Downtown

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  • 30 Mall Dr W Jersey City New Jersey 07310 United States
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1REC's Take
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
About Location
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
Occupancy
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
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Preferred ISP(s)
Optimum, Verizon
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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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

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