We prove spatiotemporal algebraically decaying estimates for the density of the solutions of the linearly damped nonlinear Schrodinger equation with localized driving, when supplemented with vanishing boundary conditions. Their derivation is made via a scheme, which incorporates suitable weighted Sobolev spaces and a time-weighted energy method. Numerical simulations examining the dynamics (in the presence of physically relevant examples of driver types and driving amplitude/linear loss regimes), showcase that the suggested decaying rates, are proved relevant in describing the transient dynamics of the solutions, prior their decay: they support the emergence of waveforms possessing an algebraic space-time localization (reminiscent of the Peregrine soliton) as first events of the dynamics, but also effectively capture the space-time asymptotics of the numerical solutions.