Marty Cleckler: Market Outlook in Lubbock, TX TCN Worldwide Market Minutes Podcast

Today we talk with Marty Cleckler, MAI, Managing Director of WestMark Commercial in Lubbock, TX about what he's seeing within his market, how Texas Tech impacts their commercial real estate market, and how it compares to other markets throughout the U.S. In this episode, Marty discusses each sector, how Lubbock has developed into an economic and healthcare hub to the region as well as what he see's in the years ahead.
Key Discussion Points
[00:17] Welcome and introduction by Eric Odum
[00:32] About our guest, Marty Cleckler
[01:26] How did you end up with WestMark Commercial? And what's your background?
[02:46] What was the driver behind you joining TCN?
[03:41] What are the drivers in your market, and what makes it different?
[06:20] Give us a high level overview of what you're seeing in each of the major asset classes
[08:37] For new construction, what are you seeing for industrial rates range?
[09:10] What are you seeing in retail?
[12:35] What makes your market unique? And what are the highlights?
[15:47] Tell us about your latest significant deal with Metro Tower
[17:30] How would you talk to agnostic investors about the best opportunities in your market?
[18:30] Where do you see your market headed?
[19:49] What makes your firm stand out in the market?
[20:47] How can folks get in contact with you?