On average, listings lease in the $0's per square foot per year. The Shippan Point region is going through a decline in rates. In the last 3 months, the median rate decreased $66 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 5 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,850 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 15 stories. Most buildings in this market were built in 1986 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Shippan Point occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.