Most listings are in the $50's per square foot per year. The Colgate Center region is experiencing a an increase in rates. In the last 3 months, the median rate rose $55 per sqft per year.
Compared to the rest of the Jersey City market, the Colgate Center region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 62% of the listings in the Colgate Center 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 14,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 15 stories. Most buildings in this market were built in 1992 and are Class A.
Wholesale trade is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Colgate Center occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.