Lubbock Market Report
Lubbock commercial real estate market report — 3,257,900 SF tracked across 12 buildings, 21 sale comparables, 75 lease comparables and 18 loans with 9 maturing before 2029.
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 |
Recent sale comparables
| Date | Property | Type | Price | $/SF | Cap | Buyer |
|---|---|---|---|---|---|---|
| 2026-07-21 | 3553 Guadalupe St | Retail | $103.25M | $543.13 | 6.91% | Uplands Realty |
| 2026-02-08 | 2544 E Houston St | Flex | $20.72M | $128.95 | 7.73% | Uplands Realty |
| 2026-02-01 | 3673 Main St | Industrial | $18.19M | $55.93 | 8.32% | Everline Real Estate |
| 2025-05-11 | 2139 E Cesar Chavez St | Retail | $1.65M | $123.36 | 7.98% | Redwood Property Trust |
| 2024-11-20 | 2544 E Houston St | Flex | $17.3M | $107.69 | 5.32% | Silverline Holdings |
| 2024-07-21 | 2898 W 6th St | Industrial | $60.35M | $106.92 | 5.27% | Silverline Holdings |
| 2024-06-14 | 3311 Preston Rd | Industrial | $53.62M | $69.49 | 6.01% | Westbrook Equities |
| 2023-09-24 | 1544 Ross Ave | Office | $13.04M | $165.92 | 5.86% | Ironwood Capital Partners |
| 2023-05-13 | 1544 Ross Ave | Office | $18.89M | $240.34 | 4.62% | Thornfield Investments |
| 2023-05-12 | 2544 E Houston St | Flex | $14.11M | $87.80 | 8.08% | Ironwood Capital Partners |
| 2023-04-21 | 3311 Preston Rd | Industrial | $86.56M | $112.18 | 4.82% | Gulf Coast Realty Partners |
| 2022-07-18 | 1544 Ross Ave | Office | $4.65M | $59.17 | 4.72% | Aldergate Capital |
Debt and rollover exposure
18 loans totalling $585.42M are tracked against Lubbock assets. 9 of them, representing $382.7M, mature before January 2029. Separately, 45 tracked leases covering 1,035,250 SF expire in the same window.
Weighted average coupon on tracked Lubbock debt is 5.22% with average loan-to-value of 59.3%. See how to read a maturity schedule for the refinancing-gap method.
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).
Methodology
Fundamentals are computed from RealStarGlobal's tracked inventory for Lubbock and re-cut on each build (2026-08-26). Sale and lease comparables are the tracked transaction set for assets in this market; loan records derive from recorded mortgages and tracked lender reporting. Property-level inventory in this demonstration dataset is RealStarGlobal sample data — live market activity, deal flow and news come from the Acquirepad CRE intelligence feed. Registry and GIS provenance per jurisdiction is set out in the data sourcing plan. Definitions follow the conventions described in why providers disagree about submarkets.