The typical asking rate per listing is in the $20's per square foot per year. The Downtown Hartford submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 26% decline in rent.
Compared to the rest of the Hartford market, the Downtown Hartford region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 65 listings have been listed, so you'll want to check back regularly for new listings. About 88% of the listings in the Downtown Hartford are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,360 sqft. Most properties in this market are close to 12 stories. Most buildings in this market were built in 1932 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.