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Rent/Lease Office 132 W 31st St

$ / SF / Yr SF Monthly Rent
Negotiable
Negotiable

Nearby Sublease office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Bryant Park & Sixth Avenue $ 60
14,000
$ 70,000
Penn Plaza & West 33rd Street $ 41.5
29,000
$ 100,291
Broadway & West 36th Street $ 48
11,700
$ 46,800
Address $ / SF / Yr SF Monthly Rent
Broadway & West 36th Street $ 55.5
3,200
$ 14,800
Broadway & West 41st Street $ 56.5
4,700
$ 22,129
Fifth Ave & West 33rd Street $ 71
4,300
$ 25,441
Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 55
2,200
$ 10,083
Address $ / SF / Yr SF Monthly Rent
W 40th St & Seventh Avenue $ 38
15,100
$ 47,816
W 37th St & Avenue of the Americas $ 34.5
10,200
$ 29,325
W 37th St & Sixth Avenue $ 33.5
11,400
$ 31,825
Broadway & West 37th Street $ 42
11,100
$ 38,850
Ninth Ave & West 34th Street $ 35
24,600
$ 71,750
Seventh Ave & West 38th Street $ 38
7,700
$ 24,383
Address $ / SF / Yr SF Monthly Rent
6th Ave & Between Broadway $ 47
4,400
$ 17,233
Seventh Ave & West 38th Street $ 45
5,200
$ 19,500
W 37th St & Between Fifth Avenue $ 50
3,200
$ 13,333
W 37th St & Sixth Avenue $ 35
3,500
$ 10,208
Address $ / SF / Yr SF Monthly Rent
Fifth Ave & East 35th Street $ 40
2,100
$ 7,000
Seventh Ave & West 38th Street $ 45
2,400
$ 9,000
Penn Plaza & Eighth Avenue $ 40
1,800
$ 6,000
Tenth Ave & West 37th Street $ 46.5
2,200
$ 8,525
W 36th St & Between Eighth Avenue $ 38
1,600
$ 5,066
Address $ / SF / Yr SF Monthly Rent
W 37th St & Seventh Avenue $ 30
7,300
$ 18,250
W 36th St & Eighth Avenue $ 33
7,800
$ 21,450
W 30th St & Fifth Avenue $ 30
7,100
$ 17,750
Address $ / SF / Yr SF Monthly Rent
Broadway & West 32nd Street $ 46.28
3,500
$ 13,498
W 37th St & Ninth Avenue $ 40
4,500
$ 15,000
W 39th St & Avenue of the Americas $ 35
4,200
$ 12,250
W 30th St & Fifth Avenue $ 33
5,000
$ 13,750
Penn Plaza & West 30th Street $ 48
2,500
$ 10,000
W 36th St & Eighth Avenue $ 35.5
6,000
$ 17,750
W 35th St & Seventh Avenue $ 35.5
5,300
$ 15,679
W 38th St & Eighth Avenue $ 35
4,400
$ 12,833
Address $ / SF / Yr SF Monthly Rent
Penn Plaza & West 30th Street $ 47
2,000
$ 7,833
W 36th St & Eighth Avenue $ 49
2,400
$ 9,800
Type of Space Class A/month Class B/month Class C/month
Windowed office/person
Interior office/person
Team Rooms
Suites

Nearby office Spaces for Rent

Address $ / SF / Yr SF Monthly Rent
Broadway & West 39th Street $ 59
10,900
$ 53,591
Bryant Park & Avenue of the Americas $ 99
7,400
$ 61,050
1 Plz & West 33rd Street $ 105
19,100
$ 167,125
Broadway & West 41st Street $ 70.5
13,200
$ 77,550
Fifth Ave & West 38th Street $ 56.5
17,600
$ 82,866
Ninth Ave & Between Dyer Avenue $ 128.5
9,400
$ 100,658
Address $ / SF / Yr SF Monthly Rent
Broadway & West 41st Street $ 55
2,800
$ 12,833
1 Plz & West 33rd Street $ 105
3,200
$ 28,000
W 34th St & Between Seventh Avenue $ 70
4,700
$ 27,416
Broadway & West 36th Street $ 65.5
4,600
$ 25,108
2 & West 31st Street $ 140.5
5,300
$ 62,054
W 40th St & Avenue of the Americas $ 73
2,900
$ 17,641
Fifth Ave & West 38th Street $ 61
3,800
$ 19,316
W 38th St & Avenue of the Americas $ 56
3,500
$ 16,333
W 37th St & Between Fifth Avenue $ 62.5
3,200
$ 16,666
Broadway & West 37th Street $ 67.5
5,500
$ 30,937
Address $ / SF / Yr SF Monthly Rent
1 Plz & West 33rd Street $ 98
2,400
$ 19,600
Broadway & West 37th Street $ 67.5
2,300
$ 12,937
Address $ / SF / Yr SF Monthly Rent
6th Ave & Between Broadway $ 59
7,600
$ 37,366
Broadway & West 39th Street $ 52
21,400
$ 92,733
W 39th St & Avenue of the Americas $ 49
7,800
$ 31,850
Broadway & West 38th Street $ 54
9,500
$ 42,750
W 39th St & Eighth Avenue $ 40.5
9,300
$ 31,387
7th Ave & Between Seventh Avenue $ 55.5
7,800
$ 36,075
Seventh Ave & West 35th Street $ 46.5
10,000
$ 38,750
Eighth Ave & West 36th Street $ 40.5
7,500
$ 25,312
Eighth Ave & Between Eighth Avenue $ 40
7,900
$ 26,333
W 36th St & Avenue of the Americas $ 44
10,000
$ 36,666
Broadway & West 32nd Street $ 44
9,800
$ 35,933
W 38th St & Fifth Avenue $ 62
7,500
$ 38,750
Fifth Ave & West 34th Street $ 49
7,400
$ 30,216
Tenth Ave & West 37th Street $ 49.5
7,900
$ 32,587
W 33rd St & Fifth Avenue $ 40.5
7,100
$ 23,962
W 34th St & Fifth Avenue $ 31
7,300
$ 18,858
Address $ / SF / Yr SF Monthly Rent
W 39th St & Ninth Avenue $ 39
3,500
$ 11,375
Broadway & West 38th Street $ 49
2,800
$ 11,433
W 39th St & Eighth Avenue $ 35
3,000
$ 8,750
Seventh Ave & West 38th Street $ 52
3,100
$ 13,433
Broadway & West 39th Street $ 52
3,000
$ 13,000
Eighth Ave & Between Eighth Avenue $ 38
2,700
$ 8,550
Eighth Ave & West 35th Street $ 35
3,200
$ 9,333
Eighth Ave & West 36th Street $ 38
2,700
$ 8,550
W 42nd St & Broadway $ 64
2,500
$ 13,333
Address $ / SF / Yr SF Monthly Rent
6th Ave & Between Broadway $ 58
1,900
$ 9,183
Broadway & West 39th Street $ 52
1,700
$ 7,366
W 36th St & Eighth Avenue $ 35
1,600
$ 4,666
W 38th St & Fifth Avenue $ 35
2,200
$ 6,416
Seventh Ave & West 40th Street $ 54
1,500
$ 6,750
Eighth Ave & West 35th Street $ 35
1,700
$ 4,958
W 39th St & Ninth Avenue $ 39
1,800
$ 5,850
Eighth Ave & West 37th Street $ 37
1,700
$ 5,241
W 40th St & Avenue of the Americas $ 74
1,600
$ 9,866
Broadway & West 38th Street $ 52
1,900
$ 8,233
W 38th St & Eighth Avenue $ 35
2,000
$ 5,833
W 34th St & Avenue of the Americas $ 45
2,000
$ 7,500
7th Ave & Between Seventh Avenue $ 57
1,600
$ 7,600
Eighth Ave & West 36th Street $ 42
2,200
$ 7,700
Avenue of the Americas & West 31st Street $ 79
2,400
$ 15,800
Address $ / SF / Yr SF Monthly Rent
W 35th St & Seventh Avenue $ 32
8,500
$ 22,666
W 33rd St & Fifth Avenue $ 39
8,100
$ 26,325
W 35th St & Fifth Avenue $ 41.5
8,200
$ 28,358
Eighth Ave & West 36th Street $ 42
16,000
$ 56,000
Eighth Ave & West 39th Street $ 41
11,400
$ 38,950
Broadway & West 31st Street $ 50
7,700
$ 32,083
W 37th St & Eighth Avenue $ 46.5
10,000
$ 38,750
W 35th St & Broadway $ 36.5
7,700
$ 23,420
W 37th St & Avenue of the Americas $ 38.5
7,200
$ 23,100
W 36th St & Eighth Avenue $ 29.5
9,500
$ 23,354
W 36th St & Ninth Avenue $ 36.5
8,500
$ 25,854
Address $ / SF / Yr SF Monthly Rent
W 40th St & Eighth Avenue $ 25
4,000
$ 8,333
Seventh Ave & West 30th Street $ 35
3,800
$ 11,083
W 35th St & Seventh Avenue $ 44
2,900
$ 10,633
W 38th St & Eighth Avenue $ 39
3,500
$ 11,375
Seventh Ave & West 39th Street $ 45
5,800
$ 21,750
W 35th St & Columbus Avenue $ 40
3,000
$ 10,000
Broadway & West 31st Street $ 44.5
2,600
$ 9,641
W 36th St & Between Broadway $ 33
6,000
$ 16,500
W 35th St & Seventh Avenue $ 36.5
4,400
$ 13,383
W 37th St & Ninth Avenue $ 40.39
4,600
$ 15,482
W 38th St & Fifth Avenue $ 39
2,700
$ 8,775
W 39th St & Fifth Avenue $ 43
6,500
$ 23,291
Address $ / SF / Yr SF Monthly Rent
W 38th St & Ninth Avenue $ 32
1,600
$ 4,266
W 30th St & Eighth Avenue $ 28
2,000
$ 4,666
Eighth Ave & West 36th Street $ 38
1,600
$ 5,066
W 39th St & Eighth Avenue $ 37
1,700
$ 5,241
W 35th St & Seventh Avenue $ 35.5
2,300
$ 6,804

Retail Spaces for Rent at 132 W 31st St

Rent Retail 132 W 31st St

$ / SF / Yr SF Monthly Rent
Negotiable
Negotiable
Negotiable

Rent Medical Space at 132 W 31st St

Office Tenants Rented / Leased 132 West 31st Street
  • Westside Electric leased 1,000 SF
  • Accord Contracting leased 1,007 SF
  • TPG Architecture leased 42,000 SF
  • 24/7 Real Media leased 100,000 SF
  • Aramark leased 4,101 SF
  • Facts on File leased 40,670 SF
  • Scientific Application International Corp. leased 50,000 SF
  • 24/7 Real Media leased 25,300 SF
  • NY Organ Donor Network leased 20,000 SF
  • K & M Electrical Contracti… leased 1,500 SF
Nearby Office Tenants Leased
  • Zero Point Zero Productions leased 22,739 SF at 875 Avenue of the Americas
  • Pem America, Inc leased 22,574 SF at 70 West 36th St
  • Terra Bruce Productions leased 21,635 SF at 220 West 42nd St
  • The New Dance Group leased 21,000 SF at 575 Eighth Ave
  • WeWork leased 19,150 SF at 224 West 29th St
  • Broadway Suites LLC leased 16,700 SF at 5 West 37th St
  • F. Schumacher leased 15,936 SF at 875 Sixth Avenue
  • Chest's Community Advis… leased 15,207 SF at 142 West 36th Street
  • Shalom International Corp. leased 15,000 SF at 3 West 35th St
  • One Source Printing & Graphics leased 15,000 SF at 108 West 39th St
Nearby Retail Tenants Leased
  • United Nude leased 2,486 SF at 146 West 29th St
  • Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
  • Market Crates leased 2,300 SF at 224 West 35th Street
  • RadioShack leased 2,000 SF at 1357 Broadway
  • Pret A Manger leased 1,939 SF at One Penn Plaza
  • Baja Fresh leased 1,800 SF at 1441 Broadway
  • Paris Baguette leased 1,800 SF at 575 Eighth Avenue
  • Nanoosh leased 1,700 SF at 469 Seventh Ave
  • Let's Poke leased 1,600 SF at 555 Eighth Avenue
  • Saehan Bank leased 1,548 SF at 875 Sixth Ave
$ / SF SF Monthly Rent
Please notify me when a new space is available
Tenant Broker’s Perspective: Return-to-office mandates are driving up rental prices at 132 West 31st Street. This trend is projected to continue. Opportunities for subleases remain available at 132 West 31st Street and in the nearby Penn Plaza/Garment neighborhood.
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Why Optimal Spaces Tenant Broker

  • Lease negotiation: full terms, renewals, expansion options
  • Cost analysis, inventory identification, negotiating scope
  • Risk mitigation against hidden pitfalls

Cost Savings

  • Negotiate 30+ leasing points to prevent hidden costs
  • Save 10–15% on total leasing costs
  • Save 100–200 hours filtering unviable spaces
  • Property access via broker databases and networks (off-market, subleases, future availability)

Alone or With Other Brokers

  • Managing agents owe fiduciary duty to landlords, seeking maximum price and terms rather than tenant savings.
  • Inherent conflict of interest as most brokers represent landlords
  • Risk of weaker terms and overlooked hidden costs
  • Heavy workload falls on you while best spaces are missed

132 West 31st Street Property Overview

Building Address: 132 W 31st St, New York NY 10001
Building Name: 31 Penn Plaza
Building Alternate Address: 132 W 31st St
Zip Code:10001
Neighborhood:Penn Plaza/Garment
Borough:Manhattan
Stories:18
Year Built:1925
Building Class:B
Block & lot:00806-0058

132 West 31st Street, known as the Greeley Arcade, is a historic commercial office building located in the Chelsea neighborhood of Manhattan, New York City. The building was constructed in 1925 and features 17 stories.

The structure encompasses approximately 384,655 square feet of office and commercial space. Over its long history, the building has played an important role in Manhattan's commercial real estate market. Its current tax assessor’s market value is estimated at over $122 million, reflecting both its size and prime Midtown South location.

In 1989, the building underwent significant alterations, updating and modernizing its facilities. More recently, it has been known as 31 Penn Plaza, after a $40 million capital improvement program that enhanced the building's amenities and infrastructure. These renovations included a modernized lobby, a conference center, a tenant lounge with a café on the sixth floor, and a secure bike room with showers.

The building is ideally situated between Avenue of the Americas and Seventh Avenue, just steps from major transit hubs like Penn Station and notable landmarks such as Madison Square Garden. Its location and recent upgrades have attracted a diverse range of tenants including architecture firms, media agencies, technology companies, and professional services firms.

Notable tenants have included TPG Architecture, which has maintained its headquarters in the building since 2013, occupying over 40,000 square feet. The building's central location and upgraded facilities support modern office demands, contributing to its ongoing appeal in Manhattan's competitive office market.

132 W 31st St, Manhattan, NYC

Known As:

Greeley Arcade

Location:

Situated in the Chelsea neighborhood of Manhattan, New York City, the building lies between 6th Avenue (Avenue of the Americas) and 7th Avenue, near major landmarks including Madison Square Garden and Penn Station.

Building Details:

  • Constructed in 1925
  • 17 stories tall
  • Total area: 384,655 square feet
  • Building Class: Office with Commercial 7-19 Stories (O6/B class)

Accessibility:

The location offers excellent public transportation access with nearby subway stations:

  • 33rd Street
  • 28th Street
  • 34th Street - Penn Station

Subway lines include 1, 2, F, Q, N, R, W, B, D, M trains.

Bus lines nearby include M5, M7, M55, Q32.

Neighborhood:

The area is a vibrant hub for tech, financial, and creative companies, and is close to cultural institutions like the Museum at FIT.

Property Value and Size:

  • Estimated market value: $122,350,000
  • Lot size: approximately 23,050 sq ft

Amenities at 132 W 31st St, Manhattan, NYC

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Air Conditioning
  • Food Service
  • Restaurant
  • Metro/Subway Access
  • Bus Line Access
  • 24/7 Security
  • Bike Storage
  • Communal Lobby Space
  • Lobby Attendant
  • Accessibility Features
  • Catering Services
  • Coffee/Tea Facilities
  • Door with Lock
  • Entry System
  • Filtered Water
  • Furnished Spaces
  • Hosted Reception
  • Kitchen Facilities
  • Mailbox Services
  • Meeting Rooms with Audiovisual Equipment and Wi-Fi
  • Window Views

Office Tenants at 132 W 31st St, Manhattan, NYC

132 W 31st St, also known as the Greeley Arcade, is a 17-story commercial building in Chelsea, Manhattan, featuring approximately 384,655 square feet of office space. The building hosts a diverse range of notable office tenants across various industries, including architecture, media, and professional services.

Selected Office Tenants

  • GroupM
  • Dewberry
  • The NPD Group Inc.
  • Embrace Home Loans
  • Coloredge NYC
  • Chegg, Inc. (12th Floor)
  • H2M Architects & Engineers (6th Floor)
  • Master & Dynamic (7th Floor)

Building Highlights

  • Class B office building built in 1925, with recent renovations
  • Located in the Penn Plaza/Garment district, close to Madison Square Garden and Penn Station
  • Features modernized elevators with destination guidance system
  • 24-hour access and controlled security systems
  • Nearby amenities including restaurants, retail stores, and fitness centers

At 132 W 31st St, Manhattan, NYC, several internet providers are available to serve the building. The area is covered by prominent internet service providers such as:

  • Verizon: Known for its high-speed fiber-optic services.
  • Spectrum: Offers cable and some fiber services with speeds up to 1 Gbps.

132 W 31st St in Manhattan, NYC, is strategically located with excellent transportation options.

Public Transit: This location is a Rider’s Paradise with world-class public transportation.

  • Subway: Close to lines 1, 2, F, Q, N, R, W, B, D, and M.
  • Bus: Served by buses M5, M7, M55, and others.
  • Train: Nearby access to PATH trains and major rail lines.

Cross Streets: The address intersects with 6th Avenue and 7th Avenue.

Neighborhood: Located in the Chelsea neighborhood, offering a walker-friendly environment with a Walk Score of 100.

Office Tenants Rented / Leased 132 West 31st Street
  • Westside Electric leased 1,000 SF
  • Accord Contracting leased 1,007 SF
  • TPG Architecture leased 42,000 SF
  • 24/7 Real Media leased 100,000 SF
  • Aramark leased 4,101 SF
  • Facts on File leased 40,670 SF
  • Scientific Application International Corp. leased 50,000 SF
  • 24/7 Real Media leased 25,300 SF
  • NY Organ Donor Network leased 20,000 SF
  • K & M Electrical Contracti… leased 1,500 SF
Nearby Office Tenants Leased
  • Zero Point Zero Productions leased 22,739 SF at 875 Avenue of the Americas
  • Pem America, Inc leased 22,574 SF at 70 West 36th St
  • Terra Bruce Productions leased 21,635 SF at 220 West 42nd St
  • The New Dance Group leased 21,000 SF at 575 Eighth Ave
  • WeWork leased 19,150 SF at 224 West 29th St
  • Broadway Suites LLC leased 16,700 SF at 5 West 37th St
  • F. Schumacher leased 15,936 SF at 875 Sixth Avenue
  • Chest's Community Advis… leased 15,207 SF at 142 West 36th Street
  • Shalom International Corp. leased 15,000 SF at 3 West 35th St
  • One Source Printing & Graphics leased 15,000 SF at 108 West 39th St
Nearby Retail Tenants Leased
  • United Nude leased 2,486 SF at 146 West 29th St
  • Taco Bell Cantina leased 2,451 SF at 500 Eighth Avenue
  • Market Crates leased 2,300 SF at 224 West 35th Street
  • RadioShack leased 2,000 SF at 1357 Broadway
  • Pret A Manger leased 1,939 SF at One Penn Plaza
  • Baja Fresh leased 1,800 SF at 1441 Broadway
  • Paris Baguette leased 1,800 SF at 575 Eighth Avenue
  • Nanoosh leased 1,700 SF at 469 Seventh Ave
  • Let's Poke leased 1,600 SF at 555 Eighth Avenue
  • Saehan Bank leased 1,548 SF at 875 Sixth Ave

Onsite Networks Testimonial

Onsite Networks testimonial I am writing in recognition of the quality service provided by Optimal Spaces Inc. and Stephen Sunderland in finding us a sublease at 41 Madison Avenue. We strongly recommend them for the excellent job they did. They were efficient and responsive in locating spaces that met our needs and corporate image, aggressive in negotiating on our behalf, and effective in communicating our needs to the landlord and getting our offer accepted. I look forward to working with the team at Optimal Spaces Inc. again. Very truly yours, Dennis Jules Kessler Chief Financial Officer On Site Networks, Inc

Office Buildings in Penn Plaza/Garment

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