On average, listings lease in the $0's per square foot per year. The Downtown Lafayette submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 10 listings have come on the market, which means new listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,800 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market 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 folk 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.