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 rose $1 per sqft per year. That's a 8% rise in rent.
In the last 90 days, 7 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,080 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 market were built in 1958 and are Class B.
A large portion of this area 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 residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.