Downtown Lubbock Office Space

Downtown Lubbock

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,500

Downtown Lubbock Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Lubbock submarket is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decline in rent.

Downtown Lubbock Listing Supply

In the last 90 days, 40 listings have been posted online, which means office spaces most likley are 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 sign a shorter term by taking over a previous lease. 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 area are around 2 stories. Most buildings in this region 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 area. 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.
Research