The typical asking rate per listing is in the $40's per square foot per year. The Jersey City submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decline in rent.
In the last 90 days, 515 listings have been made available, so you'll want to check back regularly for new listings. About 9% of the available leases in the Jersey City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 12 floors. Most buildings in this market were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Jersey City.
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