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Lubbock 2023 INSIGHT Market Trends
Provided by Coldwell Banker Commercial, the 2023 INSIGHT Market Trends includes market data on eight Lubbock commercial real estate markets: retail (multi-tenant), retail (single-tenant), office, industrial, apartments, student housing, hotels and land development – as well as a summary of important economic trends.
Lubbock MSA Report
Smith Travel Research (STR) Report
Tourism Indicators
The Lubbock MSA’s hotel room revenues stalled briefly during the recession but avoided a major dive (as was seen in much of the U.S.). The region’s hotel revenues have since resumed an upward trajectory in line with pre-recession growth levels. Occupancy rates in the Lubbock MSA outperformed the statewide average by a wide margin a decade ago, but the local rate has since realligned more closely with the statewide average. During the recent post-recession recovery, both the state and local rates have been closely synchronized.
Source: Texas Hotel Performance Factbook produced by Source Strategies, Inc.
Source: Texas Hotel Performance Factbook produced by Source Strategies, Inc.
