The typical asking rate per listing is in the $10's per square foot per year. The North Meadows submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decrease in rent.
Compared to the rest of the Hartford market, the North Meadows region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 12 listings have been posted online, which means leases might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region were built in 1980 and are Class C.
Public administration is the dominant industry in this region. Most of the residents of North Meadows work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.