2023 Office Space Rent & Sales
- $17.57 2023 Avg. Asking Rent
- 10.54% 2023 Office Vacancy Rate
Lafayette office price per square foot in 2023 was $17.57 on average. The local office market recorded an average vacancy rate of 10.54% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Lafayette Class B Office Space$17.57
- Louisiana Class A & A+ Office Space$21.52
- Louisiana Class B Office Space$18.84
- Louisiana Class C Office Space$19.96
Lafayette, LA Office Asking Rents by Class
2023 Office Vacancy Rates in Lafayette
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Lafayette - Central | $19.62 | 5.01% |
Lafayette - North | $18.20 | 1.35% |
Lafayette - West | $17.11 | 49.89% |
Lafayette - Southeast | $16.78 | 4.91% |
Coworking Spaces in Louisiana
- Houston Coworking Space
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Office building | Address | SF | Completed |
---|---|---|---|
110 Matrix Loop | 110 Matrix Loop, 70507 | 18,480 | 1998 |
6413 Johnston Street | 6413 Johnston Street, 70503 | 52,920 | 1987 |
La Rue France Tower | 101 La Rue France, 70508 | 44,957 | 1986 |
Financial Center | 2701 Johnston Street, 70503 | 44,186 | 1983 |
Worth noting among recent office completions on the Lafayette market is 110 Matrix Loop, which is currently the largest new office development in the city, at 18,480 square feet.
See reports for other markets
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- Dallas Office Rent Price
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, 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 CommercialEdge can guarantee that the information provided is complete.