The typical asking rate per listing is in the $50's per square foot per year. The The Waterfront region is seeing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the Jersey City market, the The Waterfront submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 42% of the available space in the The Waterfront 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 posted, so finding a space for a small business might be tough.
Even though the median size is 34,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 14 floors. Most buildings in this market were built in 1992 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this region. Most of the folk of The Waterfront work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.