On average, listings lease in the $10's per square foot per year. The North Meadows region is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Hartford market, the North Meadows submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 1 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 400% of the available leases in the North Meadows are subleases, so you might be able to snag a great spot on a short term. 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 4,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 1 stories. Most buildings in this market 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.