How much does it cost to rent an industrial space in Jersey City?

The cost of renting an industrial space in Jersey City can vary widely depending on several factors, such as location, size, amenities, and demand.

To read: our New Jersey MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Jersey City?

Jersey City's strategic location, favorable business climate, and well-developed transportation infrastructure make it an attractive location for companies seeking to expand their operations or establish a presence in the New York metropolitan area. While rent increases can't be predicted with certainty, it's important to keep an eye on market trends when considering an industrial space for lease in Jersey City. 

What are the benefits of leasing an industrial space in Jersey City?

The city is strategically located near major markets and transportation networks, providing easy access to a large consumer base and suppliers.

Jersey City also offers a business-friendly environment, with various incentives and tax breaks for businesses that invest in the city.

Additionally, Jersey City has a diverse and skilled workforce, with expertise in industries such as finance, logistics, and technology.

The city has seen significant growth in recent years, with new businesses and development projects contributing to a vibrant and dynamic economy.

Overall, setting up a business in Jersey City can provide a competitive edge for companies looking to expand their operations in the New York metropolitan area.

Popular neighborhoods in Jersey City

Jersey City has several neighborhoods that are popular for industrial space leasing, depending on the specific needs of a business. The following are some of the most sought-after areas:

• The Heights - Located on the northern side of Jersey City, this neighborhood is known for its affordable rents and proximity to major highways.
• Journal Square - Situated in the heart of Jersey City, Journal Square offers a wide range of industrial spaces, including warehouses, distribution centers, and manufacturing facilities.
• Liberty Industrial Park - This industrial park is located on the western side of Jersey City, near the New Jersey Turnpike, and is home to several large warehouses and distribution centers.
• Greenville - Located in the southern part of Jersey City, Greenville is a diverse neighborhood with a mix of industrial and residential properties.
• Bergen-Lafayette - This neighborhood is located on the southeastern side of Jersey City and is known for its historic architecture and proximity to major transportation hubs.

Getting to and from Jersey City

Jersey City is a city in the state of New Jersey, located across the Hudson River from New York City. Here are some options for getting to and from Jersey City:

• PATH Train: The PATH train is a rapid transit system that connects Jersey City with Manhattan and other parts of New Jersey. It operates 24/7 and has several stations in Jersey City, making it a popular option for commuters and visitors.
• Bus: Jersey City is served by several bus routes operated by NJ Transit and other private companies, which provide convenient transportation to nearby areas such as Hoboken, Newark, and New York City.
• Light Rail: The Hudson-Bergen Light Rail is a modern light rail system that runs through Jersey City and other parts of Hudson County. It provides quick and easy transportation to nearby areas and connects with other transit options such as the PATH train.
• Car: Jersey City is easily accessible by car via major highways such as the New Jersey Turnpike, the Garden State Parkway, and the Pulaski Skyway. It is also located near several bridges and tunnels that connect New Jersey with New York City.
• Ferry: The NY Waterway operates several ferry routes that connect Jersey City with Manhattan and other parts of New York City. It is a popular option for commuters and tourists who want to enjoy scenic views of the skyline while traveling.