Lubbock, Texas, is a thriving city that offers a unique blend of economic, educational, and healthcare opportunities, making it an ideal location for retail space for lease. With a population of around 250,000, Lubbock is a significant hub for cotton production, and its strong economy is fueled by major industries such as agriculture, healthcare, education, and retail. The city's infrastructure is well-developed, with Lubbock Preston Smith International Airport providing air services, Citibus offering public transportation, and Lubbock Power and Light supplying electricity. Additionally, Lubbock is home to Texas Tech University, which is a major employer and driver of economic growth. The city's vibrant Depot District offers a range of cultural and entertainment venues, including wineries, museums, and historic landmarks, making it an attractive location for businesses and individuals alike.
When it comes to retail space for lease in Lubbock, there are currently 57 listings available, offering a range of options for businesses of all sizes. With average annual rent per square foot of $17 USD and average space sizes of 5,121 square feet, retail space in Lubbock is a valuable investment opportunity. Nearby, you'll find restaurants, medical offices, and office spaces, including popular spots like United Supermarkets and AT&T. The city's strong economy and diverse range of industries make it an attractive location for businesses, and with its rich history, cultural attractions, and vibrant entertainment scene, Lubbock is an excellent choice for retail space for lease.
What is the average cost per square foot for retail space in Lubbock?
The average cost per square foot for retail space in Lubbock is $17 USD per square foot, with 57 available listings ranging in size from 5,121 square feet to 35,895 square feet.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as department stores or grocery stores, can significantly impact surrounding retail space leases in Lubbock, as they attract a high volume of foot traffic, increasing the desirability of nearby retail spaces, which can lead to higher lease rates and a lower vacancy rate, with currently 57 available listings of retail space for lease, averaging $17 USD per square foot, and ranging in size from 5,121 square feet to 35,895 square feet.
