On average, listings lease in the $10's per square foot per year. The London Lane Apt region is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 38% decrease in rent.
Compared to the rest of the Houston Metro market, the London Lane Apt submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 5 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available space in the London Lane Apt are subleases, so you might be able to snag a great spot on a short term. 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 leases below 2,000 sqft. Most properties in this area are around 8 stories. Most buildings in this region were built in 1979 and are Class B.
Public administration is the dominant industry in this region. Most of the residents 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.