Most listings are in the $50's per square foot per year. The The Waterfront region is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Jersey City market, the The Waterfront region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 19 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 26% of the listings in the The Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 32,450 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 14 stories. Most buildings in this area were built in 1992 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the folk of The Waterfront work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.