The New Jersey Waterfront - CBRE’s Dynamic Perspective
Located on the west bank of the Hudson River, with quick and easy access to Manhattan, the Waterfront is New Jersey’s foremost office submarket. Comprising parts of three Hudson County municipalities, Hoboken, Jersey City and Weehawken, the Waterfront is ideally situated to capitalize on the requirements of innovative corporations seeking to attract a younger, tech-savvy workforce.
The Waterfront submarket has six unique neighborhoods—Newport, Exchange Place, Grove Street, Journal Square (all in Jersey City), Hoboken and Weehawken—each with its own distinctive characteristics. As a microcosm of Manhattan, tenants have a choice of various building types and a wide range of transportation options and amenities, but with more favorable lease rates and lower operating expenses than New York.
Once known only as gritty, blue collar towns, Hoboken, Jersey City and Weehawken are now some of the region’s most desirable places to work and live with a decidedly urban vibe.