The Waterfront Retail

The Waterfront

Office Space Market Report

Number of Listings (last 90 days)
390
Median Rate ($/sqft/yr)
$48
Median Size (sqft)
5,000
As of: August 17, 2017

The Waterfront Rates

Most listings are in the $40's per square foot per year. The The Waterfront region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Jersey City market, the The Waterfront region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

The Waterfront Listing Supply

In the last 90 days, 20 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 235% of the available leases 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 4,910 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 14 stories. Most buildings in this area were built in 1992 and are Class A.

The Waterfront Community

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 residents of The Waterfront work from home. Commuting close to 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 The Waterfront.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Waterfront.
Research