Retail space for lease in Grand Central

No retail 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.

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Leasemark has no asking rents posted here yet, so here are the city's own numbers. Retail buildings in Manhattan collected a median $64.71 per square foot in 2024, and the middle half between $38.35 and $104.91, according to the income and expense statements owners file with the NYC Department of Finance (FY 2027 distributions, 1,328 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.

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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.

New York City's PLUTO tax lot data (26v2) records about 1.8 million square feet of retail floor area across 156 properties in the part of Grand Central Leasemark covers. The largest by that measure is 150 East 45th Street, at about 34,000 square feet. That is the existing building stock, not space currently for lease.

Owners registered 431 ground- and second-floor storefronts in the part of Grand Central Leasemark covers for the end of 2025, and 85 of them (19.7%) stood vacant on December 31, 2025, against 9.2% citywide and 19.2% here a year earlier. The most storefronts are on Park Avenue (66) and Madison Avenue (60). A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

Owners of 27 of the 63 large buildings Leasemark tracks in Grand Central with registered storefronts reported at least one vacant on December 31, 2025, 16 of them at 3 or more year ends in a row. The most vacant: Chrysler Building, 395 Lexington Avenue (8 of 11 storefronts), 237 Park Avenue (5 of 13 storefronts) and 245 Park Avenue (3 of 5 storefronts). Each building's page shows its filings by year. A vacant storefront is not always on the market: some are being renovated, held empty or already leased to a tenant who has not moved in.

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.

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.

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Yes. Posting a space or a requirement is free. Contact details are only shared when both sides accept an intro.