The typical asking rate per listing is in the $10's per square foot per year. The Downtown Lubbock submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.
In the last 90 days, 2 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 350% of the available leases in the Downtown Lubbock are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,120 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1960 and are Class B.
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 region. Commute by car is the most popular way to get to work amongst Downtown Lubbock occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.