Most listings are in the $0's per square foot per year. The Shippan Point submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $66 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 5,850 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 15 floors. Most buildings in this region were built in 1986 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Shippan Point occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.