Most listings are in the $50's per square foot per year. The Historic Downtown submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $22 per sqft per year. That's a 68% increase in rent.
Compared to the rest of the Jersey City market, the Historic Downtown submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 100% of the available space in the Historic Downtown 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.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Historic Downtown residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.