New York City, November 14, 2025
Gerson Lehrman Group has significantly expanded its office presence at One Grand Central Place, now occupying 95,612 square feet across two floors. This move demonstrates the resilience of New York’s business landscape, as GLG grows from its previous space of 64,361 square feet since 2013. The strategic location near Grand Central Terminal enhances accessibility and workplace amenities, signaling a strong demand for quality office environments in Midtown Manhattan.
Gerson Lehrman Group Expands Its Office Space in Midtown Manhattan
Firm bolsters presence at One Grand Central Place with significant expansion.
New York City is witnessing a buoyant trend in office space commitments, and Gerson Lehrman Group (GLG) is at the forefront of this movement. The company has recently expanded its office space at One Grand Central Place, now occupying a total of 95,612 square feet across two full floors harboring views of Vanderbilt Plaza. This growth not only reflects the company’s success but also underscores the resilience of New York’s business environment.
GLG’s expansion comes on the heels of a renewal of 77,382 square feet earlier this year, marking a substantial increase from its initial occupancy of 64,361 square feet since moving in back in 2013. Such development illustrates the importance of strategic location and modern amenities in attracting top tenants to New York City, particularly in the hearty Midtown Manhattan neighborhood.
Strategic Location and Modern Amenities
One Grand Central Place, located at 60 East 42nd Street, boasts a prime location adjacent to the iconic Grand Central Terminal. This site facilitates effortless commuting with access to commuter trains, five subway lines, and the Long Island Rail Road (LIRR). The building is equipped with modernized office spaces designed to meet the needs of today’s businesses, enhancing the overall work experience for employees.
Market Insights and Economic Context
Although the asking rent for GLG’s expansion has not been disclosed, the average asking rent for Midtown office space was $83.17 per square foot in the third quarter of 2025, as reported by CBRE. This indicates a robust market for office tenants and highlights the ongoing demand for well-situated and amenity-rich office environments. As more businesses choose to renew and expand their presence, especially in key locations, it spurs economic growth and job creation across sectors.
GLG’s Position in the Consulting Sector
As the world’s largest expert network, GLG connects clients with a diverse array of over 1,000,000 freelance consultants from various sectors such as business, science, and academia. This expansive network positions GLG as a leader in the financial and global information services consulting space, catering to clients in need of expert insights and advice.
Other Tenants and Community Implications
GLG is not alone at One Grand Central Place, where it shares the building with esteemed entities such as Haver Analytics and the renowned Japanese omakase restaurant Sora. The integration of diverse businesses within this building adds vibrancy to the local neighborhood, enhancing the appeal for both professionals and visitors and reinforcing Midtown’s status as a business hub.
A Growing Business Ecosystem
The expansion of firms like GLG is a testament to the entrepreneurial spirit that fuels New York’s economy. When businesses flourish, the broader community benefits as they create jobs and stimulate local spending, contributing to a healthier economy. This cycle can be enhanced further with policies that encourage small business growth and reduce unnecessary regulatory burdens, fostering an environment where innovation can thrive.
Conclusion
Gerson Lehrman Group’s expansion at One Grand Central Place is not just a win for the company but a positive indicator of New York’s commercial real estate landscape. As businesses grow and adapt, they bolster the economy and contribute to a dynamic city life. Supporting local businesses and advocating for a prosperous economic environment is essential for the continued vibrancy of New York’s neighborhoods. Readers are encouraged to stay engaged with and support local initiatives to promote economic growth.
Frequently Asked Questions (FAQ)
What is the total office space GLG now occupies at One Grand Central Place?
GLG now occupies a total of 95,612 square feet at One Grand Central Place, including the recent expansion of 18,230 square feet to their previously renewed 77,382 square feet.
When did GLG first move into One Grand Central Place?
GLG first moved into One Grand Central Place in 2013, initially occupying 64,361 square feet.
What amenities does One Grand Central Place offer?
One Grand Central Place offers modernized office space with amenities and is conveniently located near Grand Central Terminal, providing access to commuter trains, five subway lines, and the Long Island Rail Road (LIRR).
Who are some other tenants in One Grand Central Place?
Other tenants in the building include global data platform Haver Analytics and Japanese omakase restaurant Sora.
What is GLG’s primary business focus?
GLG is a financial and global information services consulting company headquartered in New York City. It is the world’s largest expert network, connecting clients with a global network of over 1,000,000 freelance consultants across various sectors, including business leaders, scientists, and academics.
Key Features of GLG’s Expansion at One Grand Central Place
| Feature | Details |
|---|---|
| Total Office Space | 95,612 square feet |
| Recent Expansion | 18,230 square feet |
| Previous Renewal | 77,382 square feet |
| Initial Occupancy | 64,361 square feet in 2013 |
| Building Location | 60 East 42nd Street, Midtown Manhattan |
| Building Amenities | Modernized office space, proximity to Grand Central Terminal, access to commuter trains, five subway lines, and the LIRR |
| Other Tenants | Haver Analytics, Sora |
| GLG’s Industry | Financial and global information services consulting |
| GLG’s Network | Over 1,000,000 freelance consultants across various sectors |
Now Happening on X
- @NYBizJournal (November 14, 2025): Gerson Lehrman Group is growing its presence in a landmark Midtown Manhattan office tower, bringing its total footprint to nearly 96,000 square feet after signing a new expansion lease. View on X
- @NYBizJournal (November 13, 2025): Gerson Lehrman Group is expanding its office space in a Midtown Manhattan tower to nearly 96,000 square feet with a new lease. View on X
- @Lycanbull (November 12, 2025): ESRT reports Gerson Lehrman Group expanding by 18,230 square feet at One Grand Central Place, totaling 95,612 square feet. View on X
- @NewsFromBW (November 13, 2025): Gerson Lehrman Group is set to expand 18,230 square feet at One Grand Central Place, reaching a total of 95,612 square feet. View on X
- @commobserver (November 13, 2025): Gerson Lehrman Group expands its lease to 96,000 square feet at One Grand Central Place in Midtown Manhattan. View on X
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