Jersey City, with its rich history and diverse neighborhoods, offers a unique blend of old and new, making it an attractive location for businesses looking to lease industrial space. With its proximity to Manhattan, extensive transportation infrastructure, and a strong presence of major financial institutions, Jersey City is an ideal location for companies seeking to establish a strong foothold in the region. The city's amenities, including Liberty State Park, the Liberty Science Center, and the Jersey City Free Public Library, provide a high quality of life for employees, while its infrastructure, including the Journal Square Transportation Center, Exchange Place, and Hoboken Terminal, make it an easily accessible location for clients and customers. Additionally, the city's strong educational institutions, such as New Jersey City University and Saint Peter's University, provide a skilled workforce, making it an attractive location for businesses in various industries.
Jersey City's industrial space for lease market is thriving, with 16 available listings. The average annual rent per square foot is $20 USD, with a range of $14 USD to $29 USD per square foot. The average size of available industrial space is 33,326 square feet, with options ranging from 1,025 to 288,012 square feet. In addition to industrial space, Jersey City also offers a range of other property types, including flex space, commercial real estate, land, and restaurants. Flex space is available in areas like the Heights, which offers a mix of old and new buildings, while commercial real estate is concentrated in areas like Downtown Jersey City and Exchange Place. Land is available for development in areas like Bergen-Lafayette, and restaurants can be found throughout the city, particularly in areas like Paulus Hook and the Village. With its diverse range of property types and amenities, Jersey City is an attractive location for businesses of all types.
What is the average size of industrial space for lease in the Jersey City market?
In the Jersey City market, the average size of industrial space for lease is 33,326 square feet, with a total of 16 available listings, ranging from smaller spaces to larger ones, up to 288,012 square feet, and with an average annual rent of $20 USD per square foot.
What do I need to look for when leasing an industrial space in Jersey City?
When leasing an industrial space in Jersey City, there are several key factors to consider to ensure you find the right property for your business needs, including:
- Average annual rent per square foot, which is currently $20 USD per square foot, and average space size, which is approximately 33,326 square feet, to determine the overall cost and suitability of the space.
- Proximity to major transportation hubs, such as the Journal Square Transportation Center, Exchange Place, and Hoboken Terminal, as well as access to highways like the Holland Tunnel and New Jersey Turnpike Extension, to ensure easy transportation of goods and employees.
- The maximum space size available, which is up to 288,012 square feet, to accommodate your business's specific needs and potential for growth.
