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.
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.
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.