On average, listings lease in the $20's per square foot per year. The Downtown Hartford submarket is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Hartford market, the Downtown Hartford region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 77 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,230 sqft. Most buildings in this market are approximately 12 stories. Most buildings in this market were built in 1932 and are Class A.
Manufacturing is the dominant industry in this market. 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.