diff --git a/dotnet/nuget/nuget-package.props b/dotnet/nuget/nuget-package.props
index b7e6fe3cb740..48b6247c2593 100644
--- a/dotnet/nuget/nuget-package.props
+++ b/dotnet/nuget/nuget-package.props
@@ -1,7 +1,7 @@
 <Project>
   <PropertyGroup>
     <!-- Central version prefix - applies to all nuget packages. -->
-    <VersionPrefix>1.30.0</VersionPrefix>
+    <VersionPrefix>1.31.0</VersionPrefix>
     <PackageVersion Condition="'$(VersionSuffix)' != ''">$(VersionPrefix)-$(VersionSuffix)</PackageVersion>
     <PackageVersion Condition="'$(VersionSuffix)' == ''">$(VersionPrefix)</PackageVersion>