On average, listings lease in the $20's per square foot per year. The Downtown Hartford region is going through a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the Hartford market, the Downtown Hartford region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 19 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Downtown Hartford are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,290 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 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.