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11 Aug, 2026
Analysis | Latest
Lubbock Self-Storage Market Update: Supply Cools Down as Local Economy Booms
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Written by Kenadi Fay

Kenadi Fay Is the Marketing Coordinator at Radius+, where she supports the development and execution of marketing initiatives that translate complex self-storage data into clear, strategic communications. Her role spans content development, campaign coordination, and brand messaging, helping position Radius+ as a trusted source of market intelligence for operators, investors, and developers.

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This week the Radius+ team took a closer look at the Lubbock, TX CBSA.

Historical Supply Growth in Lubbock, TX CBSA:

2020: 1.9%

2021: 1%

2022: 3.3%

2023: 8%

2024: 3.1%

2025: 0%

2026: 0%

Lubbock saw notable supply additions in 2022, 2023, and 2024, creating competitive pressure in the market. The region has experienced strong GDP growth over the past decade, and major employers such as WL Plastics and Leprino Foods have invested over $1 billion and created more than 1,000 new jobs. These economic investments support long-term demand for storage. As supply works through lease-up, rental rates are expected to gradually improve, although development will likely remain subdued until pricing strengthens.