The typical asking rate per listing is in the $40's per square foot per year. The Historic Downtown submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year. That's a 50% rise in rent.
Compared to the rest of the Jersey City market, the Historic Downtown region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 1 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 600 sqft. Most buildings in this market are close to 4 floors. Most buildings in this region were built in 1980 and are Class A.
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 region. 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.