On average, listings lease in the $10's per square foot per year. The Sheldon Charter Oak submarket is going through a a rise in rates. In the last 3 months, the median rate went up $18 per sqft per year.
Compared to the rest of the Hartford market, the Sheldon Charter Oak region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 0 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Sheldon Charter Oak 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 5,400 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 11 floors. Most buildings in this area were built in 1915.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Sheldon Charter Oak residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.