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.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- 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% |
Office Spaces for Rent in Louisiana
Coworking Spaces in Louisiana
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| Office building | Address | SF | Completed |
|---|---|---|---|
| UNITED STATES DEPARTMENT OF VETERAN AFFAIRS BUILDING | 3149 AMBASSADOR CAFFERY PARKWAY, 70506 | 35,367 | 2016 |
| James Devin Moncus Building | 4809 Ambassador Caffery Parkway, 70508 | 99,055 | 2010 |
| 110 Matrix Loop | 110 Matrix Loop, 70507 | 18,480 | 1998 |
| 6413 Johnston Street | 6413 Johnston Street, 70503 | 52,920 | 1987 |
| Parkway Plaza | 201 Energy Parkway, 70508 | 104,411 | 1983 |
| The Financial Center | 2701 Johnston Street, 70503 | 44,186 | 1983 |
| 2201 W. Congress Street, | 2201 W. Congress Street,, 70506 | 4,494 | 1977 |
| Highly-Visible Office Portfolio with Immediate Income | 100 Beauvais Ave, 505 Loire Ave, 70507 | 34,020 | 1860 |
Worth noting among recent office completions on the Lafayette market is UNITED STATES DEPARTMENT OF VETERAN AFFAIRS BUILDING, which is currently the largest new office development in the city, at 35,367 square feet.
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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 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.