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Downtown Lafayette Renovated Office Space
For Lease
$1,430/Mo

708 W University Ave, Lafayette, LA 70506

Renovated 2,500 SF office space in downtown Lafayette.

Space SizeContact for details
Days on Market717

Property Features for 708 W University Ave

General Information

Standard status Active
Property subtype Office
Lease Type Full Service

Amenities

Power
Water
Sewer

Building Details

Year Built 1960

Spaces For Lease

at 708 W University Ave Contact us

Available Space $1,430/Mo

Contact us
Listing Agency: Scout Real Estate Co.
Listed By: Braxton Higginbotham · License #995709385
Source: Lacdb.resimplifi
Added: Sep 23, 2024 Changed: Sep 8 Last Checked: Sep 8 at 7:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scout Real Estate Co.

Investment Insights

Based on property information with market context.

This renovated 2,500 square feet professional office space is located in downtown Lafayette. The office features a blend of classic charm and contemporary finishes. The space includes 9 offices, a lobby, a reception area, a kitchen, and 2 bathrooms. Large windows provide natural light. The location offers convenient access to major highways and public transportation. Ample parking is available. The property is near restaurants, coffee shops, and other amenities. This space is suitable for professional services, creative agencies, or growing businesses looking to establish a presence in Lafayette's thriving downtown business district.

Key Highlights

  • Prime downtown Lafayette location with convenient access to restaurants, coffee shops, amenities, major highways, and public transportation.
  • Completely renovated 2,500 SF professional office space.
  • Abundant natural light from large windows.

Property Analytics

Current Use

Menard Law Firm, ... Law Firm John G Poteet ... Law Firm Acadiana Hyperbarics Gym & Fitness Center Hallmark Business Finance ... Loan Service

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Locksmith Catering Service HVAC Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.44 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,843
Businesses Nearby

Demographics for 70506, LA

39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value

Market

Lease Benchmarks for Lafayette, LA

$29.55 /SF/Yr
Avg Asking Price
$1.02–$266 /SF/Yr
Price Range
4,926 SF
Avg Space Size

This space is priced 90% below the average of $29.55 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Renovated 2,500 SF office space in downtown Lafayette.
Where is this office units located?
The property is located at 708 W University Ave Lafayette, LA.
What is the lease rate?
The lease rate is $1,430/Mo.
What are key features of this property?
This property features: Prime downtown Lafayette location with convenient access to restaurants, coffee shops, amenities, major highways, and public transportation.; Completely renovated 2,500 SF professional office space.; Abundant natural light from large windows.
More about this property
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