On average, listings lease in the $20's per square foot per year. The Lubbock submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 15% decrease in rent.
In the last 90 days, 87 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Lubbock are subleases, so you will probably have to consider a longer term 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 1,280 sqft. Most buildings in this area are close to 1 floors. Most buildings in this region were built in 1983 and are Class B.