Most listings are 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 decreased $10 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Jersey City market, the Colgate Center region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 13 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 131% of the available leases in the Colgate Center are subleases, so you might be able to snag a great spot on a short term. 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 4,510 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 15 stories. Most buildings in this market were built in 1992 and are Class A.
Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Colgate Center folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.