Lubbock, TX
Commercial Real Estate Market Trends & Data

$244 Avg asking sale price
$9,719 Avg asking lease rate
18,344 SF Avg unit lease size
18,354 SF Avg building size for sale
7.11% Average cap rate

Lubbock's Demographic Profile

Lubbock has 106,201 households and a median income of $56,816, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 264,535
# Households 106,201
Median age 33
Median household income $56,816
Avg household size 2.0
Renter-occupied housing units 51,885
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lubbock, TX

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lubbock $303 8,465 SF 8.00%
Plainview $184 4,039 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lubbock $127 20,449 SF 9.01%
Wolfforth $123 30,962 SF 9.01%
Nearby Retail Markets Avg Cost/SF Typical Size
Lubbock $301 8,668 SF
Slaton $83 1,800 SF
New Home $49 20,475 SF
Levelland $2,484 510 SF
Hale Center $113 8,320 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lubbock $95 13,719 SF 8.06%
Tulia $47 3,888 SF 8.13%
Big Spring $97 9,758 SF 6.70%

Commercial Properties For Sale in Lubbock

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

0.48 Acres W 19th

Lubbock, TX 79407

  • 0.48 AC Lot
  • 1 Commercial Lot
  • $135,000
For Sale

5311 Private Road 7320

Lubbock, TX 79424

  • 14,561 SF Industrial Building
  • $1,695,000
For Sale

2602 Avenue A

Lubbock, TX

  • Industrial Building
  • $2,000,000
For Sale

2901 Avenue Q

Lubbock, TX 79411

  • 3,763 SF Office Building
  • $269,000
For Sale

5241 98th St

Lubbock, TX 79424

  • 15,436 SF Office Building
  • 7.97% Cap Rate
  • $3,900,000
For Sale

Office/Warehouse Industrial Property - Tipps

Lubbock, TX 79404

  • 2,448 SF Industrial Building
  • $298,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Lubbock pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lubbock $244 18,354 SF
New Deal $40 112,000 SF
Shallowater $65 10,000 SF
Wolfforth $155 24,359 SF
Slaton $126 12,198 SF

Regional Demographic Comparison

This comparison places Lubbock alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Lubbock or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lubbock 264,535 106,201 33 $56,816 2 51,885 6%
New Deal 200 73 40 $55,714 3 16 2%
Shallowater 3,177 1,114 35 $59,210 3 249 7%
Wolfforth 8,641 2,965 35 $89,824 3 687 12%
Slaton 6,339 2,392 36 $41,666 3 775 7%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lubbock, TX and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Lubbock

View All Commercial Real Estate For Sale in Lubbock
Is Lubbock a good market for a first-time commercial real estate investor?

Lubbock offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Lubbock?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lubbock. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Lubbock?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lubbock. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Lubbock compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lubbock. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Lubbock acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lubbock, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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