On average, listings lease in the $20's per square foot per year. The Lubbock submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 91 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the listings in the Lubbock are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,280 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1983 and are Class B.