The area around the commuter rail terminal has two of the best features firms of all sizes and specialties are looking for: location and means of transport to many points in the northern parts of New York metro. Startups and small businesses especially, such as medical facilities, law firms, tech companies and creatives, have a hard time finding office space to fit their needs, which don’t require too much square footage, in the heart of Manhattan. To lend a helping hand, we’ve selected five office spaces near Grand Central Station that cater to the needs of small businesses, each with a footprint below 1,000 square feet.
Check them out below, in no particular order, and contact our brokers for more information:
1. Highly Efficient Office Space on Madison Avenue
Near Grand Central Station, in the 24-story office property built in 1929 at 485 Madison Ave., there is a 750-square-foot double-corner unit available on the ninth floor. For $3,688 per month or $59 per square foot, this two-windowed space also includes a reception area. The landlord will accept not just dental or medical tenants, but also those in search of any traditional office use. This highly efficient space features carpet and central HVAC in a building that features a lobby and common areas in mint condition, and is attended Monday through Saturday.
The unit is immediately available with a 3- to 7-year lease term.
2. Medical-Friendly Office Near Grand Central Station
Ideal for various medical practitioners including psychologists, therapists, social workers or psychiatrists, this 544-square-foot space can be used as general office, as well. Located on the 14th floor of the Class B office building at 29 East 40th St., a block away from Bryant Park, it boasts recently renovated common areas and corridors, a 24/7 attended lobby and central HVAC. The unit is available immediately for a lease term ranging from 3 to 10 years and its asking price is $3,037 per month, or $67 per square foot.
3. Small Office Sublease on East 45th Street
Just two blocks from Grand Central, MetLife and the Chrysler Building, in a Class A office building at 228 East 45th St. between Third and Second avenues, this 200-square-foot space is divided as follows: a large office, which at approximately 10\’ x 12\’ can easily accommodate an executive office or a group of up to four people, and a smaller one of roughly 7-1/2\’ x 11\’ with built-in cabinets, just enough for one person, or two working side by side. Both offices are newly renovated and feature windows, a shared fax machine and postage meter, and can be leased furnished or empty. In addition, in the shared office there is also a spacious desk area available, with built-ins and cabinets above and below.
The offer grants unlimited free access to a conference room and kitchen, signage in an electronic lobby directory and front door of the office suite. High-speed internet/wi-fi and custom Nortell phone hook-ups are also installed on the premises. The building features a new marble lobby with excellent 24/7 security and high-speed elevators.
The larger space goes for $1,475, the smaller one for $1,250, and the desk space for $550. All three are available immediately with year-to-year or shorter lease terms, negotiable on more than one spot.
4. Upscale Office Building on Madison Avenue
This office space totals 825 square feet on the ninth floor of the 15-story Class B office building located at 420 Madison Ave. It consists of a large open area and two windowed offices facing the courtyard. The landlord accepts dental or medical use, as well as traditional office tenants. This beautiful property, designed by Dennison & Hirons and completed in 1927, features a well maintained lobby and common areas, and is attended Monday through Saturday.
The unit’s asking price is $3,369 or $49 per square foot and is available right away.
5. Corner Unit Office Space on Fifth Avenue
In the heart of Midtown Manhattan, just steps away from Bryant Park, the New York Public Library and the Grand Central Station, there’s a rare open-ceiling loft space with 12-foot high ceilings on the 18th floor of the Class B office building at 501 Fifth Ave. It totals 961 square feet, has carpet throughout, and faces North toward 42nd Street, and East, which makes it very bright. The building’s lobby is attended 24/7 and has been recently upgraded, at the same time with the common areas.
The asking price for the space is $4,565 per month or $57 per square foot and annual escalations are based on CPI plus tenant-proportionate share of annual real estate tax increases. The landlord, which has offices in the building, is seeking a 3- to 5-year lease term and the space is available immediately.
Are you thinking of setting up your business in a convenient location in Manhattan, and are looking to lease space in a modern building offering state-of-the-art amenities? Then reach out to us and we will show you worthwhile space situated right in the heart of New York City. To learn about available office space, call Metro Manhattan Office Space at (212) 444-2241 or email us at [email protected]