The typical asking rate per listing is in the $60's per square foot per year. The Downtown Lafayette submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $12 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the East Bay market, the Downtown Lafayette region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the available leases in the Downtown 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 4,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area 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 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.