The Waterfront Industrial

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The Waterfront

Market Report

Number of Listings
Posted in the last 90 days
33
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
4,050

The Waterfront Rates

On average, listings lease in the $40's per square foot per year. The The Waterfront submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Jersey City market, the The Waterfront submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

The Waterfront Listing Supply

In the last 90 days, 390 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the available space in the The Waterfront are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,050 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 14 floors. Most buildings in this region were built in 1992 and are Class A.

The Waterfront Community

A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Most of the folk of The Waterfront work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in The Waterfront.
Research