Downtown Lubbock Industrial

Downtown Lubbock

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,100

Downtown Lubbock Rates

On average, listings lease in the $10's per square foot per year. The Downtown Lubbock region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 9% decrease in rent.

Downtown Lubbock Listing Supply

In the last 90 days, 40 listings have been made available, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Downtown Lubbock 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market were built in 1960 and are Class B.

Downtown Lubbock Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by car is the most popular way to get to work amongst Downtown Lubbock folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Lubbock.
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