Asylum Hill Office Space

Asylum Hill

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
7,700
As of: February 27, 2017

Asylum Hill Rates

On average, listings lease in the $10's per square foot per year. The Asylum Hill region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Hartford market, the Asylum Hill region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Asylum Hill Listing Supply

In the last 90 days, 4 listings have been made available, which means spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 7,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1929 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 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.

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