buildings
All 83 large commercial buildings in Grand CentralAge, height and zoning
- Median year built: 1926.
- Median height: 12 floors.
- Most common zoning districts: C5-3 (102), C5-2.5 (49), R8B (15).
- 14 lots are designated city landmarks.
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16. Counts cover tax lots with commercial floor area within about 0.4 mi of Grand Central's commercial core, and each lot counts toward one neighborhood only, so boundaries are approximate. Building figures are the city's floor-area estimates, not available space.
MTA station data
Subway stations in Grand Central
Every station within about 0.5 mi of Grand Central's commercial core, closest first. Stations joined by a free transfer count once.
- Stations
- 4
- Subway lines
- 10
- Fully accessible
- 3 of 4
- Closest
- Grand Central-42 St, 1 min walk
The 4 stations
- Grand Central-42 St
- 5 Av
- 51 St
- 47-50 Sts-Rockefeller Ctr
Lines
The 4, 5, 6, 7, B, D, E, F, M and S trains stop within about 0.5 mi of Grand Central's core.
Step-free access
- Grand Central-42 St (4 5 6 7 S) is fully accessible.
- 51 St (6) is fully accessible.
- 47-50 Sts-Rockefeller Ctr (B D F M) is fully accessible.
Source: Metropolitan Transportation Authority, MTA Subway Stations, pulled 2026-10-16. Walking times are straight-line estimates from the nearest point of Grand Central's commercial core (the same area as the building counts), so the street route is longer. Accessibility is the MTA's rating for the named station. PATH, LIRR, Metro-North and ferries are not in this data.
NYC Department of Buildings permits
Office build-outs in Grand Central
In the 12 months to October 2026, the Department of Buildings issued first permits for 290 interior build-outs in 60 of the 83 office buildings Leasemark tracks in Grand Central, with work permitted on 432 floors in all. Their filed cost estimates add up to about $979 million.
Most build-outs, last 12 months
- 72% of the office buildings tracked here had a build-out, against 63% across Manhattan.
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A build-out groups interior jobs (construction, mechanical, plumbing, sprinklers and the like) on the same floors first permitted within 120 days of each other, dated by its first permit. Only the large buildings Leasemark tracks count (35,000 SF and up), not every permit in the neighborhood. Costs are the estimates filed with the jobs. A permit does not say who the work is for.
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
How much office space do you need per employee in 2026
About 150 to 260 rentable SF per employee in NYC when everyone comes in, less with shared desks: tables by team size and layout, then how to size from your busiest day.
- Free calculator
Office space calculator
How many square feet your team needs, from headcount and layout to a rentable range.
- Free calculator
Commercial rent calculator
Turn a price per square foot into monthly and yearly rent, with increases, free rent and net effective rent.
- Free calculator
TI allowance calculator
A landlord's build-out allowance in dollars, what it covers of your budget and what the rest adds to the rent.
- Free calculator
Commercial Rent Tax calculator
Whether a Manhattan lease owes the city's Commercial Rent Tax, and roughly how much a year.
Questions about office space in Grand Central
Is there office space for lease in Grand Central right now?
No office space for lease in Grand Central is listed on Leasemark right now. Post what you need and Leasemark matches you the day a space that fits is listed; your contact details stay private until you accept an intro. Owners and brokers can list a space here for free.
How much does office space cost in Grand Central?
Leasemark has no asking rents posted here yet, so here are the city's own numbers. Office buildings in Manhattan collected a median $52.08 per square foot in 2024, and the middle half between $38.22 and $74.58, according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,506 filings). The city publishes these figures by borough, so this is Manhattan as a whole, not Grand Central alone. That is what buildings actually collected, with vacant space, concessions and leases signed years ago in the mix, so it is a baseline rather than a quote: a specific space's price depends on the building's class, floor, condition and the length of the lease.
How do I find office space in Grand Central that is not publicly listed?
Post a requirement on Leasemark. Owners and listing brokers see what you need (without your contact details) and can respond with spaces, including ones that are not on the market yet. You choose who gets an intro.
How much office space is there in Grand Central?
New York City's PLUTO tax lot data (26v2) records about 32.2 million square feet of office floor area across 129 properties in the part of Grand Central Leasemark covers. The largest by that measure is 51 East 42nd Street, at about 1.6 million square feet. That is the existing building stock, not space currently for lease.
What subway lines serve Grand Central?
Four subway stations sit within about 0.5 mi of Grand Central's commercial core, served by the 4, 5, 6, 7, B, D, E, F, M and S trains. The closest is Grand Central-42 St (4 5 6 7 S), roughly 1 minute on foot; then 5 Av (7 B D F M), 51 St (6 E F) and 47-50 Sts-Rockefeller Ctr (B D F M). Walking times are straight-line estimates from MTA station data.
Are offices being built out in Grand Central?
In the 12 months to October 2026, the Department of Buildings issued first permits for 290 interior build-outs in 60 of the 83 office buildings Leasemark tracks in Grand Central, with work permitted on 432 floors in all. Their filed cost estimates add up to about $979 million. The most were at 383 Madison Avenue (28 build-outs). A build-out here is interior work on the same floors (construction, mechanical, plumbing, sprinklers and the like) first permitted within 120 days. New interior work usually follows a lease, so it is a rough sign of where tenants are moving in, but a permit does not say who the work is for.
Do tenants in Grand Central pay the NYC Commercial Rent Tax?
Yes, for larger leases. Grand Central is in Manhattan below 96th Street, where the city's Commercial Rent Tax applies. A tenant owes it only when base rent for the space is $250,000 a year or more. The tax is 6% of base rent after a 35% reduction, so 3.9% of rent, with a sliding credit between $250,000 and $300,000, and the Small Business Tax Credit wipes it out for businesses with total income of $5 million or less and base rent under $500,000.
Is it free to post on Leasemark?
Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.