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.
In the last 90 days, 40 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1960 and are Class B.
A large portion of this region is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by car is the most popular way to get to work amongst Downtown Lubbock residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Lubbock.
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