The typical asking rate per listing is in the $30's per square foot per year. The Journal Square submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $11 per sqft per year. That's a 45% rise in rent.
Compared to the rest of the Jersey City market, the Journal Square region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 14 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 2,200 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1974.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by walking is the most popular way to get to work amongst Journal Square folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.