On average, listings lease in the $20's per square foot per year. The Hartford submarket is experiencing a decrease 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 Hartford submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 31 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Hartford are subleases, so you will probably have to focus your search on direct office leases. 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 3,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region were built in 1961 and are Class A.