Historic Downtown Office Space

Historic Downtown

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
600
As of: March 11, 2017

Historic Downtown Rates

The typical asking rate per listing is in the $40's per square foot per year. The Historic Downtown region is going through a a boost in rates. In the last 3 months, the median rate went up $21 per sqft per year. That's a 80% increase in rent.

Compared to the rest of the Jersey City market, the Historic Downtown region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Historic Downtown Listing Supply

In the last 90 days, 1 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 600 sqft. Most properties in this market are close to 4 stories. Most buildings in this area were built in 1980 and are Class A.

Historic Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Historic Downtown folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Historic Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Historic Downtown.
Research