Commercial Real Estate Market in Lafayette, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
89 active listings and 2,934 off-market properties in Lafayette, IN.
Market Trends
Lafayette, IN spans 378.8 square miles in Tippecanoe County, Indiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Lafayette, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Lafayette, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Lafayette, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Lafayette, IN has a median asking sale price of $119/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43%
- Industrial 29.2%
- Commercial 17.6%
- Special 4.6%
- Planned_development 3.1%
- Civic 0.7%
Largest Zones share of zoned land by district
Lafayette, IN zones 19,432 acres across 27 districts. Commercial zoning covers 17.6% of zoned land, residential 43% and industrial 29.2%. The largest single district is Industrial at 28.6%. For commercial buyers the practical constraint is that only 46.8% of land carries a commercial or industrial designation.
INDUSTRIAL ZONE. An I1, I2 or I3 zone. INTEGRAL ROOF SIGN. Any sign erected or constructed as an integral or essentially integral part of a normal roof structure of any design, such that no part of the sign extends vertically above the highest portion of the roof and such that no part of the sign is separated from the rest of the roof by a space of more than…
Market overview
Demographics & Economy
Lafayette, IN has 178,463 residents in 76,076 households. Density runs 471 people per square mile. Median household income here is $57,574 and median gross rent $1,106 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Lafayette?
What zoning applies to commercial property in Lafayette?
Where does Realmo's Lafayette market data come from?
Methodology & data sources
- Asking prices and medians
- There are 34 active for-sale and 55 active for-lease listings in Lafayette, IN. The sale median is based on 17 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 19,432 zoned acres across 27 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
