2024 Office Space Rent & Sales
- $19.66 2024 Avg. Asking Rent
- 9.92% 2024 Office Vacancy Rate
Lubbock office price per square foot in 2024 was $19.66 on average. The local office market recorded an average vacancy rate of 9.92% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Texas Class A & A+ Office Space$38.26
- Texas Class B Office Space$24.71
- Texas Class C Office Space$19.84
Lubbock, TX Office Asking Rents by Class
2024 Office Vacancy Rates in Lubbock
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| South Lubbock County | $22.00 | 8.05% |
| Outer Lubbock | $20.67 | 9.68% |
| Downtown | $17.00 | 10.78% |
| South Inner Loop | $14.49 | 13.72% |
Coworking Spaces in Texas
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2024 Office Construction in Lubbock, TX
- Lubbock, TX Total SF completed in 2024 41,300
During 2024, 41,300 square feet of new office space were delivered across the market. At the close of 2024, the Lubbock office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 41,300 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 204-206 Slide Road | 204-206 Slide Road, 79416 | 8,330 | 2025 |
| 6301 - 6303 79th Street | 6301 79th St, 79424 | 4,826 | 2025 |
| 6301 - 6303 79th Street | 6301 79th St, 79424 | 4,826 | 2025 |
| Wayne Ave | Wayne Ave, 79424 | 4,489 | 2025 |
| 11702 Frankford Ave | 11702 Frankford Ave, 79424 | 2,480 | 2025 |
| 6305 79th Street | 6305 79th Street, 79424 | 2,353 | 2025 |
| 6305 79th Street | 6305 79th Street, 79424 | 2,353 | 2025 |
| 6311 79th Street | 6311 79th Street, 79424 | 2,330 | 2025 |
| 6311 79th Street | 6311 79th Street, 79424 | 2,330 | 2025 |
| 6925 82nd Street | 6925 82nd Street, 79424 | 2,231 | 2025 |
Worth noting among recent office completions on the Lubbock market is 204-206 Slide Road, which is currently the largest new office development in the city, at 8,330 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Lubbock commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.