The typical asking rate per listing is in the $20's per square foot per year. The Downtown Hartford region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Hartford market, the Downtown Hartford submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the listings in the Downtown Hartford are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, 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 buildings in this region are around 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.