On average, listings lease in the $20's per square foot per year. The London Lane Apt region is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the Houston Metro market, the London Lane Apt submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 4 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the London Lane Apt are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 20,920 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 8 floors. Most buildings in this region were built in 1979 and are Class B.
Public administration is the dominant industry in this market. Most of the folk of London Lane Apt work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.