Most listings are in the $40's per square foot per year. The Downtown Lafayette submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 27% decline in rent.
Compared to the rest of the East Bay market, the Downtown Lafayette region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 5 listings have been made available, which means listings are probably 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 1,510 sqft. Most buildings 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 market. Commute by car is the most popular way to get to work amongst Downtown Lafayette occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.