The typical asking rate per listing is in the $40's per square foot per year. The The Waterfront submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Jersey City market, the The Waterfront region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 20 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 165% of the available leases in the The Waterfront 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 5,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 14 floors. Most buildings in this region were built in 1992 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the folk of The Waterfront work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.