On average, listings lease in the $20's per square foot per year. The Lafayette submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.
In the last 90 days, 33 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 79% of the available leases in the 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this region were built in 0 and are Class B.