Asylum Hill Office Space

Asylum Hill

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
5,220
As of: July 27, 2017

Asylum Hill Rates

On average, listings lease in the $20's per square foot per year. The Asylum Hill submarket is going through a a rise in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 38% rise in rent.

Compared to the rest of the Hartford market, the Asylum Hill region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Asylum Hill Listing Supply

In the last 90 days, 4 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 5,220 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1939 and are Class B.

Asylum Hill Community

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 region. Commute by bike is the most popular way to get to work amongst Asylum Hill folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Asylum Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Asylum Hill.
Research