The typical asking rate per listing is in the $10's per square foot per year. The Downtown Lafayette region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
In the last 90 days, 10 listings have come on the market, which means office 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1910 and are Class A.
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 residents 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.