1459 University Ave$25.64 – $31.22/SF/yr FS
Lubbock Commercial Real Estate Market
Lubbock CRE market data: 12 buildings, 3,257,900 SF of inventory, Industrial vacancy 2.7% and average asking rent $9.82/SF. Browse 12 live listings.
12Buildings tracked
3,257,900 SFInventory
3,593,063Population
2.6%Employment growth
12Live listings
1Submarkets
Lubbock fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 3 | 1,661,400 | 2.7% | $9.82 | -2.4% | 7.50% | $520 |
| Office | 5 | 1,109,200 | 45.6% | $23.14 | 1.7% | 7.85% | $302 |
| Retail | 2 | 203,500 | 16.8% | $43.89 | 1.8% | 7.74% | $147 |
| Flex | 1 | 160,700 | 0.0% | $14.80 | 5.1% | 6.16% | $519 |
| Multi-Family | 1 | 123,100 | 6.2% | $25.03 | 2.8% | 5.98% | $135 |
Vacancy, asking rent and cap-rate series are maintained per market and property type and re-cut nightly. Full 12-quarter history, absorption and construction pipeline are in the RealStar.
Featured Lubbock listings
2139 E Cesar Chavez St$45.64 – $55.56/SF/yr NNN
185 San Felipe StRate on request
3673 Main St$8.70 – $10.59/SF/yr NNN
Century Tower$10.05 – $12.23/SF/yr NNN
2898 W 6th St$10.72 – $13.05/SF/yr NNN
Brazos Park$14.80 – $18.01/SF/yr NNN
Bluebonnet Tower$21.99 – $26.77/SF/yr FS
Century Building$20.60 – $25.07/SF/yr FS
Brazos Tower$22.03 – $26.82/SF/yr FS
Legacy Gateway$25.46 – $31.00/SF/yr FS
3553 Guadalupe St$42.13 – $51.29/SF/yr NNN
12 commercial properties are tracked in Lubbock, representing 3,257,900 SF of rentable building area, of which 593,400 SF is currently marketed as available.
Asking rents average $24.97 per square foot per year, the median marketed suite is 45,400 SF, and listings have been on market a median of 424 days.
The stock splits 7 Class A, 4 Class B, 1 Class C, with construction dates from 1918 to 2021 (median 1977).
Lubbock cities
Lubbock submarkets
Lubbock space by property type
Office for lease in LubbockIndustrial for lease in LubbockRetail for lease in LubbockMulti-Family for lease in LubbockFlex for lease in Lubbock
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCHoustonRichmondSan AntonioNorthern New JerseyEl PasoBeaumontLaredoMidland-OdessaCorpus ChristiWaco-Temple
Market fundamentals are RealStarGlobal analytics derived from tracked inventory. Transaction and news signals come from the Acquirepad CRE feed. Registry, assessor and GIS provenance for every jurisdiction is documented in the data sourcing plan.
Frequently asked questions
How large is the Lubbock commercial real estate market?
RealStarGlobal tracks 12 buildings totalling 3,257,900 SF across 5 property types in Lubbock.
What is the vacancy rate in Lubbock?
Industrial 2.7%; Office 45.6%; Retail 16.8%; Flex 0.0%; Multi-Family 6.2%.
What are asking rents in Lubbock?
Industrial $9.82/SF/yr (-2.4% YoY); Office $23.14/SF/yr (1.7% YoY); Retail $43.89/SF/yr (1.8% YoY); Flex $14.80/SF/yr (5.1% YoY); Multi-Family $25.03/SF/yr (2.8% YoY).
What cap rates are assets trading at in Lubbock?
Industrial 7.50% at $520/SF; Office 7.85% at $302/SF; Retail 7.74% at $147/SF; Flex 6.16% at $519/SF; Multi-Family 5.98% at $135/SF.
What are the submarkets of Lubbock?
Lubbock.
How many people live in the Lubbock market?
The Lubbock market has a population of 3,593,063 with employment growth of 2.6% year over year.
How do I get Lubbock lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Lubbock are in the RealStar, and available programmatically through the MCP server.