Most listings are in the $50's per square foot per year. The Colgate Center region is seeing a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Jersey City market, the Colgate Center submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 51,820 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 15 floors. Most buildings in this region were built in 1988 and are Class A.
Wholesale trade is the dominant industry in this area. 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.