Commercial Real Estate Market in West Lafayette, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 633 off-market properties in West Lafayette, IN. Commercial property asks $407/SF to buy and $32.75/SF/Yr to lease.
Market Trends
West Lafayette, IN spans 134.1 square miles in Tippecanoe County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in West 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 West 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 West 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 West Lafayette, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
West Lafayette, IN has 73,596 residents in 28,661 households. Density runs 549 people per square mile. Median household income here is $51,736 and median gross rent $1,157 a month.
73,596
Population
28,661
Households
2.6
Avg Household Size
26
Median Age
62%
College-Educated
96%
High-School Grad
134.1 sq mi
ZIP Area
549
Density / Sq Mi
$51,736
Median Household Income
$18,528
Median Earnings
$1,157
Median Rent
$280,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lafayette | — | — |
| Shadeland | — | — |
| Battle Ground | — | — |
| Montmorenci | — | — |
Commercial property in West Lafayette, IN asks $407/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Lafayette?
Commercial property in West Lafayette, IN asks an average of $407 per square foot.
How much does it cost to lease commercial space in West Lafayette?
Asking lease rates in West Lafayette, IN average $32.75 per square foot per year.
Where does Realmo's West Lafayette market data come from?
Realmo compiles West Lafayette, IN figures from 34 active sale listings, 14 active lease listings, 633 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 34 active for-sale and 14 active for-lease listings in West 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.
- 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
