Pace Gallery seeks tenant to share Chelsea headquarters

Pace Gallery wants a housemate.

The gallery is seeking a tenant for part of its global headquarters in Chelsea, in Manhattan, New York, according to reporting published on 28 September 2026. ARTnews That means another occupier could move into a slice of the building Pace calls home.

The address is 540 West 25th Street. Pace itself identifies the site as its global headquarters, the main base where its New York operation is centred. Pace Gallery

In New York property language, that tag matters. A headquarters is not a branch or a temporary project room. It is where leadership, sales teams and logistics are based.

It is a big building. The Chelsea headquarters runs to eight storeys, The New York Times with room for more than one use under one roof. Think exhibition rooms, offices and back-of-house space stacked vertically, a common set-up on a dense New York street.

Eight floors in Chelsea is a lot of space to fill with shows alone. Larger galleries often divide such buildings by function, with public galleries on lower levels and offices, viewing rooms, storage and preparation areas above.

The building is relatively new as gallery homes go. Pace said in November 2018 that it planned to open the Chelsea flagship in September 2019. Artforum A flagship, in plain terms, is a company's most important public space. For a gallery, that usually means large rooms for shows plus space for staff to work.

What makes this stand out is simple. Galleries guard their main addresses closely. Sharing part of one does not change the address on the door. It means rent is paid for a portion that Pace is not using in the same way.

For anyone who likes to drop in, the key detail stays the same. The gallery remains at 540 West 25th Street. A tenant fills empty space. The front door is still Pace's.

The report is about sharing space, not leaving it. The core fact is the listing itself. The address to remember is still 540 West 25th Street. One of New York's well-known gallery addresses has room for a neighbour.