Lafayette Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $14.81 2024 Avg. Asking Rent
  • 12.83% 2024 Office Vacancy Rate

Lafayette office price per square foot in 2024 was $14.81 on average. The local office market recorded an average vacancy rate of 12.83% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Indiana Class A & A+ Office Space$25.33
  • Indiana Class B Office Space$18.68
  • Indiana Class C Office Space$20.61

Lafayette, IN Office Asking Rents by Class

2024 Office Vacancy Rates in Lafayette

Submarket Asking Rents Vacancy Rates
Lafayette - Central $15.71 7.90%
Lafayette - East $11.19 12.19%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Lafayette market was 12.83% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Lafayette was 7.90% in the Lafayette - Central submarket, while the highest office vacancy in the market was 12.19%, recorded in Lafayette - East.

Office Spaces for Rent in Indiana

Coworking Spaces in Indiana

Largest Office Properties Recently Completed in Lafayette
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

Worth noting among recent office completions on the Lafayette market is Wabash Headquarters, which is currently the largest new office development in the city, at 35,538 square feet.

Data provided by Yardi Research

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Lafayette commercial properties sized 25,000 square feet or larger.

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.