The typical asking rate per listing is in the $40's per square foot per year. The Historic Downtown submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 50% increase in rent.
Compared to the rest of the Jersey City market, the Historic Downtown submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, 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 buildings in this area are close to 4 stories. Most buildings in this market were built in 1980 and are Class A.
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 region. Commute by public transit is the most popular way to get to work amongst Historic Downtown residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.