On average, listings lease in the $20's per square foot per year. The London Lane Apt region is going through a a boost in rates. In the last 3 months, the median rate rose $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 made available, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the office spaces in the London Lane Apt are subleases, so you might be able to snag a great spot on a short term. 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 market are around 8 floors. Most buildings in this area were built in 1979 and are Class B.
Public administration is the dominant industry in this region. 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.