Historic Downtown Retail

Historic Downtown

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,080
As of: June 25, 2017

Historic Downtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Historic Downtown submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $33 per sqft per year.

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 discounted submarket.

Historic Downtown Listing Supply

In the last 90 days, 1 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the Historic Downtown are subleases, so you might be able to find a shorter term or below market rent. 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 2,080 sqft. Most properties in this market are approximately 4 stories. Most buildings in this region were built in 1980 and are Class C.

Historic Downtown Community

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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Historic Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Historic Downtown.
Research