On average, listings lease in the $20's per square foot per year. The London Lane Apt submarket is going through 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 submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means new availabilities might be going fast. 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 area are approximately 8 floors. Most buildings in this area were built in 1979 and are Class B.
Public administration is the dominant industry in this area. Most of the occupants 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.