Office Space Price Index — October 2026
Median private-office pricing for New York City, Miami, Los Angeles, Atlanta, Houston in October 2026, computed from live SquareFoot inventory, with month-over-month movement.
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.
Live listings in Grand Central right now
Value pickPark Avenue$489/desk/moView this space →Typical353 Lexington Avenue$650/desk/moView this space →Premium90 Park Avenue$1,000/desk/moView this space →
Asking prices from operators, updated as inventory changes. See all New York listings →
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.
Grand Central serviced offices on the market right now
Per person per month, furnished and wired, from the priced listings on flex.squarefoot.com in September 2026. Prices are the operator’s entry point for each building; the exact office sets the final number.
| Building | From, per person | Type |
|---|---|---|
| 260 Madison Avenue | $449 | Flexible workspace |
| 666 Third Avenue | $450 | Serviced office |
| 230 Park Avenue (Helmsley Building) | $549 | Flexible workspace |
| 211 East 43rd Street | $595 | Flexible workspace |
| 405 Lexington Avenue (Chrysler Building) | $629 | Flexible workspace |
| 353 Lexington Avenue | $650 | Serviced office |
| 420 Lexington Avenue (Graybar Building) | $700 | Flexible workspace |
| 445 Park Avenue | $829 | Flexible workspace |
| 369 Lexington Avenue | $850 | Flexible workspace |
| 90 Park Avenue | $1,000 | Flexible workspace |
| 450 Lexington Avenue | $1,110 | Serviced office |
| 60 East 42nd Street (Lincoln Building) | $2,500 | Flexible workspace |
Grand Central against the neighbors
The district’s $650 median sits in the middle of Midtown. Bryant Park, one avenue west, is $599, with 1120 Avenue of the Americas at $349 the cheapest priced office in the area. Murray Hill, ten blocks south, is the value play at a $400 median, with 600 Third Avenue at $389 and 460 Park Avenue South at $525. Midtown East proper, north of 47th Street, is $725, with 295 Madison at $450 the entry and 485 Madison at $1,400 the top. The pattern is simple: the closer to the terminal and the newer the building, the higher the number, and a ten-minute walk in any direction saves $100 to $250 a person.
The commute math that makes Grand Central worth it
Grand Central is the one Manhattan office address that a Westchester or Connecticut commuter can reach without a subway transfer, and the 4, 5, 6, 7 and S lines put the rest of the city within twenty minutes. For a team that lives north and east, that is worth the premium over Murray Hill. For a team that lives in Brooklyn or New Jersey, it is not, and Brooklyn at a $500 median or the Financial District at $650 will serve them better. The small office guide has the same numbers by team size, and the private office pricing guide covers what the listed price does and does not include.
Related NYC reading: private office space in NYC · NYC office pricing by neighborhood.
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