Commercial Real Estate Market in Lafayette, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1,785 active listings and 6,772 off-market properties in Lafayette, LA. Commercial property asks $60/SF to buy and $29.36/SF/Yr to lease.
Market Trends
Lafayette, LA spans 93.1 square miles in Lafayette County, Louisiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lafayette, LA asks $19.71/SF/Yr to lease and $97/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Lafayette, LA asks $96.50/SF/Yr to lease and $139/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Lafayette, LA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Lafayette, LA asks $89/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.8%
- Commercial 25.1%
- Industrial 13.9%
- Civic 5.2%
- Mixed use 3.4%
- Planned_development 0.6%
Largest Zones share of zoned land by district
Residential Single Family 1
Commercial Heavy
Industrial Light
Residential Mixed 1
Commercial Mixed 1
Lafayette, LA zones 36,431 acres across 31 districts. Commercial zoning covers 25.1% of zoned land, residential 51.8% and industrial 13.9%. The largest single district is Residential Single Family 1 at 40.9%. For commercial buyers the practical constraint is that only 38.9% of land carries a commercial or industrial designation.
Residential Single Family 1 (RS-1)
The RS districts implement the Residential future land use category of Plan Lafayette by providing for predominantly detached, single family neighborhoods, The dimensional standards accommodate a variety of densities and lot sizes.
Market overview
Demographics & Economy
Lafayette, LA has 154,153 residents in 72,815 households. Density runs 1,655 people per square mile. Median household income here is $67,507 and median gross rent $1,054 a month.
154,153
Population
72,815
Households
2.1
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
93.1 sq mi
ZIP Area
1,655
Density / Sq Mi
$67,507
Median Household Income
$42,586
Median Earnings
$1,054
Median Rent
$237,979
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milton | — | — |
| Scott | — | $13.67 |
| Broussard | — | $23.54 |
| Youngsville | — | $22.84 |
Commercial property in Lafayette, LA asks $60/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lafayette?
Commercial property in Lafayette, LA asks an average of $60 per square foot. The 7 most recent recorded sales traded at a median of $63/SF. Retail carries the highest asking price at $139/SF.
How much does it cost to lease commercial space in Lafayette?
Asking lease rates in Lafayette, LA average $29.36 per square foot per year. Office asks $19.71/SF/Yr as of Q1 26, down from $42.59/SF/Yr in Q4 25.
What zoning applies to commercial property in Lafayette?
Lafayette, LA zones 36,431 acres across 31 districts, of which 25.1% is commercial and 13.9% industrial. The largest single district is Residential Single Family 1 at 40.9% of zoned land. The RS districts implement the Residential future land use category of Plan Lafayette by providing for predominantly detached, single family neighborhoods, The dimensional standards accommodate a variety of densities and lot sizes. Residential zoning covers 51.8% and open space 0%.
Where does Realmo's Lafayette market data come from?
Realmo compiles Lafayette, LA figures from 8 recent recorded sales, 1,122 active sale listings, 663 active lease listings, 6,772 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 1,122 active for-sale and 663 active for-lease listings in Lafayette, LA. 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: 36,431 zoned acres across 31 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 South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
