Commercial Real Estate Market in Lafayette, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
163 active listings and 2,934 off-market properties in Lafayette, IN. Commercial property asks $3/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Lafayette, IN spans 378.8 square miles in Tippecanoe County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lafayette, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Lafayette, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Lafayette, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
Industrial
General Business
Single Family Residential
Single Family Residential
Single Two And Multifamily Residential
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 (I3)
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.
178,463
Population
76,076
Households
2.3
Avg Household Size
29
Median Age
44%
College-Educated
93%
High-School Grad
378.8 sq mi
ZIP Area
471
Density / Sq Mi
$57,574
Median Household Income
$31,545
Median Earnings
$1,106
Median Rent
$231,506
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Lafayette | — | — |
| Shadeland | — | — |
| Battle Ground | — | — |
| Dayton | — | — |
Commercial property in Lafayette, IN asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lafayette?
Commercial property in Lafayette, IN asks an average of $3 per square foot.
How much does it cost to lease commercial space in Lafayette?
Asking lease rates in Lafayette, IN average $12.00 per square foot per year.
What zoning applies to commercial property in Lafayette?
Lafayette, IN zones 19,432 acres across 27 districts, of which 17.6% is commercial and 29.2% industrial. The largest single district is Industrial at 28.6% of zoned land. 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… Residential zoning covers 43% and open space 0%.
Where does Realmo's Lafayette market data come from?
Realmo compiles Lafayette, IN figures from 90 active sale listings, 73 active lease listings, 2,934 tracked off-market properties, the current Lafayette zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 90 active for-sale and 73 active for-lease listings in Lafayette, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
