On average, listings lease in the $50's per square foot per year. The Hoboken submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $29 per sqft per year. That's a 36% decrease in rent.
In the last 90 days, 7 listings have been listed, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 8,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 13 floors. Most buildings in this region were built in 1987 and are Class A.