Commercial Real Estate Market in Lafayette, LA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
710 active listings and 6,766 off-market properties in Lafayette, LA. Commercial property asks $110/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Lafayette, LA spans 93.1 square miles in Lafayette County, Louisiana. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Lafayette, LA asks $42.85/SF/Yr to lease; the median asking sale price is $154/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Typical asking range for active listings in Lafayette, LA (the middle half): Lease $14.00–$20.00/SF/Yr (median $16.01/SF/Yr, 232 listings); Sale $101–$170/SF (median $154/SF, 57 listings).
Retail
Retail space in Lafayette, LA asks $16.66/SF/Yr to lease; the median asking sale price is $107/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Typical asking range for active listings in Lafayette, LA (the middle half): Lease $15.00–$24.00/SF/Yr (median $18.00/SF/Yr, 93 listings); Sale $61.55–$173/SF (median $107/SF, 42 listings).
Industrial
Industrial space in Lafayette, LA has a median asking sale price of $96/SF. Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Typical asking range for active listings in Lafayette, LA (the middle half): Lease $10.00–$14.83/SF/Yr (median $12.50/SF/Yr, 21 listings); Sale $72.50–$140/SF (median $95.51/SF, 46 listings).
Multifamily
Multifamily space in Lafayette, LA has a median asking sale price of $93/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Typical asking range for active listings in Lafayette, LA (the middle half): Sale $77.16–$118/SF (median $92.50/SF, 37 listings).
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Scott | $106 | $12.86 |
| Broussard | $82 | $10.77 |
| Youngsville | $160 | $23.00 |
Commercial property in Lafayette, LA asks $110/SF. The 3 bordering markets run from $82/SF in Broussard to $160/SF in Youngsville, and the city sits above their $106/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Lafayette?
How much does it cost to lease commercial space in Lafayette?
How does Lafayette compare to nearby markets on price?
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 258 active for-sale and 452 active for-lease listings in Lafayette, LA. The medians are based on 195 of the for-sale and 347 of the for-lease listings, those that state a price or rent per square foot. 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: 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
