Journal Square Sublease

Journal Square

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
4,000
As of: August 20, 2017

Journal Square Rates

On average, listings lease in the $30's per square foot per year. The Journal Square submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.

Compared to the rest of the Jersey City market, the Journal Square region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Journal Square Listing Supply

In the last 90 days, 18 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 44% of the available space in the Journal Square 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 1985 and are Class B.

Journal Square Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by walking is the most popular way to get to work amongst Journal Square residents. Commuting around 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 Journal Square.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Journal Square.
Research