Downtown

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30 Mall Dr W Jersey City New Jersey 07310 United States

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Pros

✔ Rapidly developing area ✔ Excellent public transport ✔ Vibrant nightlife

Cons

✘ High cost of living ✘ Limited green spaces ✘ Traffic congestion

Shopper Profile

• Young Professionals: Working in tech and startups • Tourists: Enjoying the waterfront • Preferences: Trendy dining, boutique shops

Successful Retail Uses:

Trendy Dining, Boutique Shops, Nightlife

A diverse, bustling area that has been undergoing significant gentrification. Downtown Jersey City is a mix of trendy boutiques, hipster cafes, and established chain stores. Rents are escalating but remain more affordable compared to similar areas in nearby NYC.

Household Income in Trade Area: $140,000

Retail Sales in Trade Area: $2.4 billion

Population in Trade Area: 300,000

Tenant Sales per Square Foot: $1,200

Occupancy Rate: 92%

Anchor Tenants: Newport Centre, Grove Street PATH Station

Tenant Rent/Sales Ratio (%): 12.5% – 25%

Rent $ / Visitor (relative cost of the foot traffic): $26.67 – $53.33

Preferred ISP(s)

Optimum, Verizon

Estimated Permit Timeline (weeks)

8-10

Landmarks Risk

Medium

Union Labor Disharmony Likelihood

Medium

city landscape with buildings and shops cityscape flat design 4

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Primary Landlord: Street

Retail Type: Streets & Neighborhoods

Address: 30 Mall Dr W
Jersey City
New Jersey
07310
United States

MSA: New York-Newark-Jersey City NY-NJ-PA

Downtown

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