On average, listings lease in the $50's per square foot per year. The Colgate Center region is going through a a boost in rates. In the last 3 months, the median rate went up $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 greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 12 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the listings 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 available, 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 buildings in this market are approximately 15 stories. Most buildings in this market were built in 1988 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.