On average, listings lease in the $20's per square foot per year. The Downtown Hartford region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decline in rent.
Compared to the rest of the Hartford market, the Downtown Hartford region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 77 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the listings in the Downtown 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.
The standard measurement for office space in this area is around 2,230 sqft. Most properties in this market are close to 12 stories. Most buildings in this market were built in 1932 and are Class A.
Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Hartford residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.