On average, listings lease in the $40's per square foot per year. The The Waterfront region is going through a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Jersey City market, the The Waterfront region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 11 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 64% of the listings in the The Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 34,170 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 14 stories. Most buildings in this region were built in 1992 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this market. Most of the folk 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.