Hartford Office Suites:

With a large amount of offices in the area, it is no wonder that there are a lot of office space options for businesses of all shapes and sizes to acquire. The office suite vacancy rate of Hartford is nearly 25% and has been hurt by the economical down turn of 2009. While there are many different options to explore for businesses, the area also has a lot of opportunity for entrepreneurs looking for a chance at getting low cost space. A recent survey of available office suite vacancies yielded results as low as $1.50 a square foot for small spaces, and around $0.97 - $1.75 a square foot for larger areas with many amenities to take advantage of. The city has some great executive office suites starting at around, $300 a month for heated space with free first month’s rent. The area also has a good amount of office furniture retailers, which can assist business owners to furnish space with relative ease. If you need to rent an office in nearby New Haven, or other major cities like New York, Philadelphia, or Chicago, we can help there also. One thing to remember is this, before you lease a Hartford office suite you must consider how many employees you have and how many square feet you will need.

Economy / Jobs:

The capital city of the state of Connecticut is Hartford. It is 24 miles south of Springfield, Massachusetts and has an estimated population of 124,512 in the city center and upwards of 1.2 million in the metropolitan area. The area is sometimes referred to as the “Insurance Capital of The World” as it has a great amount of insurance companies. With a deep historical tradition, the city has been growing in recent years.
The local economic picture reflects a large amount of insurance companies. The area is also home to many different industries including publish, high tech, and much more. Some of the major companies that call Hartford home include, Travelers, Aetna, The Hartford, The Phoenix Companies, Hartford Steam Boiler, Colt Firearms, United Technologies, and so much more. Despite the large concentration of large companies, the area has an unemployment rate of 10% and is higher than the national average. There are a large amount of white-collar jobs in the area, and alongside that, a lot of commercial developments hinge in the business sector. Rental prices on office suites have plummeted in recent years due to the bad economy, so now is a good time to sign a lease.

Crime / Soorts:

The city of Hartford has a rich tradition of sports. Even though there are not many professional sports teams, the city is home to the Hartford Wolf Pack, Hartford Colonials, and the Hartford Wanderers. There is a large sector of NCAA sports teams, some of which have national attention for their championship traditions. Some of the most recognized NCAA teams in the area are the University of Connecticut men’s and women’s basketball teams. The women especially have not been defeated in one of the longest streaks in women’s basketball history.
Crime Rates for Hartford Connecticut might surprise some people. The crime rate is roughly 77 per one thousand residents, and is higher than the national average. There are some neighborhoods in the greater metropolitan and suburban areas that have been noted as very safe, while some more urban and industrialized areas have seen an increase of violent crime. Overall, much like many other highly dense cities, the area has crime, and local law enforcement has been raising efforts to help cool the rises.