Most listings are in the $20's per square foot per year. The Downtown Hartford region is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Hartford market, the Downtown Hartford region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 423 listings have been made available, so you'll want to check back regularly for new listings. About 15% of the available space in the Downtown Hartford are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,090 sqft. Most properties in this area are around 12 stories. Most buildings in this area were built in 1932 and are Class A.
Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Hartford folk. Commuting between 30 and 45 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 Downtown Hartford.
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