On average, listings lease in the $20's per square foot per year. The London Lane Apt submarket is experiencing 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 less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the London Lane Apt are subleases, so you might be able to find a shorter term or below market rent. 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 spaces below 2,000 sqft. Most buildings in this area are around 8 stories. Most buildings in this market 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.