Downtown Lubbock Commercial Real Estate

Downtown Lubbock

Market Report

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

Downtown Lubbock Rates

On average, listings lease in the $10's per square foot per year. The Downtown Lubbock submarket is experiencing a decrease 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 come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 area are around 2 stories. Most buildings in this area were built in 1960 and are Class B.

Downtown Lubbock Community

A large portion of this area 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.
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