On average, listings lease in the $20's per square foot per year. The Hartford submarket is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the Hartford market, the Hartford region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 33 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the listings in the 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.
Even though the median size is 3,860 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this region were built in 1961 and are Class A.