On average, listings lease in the $50's per square foot per year. The Downtown Lafayette submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $53 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the East Bay market, the Downtown Lafayette region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 60% of the listings in the Downtown Lafayette are subleases, so you might be able to snag a great spot on a short term. 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 1,710 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1983 and are Class C.
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 occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.