Most listings are in the $50's per square foot per year. The Colgate Center submarket is seeing a an increase 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 region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 62% of the available leases in the Colgate Center 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 14,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 15 floors. Most buildings in this area were built in 1992 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.