On average, listings lease in the $40's per square foot per year. The The Waterfront region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Jersey City market, the The Waterfront region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 390 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the The Waterfront are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,270 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 14 stories. Most buildings in this market were built in 1992 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Most of the residents 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.
Real time and historical data on commercial real estate listings in The Waterfront.
Get email notifications when new listings are posted that match your requirements.