The typical asking rate per listing is in the $20's per square foot per year. The Asylum Hill submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $23 per sqft per year.
Compared to the rest of the Hartford market, the Asylum Hill submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 38 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,220 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1939 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Asylum Hill occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Asylum Hill.
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