Compared to the rest of the Jersey City market, the Colgate Center submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 27 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Colgate Center are subleases, so you will probably have to consider a longer term lease. 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 3,560 sqft, there are still 0 new availabilities 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.