On average, listings lease in the $50's per square foot per year. The Downtown Lafayette region is seeing a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 34% increase in rent.
Compared to the rest of the East Bay market, the Downtown Lafayette region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the listings in the Downtown Lafayette are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,400 sqft. Most properties in this market are close to 2 stories. Most buildings in this market were built in 1983 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Downtown Lafayette residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.