The typical asking rate per listing is 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 fell $2 per sqft per year. That's a 9% decrease in rent.
In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings 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 1,330 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this region were built in 1983 and are Class A.