The typical asking rate per listing is 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% decrease in rent.
Compared to the rest of the Houston Metro market, the London Lane Apt region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been posted online, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the London Lane Apt are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 20,920 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 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.