2023 Office Space Rent & Sales
- $22.25 2023 Avg. Asking Rent
- 20.66% 2023 Office Vacancy Rate
Hartford office price per square foot in 2023 was $22.25 on average. The local office market recorded an average vacancy rate of 20.66% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Hartford Class A & A+ Office Space$22.57
- Hartford Class B Office Space$19.25
- Connecticut Class A & A+ Office Space$33.28
- Connecticut Class B Office Space$23.34
- Connecticut Class C Office Space$27.95
Hartford, CT Office Asking Rents by Class
2023 Office Vacancy Rates in Hartford
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Hartford - Downtown | $22.41 | 23.02% |
| Greater Hartford | $19.65 | 10.44% |
Office Spaces for Rent in Connecticut
- New York City Office Space
- Manhattan Office Space
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- Stamford Office Space
- Danbury Office Space
- Hartford Office Space
- Jersey City Office Space
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Coworking Spaces in Connecticut
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
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- Raleigh Coworking Space
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- Jersey City Coworking Space
- Cleveland Coworking Space
- Cambridge Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Queens Coworking Space
- Asheville Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hartford 21 | 241 Trumbull Street, 06103 | 162,257 | 2006 |
| Capitol Place | 21 Oak Street, 06106 | 113,000 | 1990 |
| Goodwin Square | 225 Asylum Street, 06103 | 339,728 | 1989 |
| CityPlace II | 185 Asylum Street, 06103 | 292,039 | 1989 |
| Commerce Park | 40 Weston Street, 06120 | 70,000 | 1988 |
| Suite 43 - 900 SF Medical Condo near Saint Francis Hospital | 19 Woodland St, 06105 | 900 | 1988 |
| State House Square | 90 State House Square, 06103 | 844,813 | 1987 |
| State House Square | 10 State House Square, 06103 | 366,313 | 1987 |
| Hartford Square North | 10 Columbus Blvd, 06106 | 229,303 | 1986 |
| Constitution Plaza - 200 Constitution Plaza | 200 Constitution Plaza, 06103 | 135,000 | 1986 |
Worth noting among recent office completions on the Hartford market is Hartford 21, which is currently the largest new office development in the city, at 162,257 square feet.
See reports for other markets
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- Los Angeles Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Hartford commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.