Starting with the equation for Lorentz contraction
$L = \sqrt{1-(v/c)^2}L'$
and making the substitution $v=at$ for small $v$ (see a better substitution in the case of relativistic $v$ two paragraphs down) then taking the derivative of the Lorentz contraction equation with respect to time gives
$$\frac{dL}{dt} = \frac{-tL’(a/c)^2}{\sqrt{1 - (at/c)^2}}$$
which can be thought of as the Lorentz contraction velocity; that is to say, a measure of how fast an object is Lorentz contracting from the point of view of an observer accelerating with respect to that object. Notice the units are m/s just like regular velocity and that this velocity is always opposite to the direction of acceleration.
For velocities near $c$ repeat the derivation using the better substitution $v = c\tanh(at/c)$ to get
$L = \sqrt{1 -\tanh(at/c)^2}L’$
which gives the correct instantaneous Lorentz contraction for velocities near $c$ for proper time $t$ and proper acceleration $a$. Differentiating with respect to $t$ now gives
$$\frac{dL}{dt} = -(a/c)\tanh(at/c)\operatorname{\sec h}(at/c)L'$$
which also has units m/s.
$dL/dt$ is neither linear nor monotonic. It increases to a maximum value then approaches zero asymptotically. The behavior of $dL/dt$ can be seen to rise from zero at $t=0$, achieve a maximum velocity of $aL’/2c$ when $(at/c) = \operatorname{arctanh(\sqrt{2}/2)} = .881$, then fall to zero as $t$ goes to infinity (see https://www.wolframalpha.com/input/?i=y+%3D+-tanh%28x%29sech%28x%29). This equation implies that a suitably large value $L’$ can produce an enormous Lorentz contraction velocity many millions of times the speed of light.
My question: Are superluminal Lorentz contraction velocities real velocities?
An example to consider:
Andromeda is approximately $2.5$ million light years away from the Milky Way. An observer in the Milky Way starts to accelerate towards Andromeda at a constant and comfortable $1g$. At the point of maximum Lorentz contraction velocity, 312 days into the trip as measured by the observer, Andromeda is seen to be approaching the observer at $3.866\times 10^{14}$ m/s. That’s $1.29$ million times the speed of light. The component of this velocity produced by thrust is negligible compared to the component due to continuous, ongoing Lorentz contraction.