The typical asking rate per listing is in the $10's per square foot per year. The Asylum Hill region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Hartford market, the Asylum Hill region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 750 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1939 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Asylum Hill occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.