Jersey City Real Estate Is Refreshed and Recharged
Spring is bringing a burst of energy into the Jersey City real estate market. After a few years of uncertainty for residents, business owners and working professionals, the slow down of the pandemic has brought about what we’re all craving – certainty. From housing to coworking to retail, the Jersey City real estate market is seeing a resurgence in activity as people settle (or re-settle) into the neighborhood. Simply put, Jersey City is thriving again.
As we celebrate the resurgence of real estate in Jersey City, we acknowledge the long-standing community that has been here through it all. Familiar faces are what make neighborhoods feel like neighborhoods, after all.
Home Sweet Jersey City
In the spring of 2020, many Jersey City residents fled the city post-lockdown, unsure of what their new relationship with city life would be in a new era of work-from-home normalcy. At the same time, an influx of New York City residents left their city for Hudson County. Fast forward to 2022, and the desire for an accessible, inviting city with a neighborhood feel is everything everyone seems to be looking for and everything Jersey City has to offer.
What exactly is it that residents are looking for in an apartment in Jersey City in 2022? Vanessa Imme, Director of Leasing at SILVERMAN, says “many are returning to the city because they miss walkable living and a sense of community.” Year after year, Jersey City is recognized by various publications (most recently, Expedia) as a top 10 most walkable city in the country. SILVERMAN Building has been an integral part in making the city so accessible, thanks to its restaurants, retail and service providers and partners that have joined in the business’ mission of “building neighborhoods” since the 1980s.
The proof of this residential resurgence is in the performance of the Swift & Co. lease up. The newest development from SILVERMAN, Swift & Co. is a nine story, mixed-use building, one block from the centerpiece of the historic district’s five acre Hamilton Park. Swift & Co. offers studio, 1, 2 and 3 bedroom apartments, many of which are outfitted with terraces and sweeping views. Apartment features include cove lighting, washer and dryer, walk-in closets and other special touches adding warmth and spaciousness. In just 5 weeks time, the SILVERMAN Leasing Team broke their portfolio record by leasing up the entire building. “It’s clear that there is desire for more dynamic living in Jersey City, and we’re thrilled to be able to provide residents with innovative, beautiful homes that meet those desires,” Vanessa says.
Confidence in Coworking
While many are flocking back to their offices after a two year hiatus, the average working professional continues to explore what flexibility in their career can look like in 2022 and beyond. More and more are flocking to coworking spaces to provide them with an office-like experience from the comfort of their neighborhood.
Andco coworking is located in downtown Jersey City across from City Hall on the second floor of Charles & Co., and has been buzzing with busy bees ever. The space offers 3 types of memberships, Floating, Reserved Desk or Private Office. Between 2020 – 2021, the space remained safely open. In 2022, it’s become clear that coworking is here to stay. Andco currently has all Private offices filled, with a handful of Reserved Desks and Floating memberships available. SILVERMAN will be introducing a second coworking space later this year in the Hamilton Park neighborhood, at Swift & Co.
Retail, Restaurants and Renovations
With our city filling up with working professionals and young families again, business owners quickly readied into action. What are the latest headlines you need to know?
- Chickie’s, a NJ-style Italian restaurant, opened where GP’s Restaurant once stood at Hamilton Square
- Razza expanded into the space next door and opening soon for dinner
- WORD Bookstore will be moving to Hamilton Square on April 1st
- Jersey City Bicycle Co. will be moving to Swift & Co. in the summer
- Sage Veterinary Center will be opening at Swift & Co. in the summer
- Hamilton Health & Fitness to become a SILVERMAN resident fitness center
SILVERMAN has various availabilities throughout town for retail or business owners looking for space. Get in touch with Vanessa Imme (information below) to learn more about office and retail rental opportunities.
SILVERMAN Broker of Record / Leasing Director
Vanessa Imme | [email protected]
Call 201-434-1000 for floor plans, leasing information and more.
Since 1981, SILVERMAN has worked diligently to help Jersey City become a destination…the perfect place to work, live and dream. Founded by brothers Eric and Paul, the company had a vision for the abandoned factories and rundown buildings scattered throughout Jersey City’s waterfront and downtown. While driving through the Paulus Hook neighborhood, they spotted a fire-damaged apartment building with a collapsed roof. Following a complete renovation, all fifteen apartments were rented within three weeks by those drawn to the attention to detail and luxurious lifestyle SILVERMAN provides their residents. Since then, SILVERMAN has created over 1,000 residences and over 500,000 square feet of commercial and light industrial space, translating to thousands of jobs and new homes. What started 40 years ago as an architectural vision for Jersey City’s downtown has grown into a deep affection for its diverse, dynamic residents. SILVERMAN is a company comprised of caring and friendly people, proud of the roots established in 1981, which continues its tradition of building Jersey City’s best collection of apartments, stores, offices and schools.