Asylum Hill Sublease

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Asylum Hill

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,700
As of: December 2, 2016

Asylum Hill Rates

Most listings are in the $10's per square foot per year. The Asylum Hill region is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 27% decline in rent.

Compared to the rest of the Hartford market, the Asylum Hill submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Asylum Hill Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases most likley are leasing quickly. 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this region were built in 1961 and are Class C.

Asylum Hill Community

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 folk. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Asylum Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Asylum Hill.
Research