TX - Lubbock
TX - Victoria County
DEMOGRAPHICS
Lubbock, TX
1,799
279,239
111,087
$57,245
101,281
5.3%
Coldwell Banker Commercial
Rick Canup, Realtors
4924 S. Loop 289
Lubbock, TX 79414
(806) 793-0888
www.cbclubbock.com
CONTACT
OFFICE
Vacancy
N
Absorption
N
Rental Rates
N
INDUSTRIAL
Vacancy
Q
Absorption
P
Rental Rates
P
MARKET HIGHLIGHTS
•;The Lubbock Economic Index
finished the year on an upward
trend, increasing for each of the
last three months, and five of
the last seven months.
•;Real spending in Lubbock was
solid in the 4th quarter of 2011,
with inflation-adjusted taxable
Retail spending per Lubbock
sales tax receipts in the 4th
quarter up 6.5% compared to
the fourth quarter 2010.
•;There was no employment
sector that lost jobs in 2011;
even the government sector
grew by nearly 2% year-over-year.
•;The December 2011
unemployment for the South
Plains was 5.5 percent, with the
Lubbock unemployment rate at
5.3 percent.
•;Lubbock will start off 2012
with a $4.1 million sales tax
distribution payment. That
figure is 6.2 percent higher
than the $3.8 million the city
received in January 2010.
•;Texas Tech has completed the
$70 million, 150,000 SF Jerry
Rawls College of Business
building for the Spring
semester.
RETAIL
Vacancy
N
Absorption
N
Rental Rates
N
MULTI-FAMILY
Vacancy
Q
Absorption
P
Rental Rates
P
DEMOGRAPHICS
Victoria, TX
2,248
115,980
41,805
$66,662
41,963
5.8%
Coldwell Banker Commercial
The Ron Brown Company
2505 N. Navarro St.
Victoria, TX 77901
(361) 573-6191
www.cbcworldwide.com
CONTACT
OFFICE
Vacancy
N
Absorption
Q
Rental Rates
N
INDUSTRIAL
Vacancy
N
Absorption
P
48 Rental Rates
P
MARKET HIGHLIGHTS
•;Burk’s Outlet, Shoe Dept.,
Encore and Pier One Imports
open for business.
•;Eagle Ford Shale and Caterpillar
draw people to the area.
•;244-unit market rent Apartment
complex was constructed.
•;There is less than six months in
housing inventory in the market.
•;Housing demand increases
while inventory decreases
and new home construction is
lagging behind demand.
RETAIL
Vacancy
Q
Absorption
P
Rental Rates
N
MULTI-FAMILY
Vacancy
Q
Absorption
P
Rental Rates
P
