On average, listings lease in the $20's per square foot per year. The Lubbock region is going through a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 0% decline in rent.
In the last 90 days, 36 listings have been made available, which means spaces are probably 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 2,160 sqft. Most buildings in this market are close to 1 stories. Most buildings in this market were built in 1983 and are Class A.