Downtown Lubbock Retail

Downtown Lubbock

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
1,500
As of: July 19, 2017

Downtown Lubbock Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Lubbock submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.

Downtown Lubbock Listing Supply

In the last 90 days, 2 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 350% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,120 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1960 and are Class B.

Downtown Lubbock Community

A large portion of this region 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 occupants. Commuting around 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