For renters priced out of Manhattan or simply looking for more space, Jersey City continues to offer an increasingly varied alternative just across the Hudson. New towers around Journal Square complement fast PATH train access with mint condition units in buildings with large amenity packages. While waterfront buildings and newer communities near Liberty State Park offer skyline views, more established neighborhoods provide a more tight-knit feel and units with more historic character.
Jersey City’s growing supply of housing is also giving renters valuable leverage. Many of the city’s new luxury rental buildings are currently offering free-rent concessions, with incentives ranging from one or two months to as much as four months free depending on the building and lease terms. AVIVA, for example, is offering up to four months free on longer leases, while The Greyson and the Hudson House Collection are among the buildings offering substantial opening and seasonal incentives.
The buildings below also show how different the Jersey City rental experience can be. AVIVA sits beside Liberty State Park; Hudson House Collection combines new high-rise apartments with adaptive-reuse lofts near Hoboken; Liberty Towers offers renovated waterfront residences and a new penthouse collection; and The Greyson brings a resort-like amenity package to a quieter street near the Journal Square PATH.
For the growing number of New York renters willing to cross the river, the current market offers not just lower effective rents, but a much broader choice of space, setting, commute, and lifestyle.
As with any concession, renters should look beyond the advertised net-effective rent. Free months are typically spread across the lease term for marketing purposes, while the actual monthly payment may be based on a higher gross rent. Lease length, move-in date, and apartment type can also determine which incentives apply, so prospective tenants should confirm the full terms with the leasing office before signing.
Read On….,Five luxury Jersey City rentals offering up to four months free rent | CityRealty
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