Most listings are in the $50's per square foot per year. The The Waterfront region is going through a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Jersey City market, the The Waterfront submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 19 listings have been made available, which means listings 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 The Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 32,450 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 14 stories. Most buildings in this market 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 market. Most of the occupants of The Waterfront work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.