Downtown Lafayette Office Space

Downtown Lafayette

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
890
As of: August 19, 2017

Downtown Lafayette Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Lafayette submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 31% decrease in rent.

Downtown Lafayette Listing Supply

In the last 90 days, 10 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the listings in the Downtown 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 890 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1910 and are Class A.

Downtown Lafayette Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the occupants of Downtown Lafayette work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Lafayette.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Lafayette.
Research

Lafayette Submarkets