Grand Central Station is one of the busiest transportation hubs in New York City. During an average day over 750,000 commuters, tourists, travelers, and New Yorkers make their way through Grand Central Station. And when it comes to lunch time Grand Central Station is actually a very hot lunch spot as well with around 10,000 people visiting Grand Central every day to have lunch.
It’s no surprise that with this type of incredibly heavy foot traffic that Grand Central Station is a prime destination for New York City retail tenants. Both in Grand Central Station and outside the station on the surrounding streets there is a very busy, bustling, and robust retail market. Apple, Banana Republic, Warby Parker, Rite Aid, and Swatch are just some of the many prominent national retailers with stores inside Grand Central Station. And if you’re looking for a great place to eat inside the terminal then you’ll have an amazing array of incredible restaurants to choose from starting with the famed iconic Grand Central Oyster Bar & Restaurant to Cipriani Dolce to Michael Jordan’s Steakhouse to Shake Shack. You’ll never run out of places to shop or eat in Grand Central Station.
And outside of Grand Central Station you’ll also find many highly coveted retail blocks as well. Fifth Ave, 42nd Street, Madison Ave, and Lexington Ave are all prime Manhattan retail blocks known for high rents, heavy foot traffic, and major national retail tenants. Grand Central’s retail and restaurant scene make Grand Central one of the most exciting and dynamic retail markets in New York City. Whether you’re inside the terminal or outside the terminal on one of the surrounding blocks the opportunities for retail stores, bars, and restaurants are endless.
Corbett & Dullea has their finger on the pulse of Grand Central’s retail scene. Whether you’re a tenant looking for retail space or a landlord interested in leasing your Grand Central Central retail store, Corbett & Dullea can help you achieve your Grand Central Station retail space goals. Call us at (212) 203-5338 or email us at commercial@cdrenyc.com for help with finding or leasing retail space in or around Grand Central Station.
FAQ (Frequently Asked Questions)
Grand Central Station took 10 years to build and opened in 1913.
Grand Central Station has 88 retail tenants that can be broken down into the following retail sub-categories.
31 Bars, Restaurants, and Coffee Shops / Cafes
20 Food Markets
29 Retail Stores
8 Service Providers
The average asking rent for retail space inside Grand Central Station is $150 per square foot.