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Lubbock 2016 INSIGHT Market Trends

Provided by Coldwell Banker Commercial, the 2016 INSIGHT Market Trends includes market data on six Lubbock commercial real estate markets: retail, office, industrial, apartments, student housing and land development.

Lubbock MSA Report

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Smith Travel Research (STR) Report

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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.

 

 



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