Commercial Real Estate Market in Lubbock, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,552 active listings and 7,043 off-market properties in Lubbock, TX. Commercial property asks $109/SF to buy and $22.85/SF/Yr to lease.
Market Trends
Lubbock, TX spans 460.0 square miles in Lubbock County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lubbock, TX asks $158/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Lubbock, TX asks $57/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lubbock, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Lubbock, TX asks $105/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 64.6%
- Industrial 21.5%
- Commercial 9.5%
- Planned_development 4.2%
- Civic 0.1%
Largest Zones share of zoned land by district
Low Density Single Family
General Industrial
Light Industrial
Medium Density Residential
High Density Residential
Lubbock, TX zones 77,641 acres across 15 districts. Commercial zoning covers 9.5% of zoned land, residential 64.6% and industrial 21.5%. The largest single district is Low Density Single Family at 57.4%. For commercial buyers the practical constraint is that only 31% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lubbock, TX has 283,176 residents in 125,544 households. Density runs 616 people per square mile. Median household income here is $66,014 and median gross rent $1,151 a month.
283,176
Population
125,544
Households
2.3
Avg Household Size
33
Median Age
34%
College-Educated
89%
High-School Grad
460 sq mi
ZIP Area
616
Density / Sq Mi
$66,014
Median Household Income
$36,996
Median Earnings
$1,151
Median Rent
$187,382
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buffalo Springs | $109 (county avg) | — |
| Ransom Canyon | $109 (county avg) | — |
| Wolfforth | $109 (county avg) | $8.43 |
| New Deal | $109 (county avg) | — |
Commercial property in Lubbock, TX asks $109/SF. The 4 bordering markets run from $109/SF in Buffalo Springs to $109/SF in Buffalo Springs, and the city sits in line with their $109/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lubbock?
Commercial property in Lubbock, TX asks an average of $109 per square foot. Office carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Lubbock?
Asking lease rates in Lubbock, TX average $22.85 per square foot per year.
How does Lubbock compare to nearby markets on price?
Lubbock, TX asks $109/SF against $109/SF in Buffalo Springs, $109/SF in Ransom Canyon, $109/SF in Wolfforth and $109/SF in New Deal.
What zoning applies to commercial property in Lubbock?
Lubbock, TX zones 77,641 acres across 15 districts, of which 9.5% is commercial and 21.5% industrial. The largest single district is Low Density Single Family at 57.4% of zoned land. Residential zoning covers 64.6% and open space 0%.
Where does Realmo's Lubbock market data come from?
Realmo compiles Lubbock, TX figures from 1,243 active sale listings, 309 active lease listings, 7,043 tracked off-market properties, the current Lubbock zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1,243 active for-sale and 309 active for-lease listings in Lubbock, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 77,641 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
