Office Space Near Grand Central: Pricing and the Buildings Everyone Asks About [2026]

Grand Central is New York’s commuter-office capital — Metro-North upstairs, four subway lines downstairs, and more office inventory per block than anywhere in the country. It’s also the submarket our tenants ask about most, usually by building name. Here’s the current picture.

What Grand Central offices cost

The median serviced office around Grand Central runs $650 per person per month — notably below Midtown East as a whole ($725) and well below the Plaza District ($1,000). For a team of ten, that’s roughly $6,500/month, furnished and wired, against seven-figure five-year commitments two avenues west.

The buildings tenants ask us about, by name

One Vanderbilt Avenue. The trophy of the district — and yes, full floors do come available (as of this writing, an entire 73rd floor at 9,871 SF is on the market). Expect trophy pricing; expect a line.

125 Park Avenue. Directly across from the terminal, a full-service center with one of the widest amenity sets in Midtown — the kind of building that comfortably fits teams of 15+.

60 East 42nd Street (The Lincoln Building). A classic pre-war with serviced suites — premium pricing, unbeatable address.

315 & 340 Madison Avenue, 370 & 405 & 420 & 450 Lexington Avenue. The workhorse cluster: partial floors, sublets, and serviced suites trading constantly, from ~$489/person at 405 Lexington to ~$700/person at 420 Lexington and 315 Madison.

Who Grand Central fits

Teams with Westchester/Connecticut commuters, client-facing firms that live on trains, and anyone who wants Midtown convenience without Plaza District pricing. If your team skews Brooklyn, look downtown instead — Brooklyn’s median is $500/person.

Browse every available Grand Central space — ask about any building above and a SquareFoot specialist confirms current availability and pricing with the operator, free.

Related reading

• NYC office pricing by neighborhood
• Private office space in NYC: 2026 prices