Hartford has a great amount of commercial property development in the downtown area. With so many large insurance companies occupying high rises, and growing through time, it’s interesting to note that entrepreneurs of all types are looking to utilize office space, executive suites, and many other options to continue the growth of their businesses. A recent search of Hartford commercial property vacancies yielded many results starting at around $500 a month for small spaces, with relatively low amenities attached, while larger options were $2 - $3 a square foot with amenities including free internet access, private entries, and warehouse space adjacent options. Like with all major cities, the Hartford CT area has a mixture of different office space and commercial properties to explore. We are a leader in the tenant rep world for executive suites and commercial properties in the USA, and our service is Free to the renter. The most difficult part of securing a good Hartford commercial property is negotiating a fair and working lease. Call us at 866-321-5542 or search any of our new Hartford office space listings online. We also service commercial properties in New Haven, Boston, NYC, Providence and all of Virginia.
For most companies, with 10, 25, or 50 employees, it's a big risk to lease a Hartford commercial property or executive suite. One thing a business owner must do, is to decide what amenities the staff and employees are going to need. We have compiled a list of amenities that most office buildings offer. Reception Services, Telephone Answering, Service Elevators,Office Facilities, Furnished Options, Meeting Rooms, Admin, Conference Suites, Virtual Office, Private Offices, 24 Hour Access.
The capital city of the state of Connecticut is Hartford. The city has an estimated population of around 124,512 and is ranked as the third largest city in the state. The greater metropolitan area of the city has around 1.1 million residents, and continues to grow. It has a deep history that dates back almost 400 years old, making it one of the oldest cities in the United States, after the American Civil War.
The city of Hartford has a diverse economy, but concentrates largely around insurance. The city has been nicknamed the “Insurance Capital of the World” due in large part to having many of the world’s largest insurance companies located in the area. Some of the larger companies that call the area home include, Travelers, Aetna, The Hartford, The Phoenix Companies, Hartford Steam Boiler, CIGNA, Colt Firearms, U.S. Fire Arms, and many others. We have a whole section on the commercial real estate market across the country - check out our office articles. The area also has a great deal of publishing and manufacturing, and much like other large cities through history, it has moved away from manufacturing. With a diverse array of employment options, it’s interesting to note that the city has an unemployment rate at around 10%, which is higher than the national average. While the city has created some jobs in recent months, and there is a decline in the overall unemployment rate, the area still has some hardships in terms of employment opportunities.
The city has a great deal of variations in terms of climate. The area never gets too hot, but does receive a good amount of rain and snow. The average snowfall annually is 49 inches of snow. The spring, summer, and fall months usher in moderate temperatures that range into the upper 70’s. The elevation ranges from sea level to upwards of 300 feet above sea level, and with close proximity to eastward Mountain Ranges, the area receives some severe weather from time to time, but is generally mild.
The real estate market around the country has varied by location, and with the economical downturn in 2009; Hartford has seen a slight decline in home median prices. The median home price in the Hartford area is around $225900. Analysts are optimistic about the real estate values in the area, but the city is not immune to the down turn in the economy.
The mayor of the city of Hartford is Eddie A. Perez. Since getting into office, the mayor has actively worked towards creating more jobs, updating the school districts with lots of time and money spent to create a brighter future for students. The area has seen a drop in crime rates, safer neighborhoods, and great overall quality of life.