The Waterfront Sublease

The Waterfront

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
37,390
As of: January 23, 2017

The Waterfront Rates

The typical asking rate per listing is in the $50's per square foot per year. The The Waterfront submarket is going through a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 13% increase in rent.

Compared to the rest of the Jersey City market, the The Waterfront submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

The Waterfront Listing Supply

In the last 90 days, 19 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 42% of the available leases 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 34,810 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 14 stories. Most buildings in this market were built in 1992 and are Class A.

The Waterfront Community

A large portion of this region is residential, but there's plenty of office_space. Wholesale trade is the dominant industry in this area. Most of the residents 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.

Market Report

Trends and status of the commercial real estate market in The Waterfront.
Market Report

Market Data

Real time and historical data on commercial real estate listings in The Waterfront.
Research