Compared to the rest of the Jersey City market, the Historic Downtown region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 20% of the listings in the Historic Downtown are subleases, so you might be able to snag a great spot on a short term. 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 600 sqft. Most buildings in this market are approximately 19 floors. Most buildings in this region were built in 1980 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Historic Downtown residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.