31 Penn Plaza - Office Space Availability

For Lease$68/Sqft/Year See below for details.

132 West 31st Street, New York, NY 10001

  • Office
  • General Office
  • 79,020 Sqft

31 Penn Plaza, New York, NY 10001 - Office Space for rent

31 Penn Plaza is located at 132 West 31st Street in the Chelsea neighborhood, NY, New York, 10001. The Class B Office building was completed in 1925 and features a total of 431,926 Sqft. There are 4 Office spaces available for lease at 132 West 31st Street, New York, NY, 10001, totaling 79,020 Sqft. The largest space available has 24,205 Sqft and a rental rate of $68/Sqft/Year.

There are 588 office spaces for lease in the Chelsea neighborhood, totaling 6,472,079 Sqft of available office space. The office space availability for the 10001 zip code is 11,694,907 Sqft, in 835 office spaces. The average asking office rent per sq. ft. in Chelsea is $51.72/sqft/year. For Class A office buildings the average office rate is $33.33/sqft/year, for Class B office buildings the average office rate is $54.43/sqft/year, for Class C office buildings the average office rate is $53.42/sqft/year.

In Chelsea, there are 130 class B office buildings. In Chelsea, there are a total of 9 LEED certified office buildings. In 1925, the same year 31 Penn Plaza was built, 664 more commercial properties (office, industrial, retail) over 50,000 square feet were built in New York, featuring 8,488,616 square feet of commercial space. At zip code level, there are 191 commercial properties, of which 182 are office buildings over 50,000 square feet.

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Details

  • Price $68/Sqft/Year
  • City New York
  • Neighborhood Chelsea
  • Zip Code 10001
  • Market Manhattan
  • Property Type Office - General Office
  • Property Size 431,926 Sqft
  • Lot Size 0.53 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1925
  • Date Updated 10 Nov, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

Availability

Suite Name Space Type Lease Rate Space Available
12th Floor General Office $68/Sqft/Year 24,205 Sqft
  • Suite 12th Floor
  • Space Type General Office
  • Total Space Available 24,205 Sqft
  • Floor From 12 To 12
  • Divisible Space No
  • Min Divisible 24,205 Sqft
  • Max Contiguous 24,205 Sqft
  • Lease Rate $68/Sqft/Year
  • Possession Type Immediate
  • Lease Type Modified Gross
  • Lease Term From 10 To 15 Years
  • Call For Terms No
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Kyle Young Is this you?

Jones Lang LaSalle

(212) 812-6544

Matthew R. Astrachan Is this you?

Jones Lang LaSalle

(212) 812-6438

Mitchell L. Konsker Is this you?

Jones Lang LaSalle

(212) 812-5766

14th Floor General Office Contact for pricing 22,997 Sqft
  • Suite 14th Floor
  • Space Type General Office
  • Total Space Available 22,997 Sqft
  • Floor From 14 To 14
  • Divisible Space No
  • Min Divisible 22,997 Sqft
  • Max Contiguous 22,997 Sqft
  • Lease Rate Contact for pricing
  • Possession Type Immediate
  • Call For Terms Yes
  • Sub Lease Yes
  • Sub Lease Expiry Monday, September 29, 2025

Furnished suite.

Exclusive Brokers

Brian G. Goldman Is this you?

Newmark

(212) 372-2192

Douglas Levine Is this you?

Newmark

(212) 372-2438

Matthew Lorberbaum Is this you?

Newmark

(212) 372-2429

15th Floor General Office $68/Sqft/Year 23,000 Sqft
  • Suite 15th Floor
  • Space Type General Office
  • Total Space Available 23,000 Sqft
  • Floor From 15 To 15
  • Divisible Space No
  • Min Divisible 23,000 Sqft
  • Max Contiguous 23,000 Sqft
  • Lease Rate $68/Sqft/Year
  • Possession Type Immediate
  • Lease Type Modified Gross
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Exclusive Brokers

Kyle Young Is this you?

Jones Lang LaSalle

(212) 812-6544

Mitchell L. Konsker Is this you?

Jones Lang LaSalle

(212) 812-5766

Matthew R. Astrachan Is this you?

Jones Lang LaSalle

(212) 812-6438

13th Floor # Not Known General Office Contact for pricing 8,818 Sqft
  • Suite 13th Floor # Not Known
  • Space Type General Office
  • Total Space Available 8,818 Sqft
  • Floor From 13 To 13
  • Divisible Space No
  • Min Divisible 8,818 Sqft
  • Max Contiguous 8,818 Sqft
  • Lease Rate Contact for pricing
  • Possession Type Immediate
  • Call For Terms Yes
  • Renewal Option No
  • Sub Lease Yes
  • Sub Lease Expiry Sunday, November 30, 2025

Exclusive Brokers

Paul Myers Is this you?

CBRE

(212) 984-8236

Reeves McCall Is this you?

CBRE

(212) 984-7103

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at 31 Penn Plaza?

There are currently 4 office spaces in this building.

What is the largest space available at 31 Penn Plaza?

Currently, the largest rentable space at 31 Penn Plaza totals 24,205 square feet.

What is the lease rate of the largest space available?

The monthly lease rate for the largest space available at 31 Penn Plaza is $68/Sqft/Year$ per square foot.

What is the total square footage of 31 Penn Plaza?

31 Penn Plaza totals 431,926 square feet.

When was this property built?

31 Penn Plaza was built in 1925.

Chelsea Demographics

The average household income in zip code 10001 is $160,296, from a total of 12,997 households. In terms of employment, there are 94.31 % white-collar and 5.69 % blue-collar jobs in zip code 10001.

Population

  • Total Population48,108
  • Male Population(51.0 %) 24,544
  • Female Population(49.0 %) 23,564
  • Median Age39.00

Income/Financial

  • Average Household Income$177,929
  • Median Household Income$115,556
  • Median Income Under 25$60,836
  • Median Income 25-44$160,274
  • Median Income 45-64$112,402
  • Median Income Over 65$61,750

Leasing Contacts Register now to add listings

Kyle Young Is this you?

Jones Lang LaSalle

(212) 812-6544

Matthew R. Astrachan Is this you?

Jones Lang LaSalle

(212) 812-6438

Mitchell L. Konsker Is this you?

Jones Lang LaSalle

(212) 812-5766