Most listings are in the $40's per square foot per year. The Downtown Lafayette submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 27% decrease in rent.
Compared to the rest of the East Bay market, the Downtown Lafayette submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 4 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,940 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1983 and are Class B.
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 region. 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.