The typical asking rate per listing is in the $20's per square foot per year. The Asylum Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $23 per sqft per year.
Compared to the rest of the Hartford market, the Asylum Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the listings in the Asylum Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 new listings below 2,000 sqft. Most properties in this area are around 3 stories. Most buildings in this market 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 market. Commute by bike is the most popular way to get to work amongst Asylum Hill residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.