The typical asking rate per listing is in the $40's per square foot per year. The Colgate Center submarket is going through a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Jersey City market, the Colgate Center submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 152 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the listings in the Colgate Center are subleases, so you might be able to find a shorter term or below market rent. 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 3,780 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 15 floors. Most buildings in this area were built in 1988 and are Class A.
Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Colgate Center residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Colgate Center.
Get email notifications when new listings are posted that match your requirements.