The typical asking rate per listing is in the $20's per square foot per year. The London Lane Apt submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $25 per sqft per year.
Compared to the rest of the Houston Metro market, the London Lane Apt region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,750 sqft. Most buildings in this region are approximately 8 floors. Most buildings in this market 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.