The typical asking rate per listing is in the $40's per square foot per year. The Colgate Center region is seeing a decline 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 region.
In the last 90 days, 152 listings have been made available, so you'll want to check back regularly for new listings. About 18% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,930 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 15 floors. Most buildings in this region 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.
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