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.
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.
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.