On average, listings lease in the $20's per square foot per year. The Downtown Hartford submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Hartford market, the Downtown Hartford submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 25 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Downtown Hartford are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 12 stories. Most buildings in this market were built in 1942 and are Class A.
Manufacturing is the dominant industry in this region. 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.