Downtown Lubbock Sublease

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Downtown Lubbock

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
7,120
As of: June 25, 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 an increase in rates. In the last 3 months, the median rate went up $18 per sqft per year.

Downtown Lubbock Listing Supply

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.

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 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.

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