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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 James McLean

James McLean is the Head of Business Development at Radius+. James helps maintain external relationships with clients and assisting internally with the sales process. He also, manages internal data processes working alongside the operations team to ensure we are supporting high level data quality.

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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.