Most listings are in the $50's per square foot per year. The Colgate Center submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Jersey City market, the Colgate Center region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 26% of the office spaces in the Colgate Center 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.
Even though the median size is 3,810 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 15 stories. Most buildings in this area were built in 1992 and are Class A.
Wholesale trade is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Colgate Center occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.