Highlights
- The average rent for office space in Lafayette is $15.53 per square foot, 4.81% higher compared to the previous year.
- The market’s vacancy rate stands at 11.07%, lower than the state average of Indiana, which is 15.90%.
2025 Office Space Rent & Sales
- $15.53 2025 Avg. Asking Rent
- 4.81% Y-o-Y Avg. Asking Rent Change
- 11.07% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Lafayette?
Average asking rents for office space here stand at $15.53 per square foot. The local office market recorded an average vacancy rate of 11.07% in 2025, unchanged from 11.07% in 2024.
Lafayette, IN Office Asking Rents by Class
What is the average office rent per square foot by property class in IN?
- Avg. Asking Rent Class A & A+$26.78
- Avg. Asking Rent Class B$19.27
- Avg. Asking Rent Class C$15.47
For comparison, the average rent for Class A and A+ office space in Indiana was $26.78 per square foot. The state-wide average for Class B space was $19.27 per square foot, and Class C office spaces averaged $15.47 per square foot.
Lafayette, IN Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Lafayette - Central | $18.18 | 9.08% |
| Lafayette - East | $11.19 | 13.35% |
What are the largest recent office completions in Lafayette?
The largest recent office completion here is Unity Healthcare Medical Campus - Unity Medical Pavilion at 70,889 square feet, completed in 2003. The next largest completions are 3589 Sagamore Pkwy N and Unity Healthcare - 1411 South Creasy Lane.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Wabash Headquarters | 3900 McCarty Ln, 47905 | 35,538 | 2009 |
| 3990 State Route 38 | 3990 State Route 38, 47905 | 25,020 | 2007 |
| 3990 State Route 38 | 3990 State Route 38, 47905 | 25,020 | 2007 |
| 3589 Sagamore Pkwy N | 3589 Sagamore Pkwy N, 47904 | 54,000 | 2006 |
| 975 Mezzanine Dr | 975 Mezzanine Dr, 47905 | 7,172 | 2006 |
| Cascada Business Park | 958 Mezzanine Dr, 47905 | 7,040 | 2006 |
| Unity Healthcare Medical Campus - Unity Medical Pavilion | 1345 Unity Place, 47905 | 70,889 | 2003 |
| Unity Healthcare - 1411 South Creasy Lane | 1411 South Creasy Lane, 47905 | 48,478 | 2003 |
| 4050 Britt Farm Dr | 4050 Britt Farm Dr, 47905 | 7,300 | 2001 |
| Retail/Office For Lease | 625 South Earl Avenue, 47905 | 13,640 | 2000 |
See reports for other markets
- Indianapolis Office Rent Price
- Fort Wayne Office Rent Price
- Carmel Office Rent Price
- Merrillville Office Rent Price
- South Bend Office Rent Price
- Seattle Office Rent Price
- Los Angeles Office Rent Price
- Charlotte Office Rent Price
- Atlanta Office Rent Price
- Houston Office Rent Price
- Austin Office Rent Price
- San Antonio Office Rent Price
- Miami Office Rent Price
- Dallas Office Rent Price
- Manhattan Office Rent Price
- San Diego Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.