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.
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.
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.