Downtown Lubbock Retail

Downtown Lubbock

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,500
As of: August 19, 2017

Downtown Lubbock Rates

On average, listings lease in the $10's per square foot per year. The Downtown Lubbock submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 10% rise in rent.

Downtown Lubbock Listing Supply

In the last 90 days, 2 listings have been made available, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 400% of the available leases in the Downtown Lubbock are subleases, so you might be able to snag a great spot on a short term. 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 1,500 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area were built in 1960 and are Class B.

Downtown Lubbock Community

A large portion of this market is residential, but there's plenty of office_space. Arts, entertainment, and restaurants are the dominant industries in this market. 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 Report

Trends and status of the commercial real estate market in Downtown Lubbock.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lubbock.
Research