On average, listings lease in the $50's per square foot per year. The Lafayette submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 26% rise in rent.
Compared to the rest of the East Bay market, the Lafayette submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 19 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 11% of the office spaces in the Lafayette are subleases, so you might be able to find a shorter term or below market rent. 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 1,560 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1981 and are Class B.