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 rise 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 higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means new 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 available, so finding a space for a small business might be tough.
Even though the median size is 17,810 sqft, there are still 0 spaces below 2,000 sqft. Most buildings 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 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.