The Waterfront Office Space

The Waterfront

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,000
As of: August 17, 2017

The Waterfront Rates

The typical asking rate per listing is in the $40's per square foot per year. The The Waterfront region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Jersey City market, the The Waterfront submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

The Waterfront Listing Supply

In the last 90 days, 20 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 210% of the available space in the The Waterfront 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 14 floors. Most buildings in this market were built in 1992 and are Class A.

The Waterfront Community

A large portion of this area is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the residents of The Waterfront work from home. Commuting approximately 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 The Waterfront.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Waterfront.
Research