On average, listings lease in the $30's per square foot per year. The Downtown Hartford submarket is going through a a rise in rates. In the last 3 months, the median rate increased $33 per sqft per year.
Compared to the rest of the Hartford market, the Downtown Hartford region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 65 listings have been posted online, so you'll want to check back regularly for new listings. About 48% of the available space in the Downtown Hartford 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 12 stories. Most buildings in this region were built in 1942 and are Class A.
Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Hartford occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.