Lafayette, LA Commercial Real Estate — Market Overview
Lafayette is the economic engine of Acadiana and one of South Louisiana’s most active commercial real estate markets. With over 250 commercial property transactions tracked in Lafayette during 2025 — averaging approximately $1.08 million per sale and $144 per square foot — the market continues to demonstrate resilient demand across office, retail, industrial, and land asset classes. Whether you are a first-time investor evaluating owner-occupied properties along Ambassador Caffery Parkway, a national tenant searching for retail space on Johnston Street, or a developer assembling land in North Lafayette, ELIFIN® provides the hyperlocal market intelligence and brokerage expertise required to execute with confidence.
Lafayette Commercial Real Estate Market Snapshot
Data tracked by ELIFIN® | Updated February 2026
TRANSACTIONS (2025)
253+
AVG. SALE PRICE
$1.08M
AVG. PRICE / SF
$144
PRICE RANGE
$100K–$36.9M
Lafayette Submarkets & Commercial Corridors
Understanding Lafayette’s distinct submarkets is essential for identifying the right commercial property. Each corridor serves different tenant profiles, price points, and investment strategies.
Ambassador Caffery Parkway Corridor
Ambassador Caffery Parkway is Lafayette’s premier retail and office corridor, stretching from Interstate 10 south through the heart of the city’s commercial district. Recent sales along this corridor have ranged from $318,000 for mid-size flex space to over $1 million for anchored retail, with price-per-square-foot figures regularly exceeding $140/SF. This corridor is ideal for medical offices, national restaurant concepts, and service-oriented retailers seeking high traffic counts and strong co-tenancy.
Johnston Street Corridor
Johnston Street is one of Lafayette’s longest-established commercial arteries, running east from Downtown through the Oil Center and into South Lafayette. Recent transaction highlights include a $4 million sale at 3605 Johnston Street ($700/SF) and a $2.35 million land acquisition by AMERCO Real Estate Company for 10.78 acres. Johnston Street remains attractive for both owner-occupants and investors due to its mix of infill redevelopment sites, freestanding retail, and highway-adjacent visibility.
Downtown Lafayette & Oil Center
Downtown Lafayette and the adjacent Oil Center represent the cultural and professional core of Acadiana. Properties in this submarket — including addresses along Main Street, Jefferson Street, and Washington Street — appeal to law firms, financial advisors, creative agencies, and hospitality operators. Recent acquisitions by Acadian Ambulance (121 S. Washington Street) and other local tenants reflect continued confidence in Downtown’s revitalization.
Kaliste Saloom Road & River Ranch
The Kaliste Saloom corridor, including the master-planned River Ranch development, is Lafayette’s fastest-growing mixed-use district. Recent sales have ranged from $261,905 for a 3,500 SF office building to $735,000 for a 2,500 SF professional suite ($294/SF) — among the highest per-square-foot prices in the market. This area draws medical, dental, wealth management, and technology tenants seeking a premium address in a walkable environment.
North Lafayette & Industrial
North Lafayette, including corridors along Evangeline Thruway and University Avenue, serves as the market’s industrial and distribution hub. Recent land transactions — such as MMR Constructors’ acquisition of 18.86 acres on Pont Des Mouton Road — underscore ongoing demand from energy services, construction, and logistics companies. Pricing is more favorable here for users requiring large footprints, laydown yards, or heavy-power infrastructure.
South Lafayette, Broussard & Scott
The southern growth corridor extending toward Broussard and Scott continues to attract new residential and commercial development. Land sales on Verot School Road, Cameron Street, and Settlers Trace Boulevard reflect demand from builders, healthcare providers, and convenience retail. Proximity to new subdivisions and the Ambassador Caffery extension makes this submarket appealing for service-based businesses following rooftop growth.
Recent Notable Lafayette Commercial Transactions
The following transactions illustrate the depth and diversity of Lafayette’s commercial real estate market. All data is tracked and verified by ELIFIN®.
| Property | Sale Price | Size | $/SF | Buyer | Date |
|---|---|---|---|---|---|
| 300 Acadian Hills Ln | $36,860,000 | 69,544 SF | $530 | Friends of Lafayette Charter Foundation | Nov 2025 |
| 3605 Johnston St | $4,000,000 | 5,709 SF | $701 | Rue Du Jambon LLC | Dec 2025 |
| 324-330 Dulles Dr | $3,592,200 | 27,179 SF | $132 | LA Community & Technical College System | Dec 2025 |
| Johnston St (Tracts 1 & 2) | $2,347,395 | 10.78 AC | — | AMERCO Real Estate Company | Jan 2026 |
| Bluebird Dr (Lot 8-A) | $2,251,878 | 2.87 AC | — | Igloo Properties I LLC | Jan 2026 |
| 406 Beau Pre Rd | $2,050,000 | 14,240 SF | $144 | Oscar Augusto Montoya | Feb 2026 |
Lafayette, LA Commercial Real Estate Agents – ELIFIN® Team
ELIFIN® is a full-service commercial real estate brokerage headquartered in Louisiana, with dedicated agents specializing in the Lafayette and Acadiana market. Our Lafayette-based brokers handle sales, leasing, tenant representation, and investment advisory across all commercial property types — including office buildings, retail centers, industrial warehouses, multifamily properties, and vacant land. Each agent listed below maintains active deal flow in the Lafayette MSA and surrounding parishes including Lafayette Parish, Vermilion Parish, Acadia Parish, St. Martin Parish, and Iberia Parish.
Why Invest in Lafayette, LA Commercial Real Estate?
Lafayette’s commercial real estate market benefits from several structural advantages that distinguish it from other mid-size Louisiana markets. The metro area — home to approximately 490,000 residents — serves as the regional hub for healthcare (Ochsner Lafayette General, Our Lady of Lourdes), higher education (University of Louisiana at Lafayette), and the energy services industry. These economic anchors generate steady demand for office, medical, and industrial space.
Key market drivers include ongoing infrastructure investment along the Interstate 10 and Interstate 49 corridors, a growing technology and startup ecosystem centered around the University Research Park and the Opportunity Machine, and continued population growth in the southern parishes. Lafayette’s cost of living and cost of doing business remain well below the national average, giving tenants and investors favorable operating economics compared to markets like Houston, Dallas, or Nashville.
In 2025, Lafayette recorded over 250 tracked commercial transactions with an average sale price of $1.08 million — demonstrating a market that is both active and accessible. Compared to 204 transactions tracked during the entirety of 2024, the pace of activity is accelerating, particularly in the retail, medical office, and land categories.
Commercial Property Types Available in Lafayette
ELIFIN® tracks and brokers the full spectrum of commercial real estate asset types in the Lafayette MSA, including office space for sale and lease, retail and restaurant properties, industrial warehouses and flex space, vacant commercial land and development sites, multifamily and apartment investment properties, and medical and professional office buildings. Our proprietary comp database — containing every recorded commercial transaction in Lafayette — enables our clients to make data-informed decisions backed by real market intelligence, not guesswork.
Start Your Lafayette Commercial Property Search
Browse available Lafayette commercial real estate listings above using our integrated search platform powered by Buildout. You can filter by property type, size, price, and location to find the right opportunity. For off-market opportunities, investment analysis, or seller representation, contact the ELIFIN® Lafayette team directly. Our agents are active in the field daily and can provide market tours, lease comparables, and acquisition underwriting tailored to your objectives.
Frequently Asked Questions — Lafayette Commercial Real Estate
What is the average price per square foot for commercial real estate in Lafayette, LA?
Based on ELIFIN®-tracked transaction data, the average sale price per square foot for commercial properties in Lafayette is approximately $144/SF as of early 2026. However, pricing varies significantly by submarket and property type. Premium locations along Kaliste Saloom Road and in River Ranch can exceed $200–$300/SF, while industrial and North Lafayette properties may trade below $75/SF. Contact an ELIFIN® agent for a detailed comp analysis specific to your target area.
How active is the Lafayette commercial real estate market?
Lafayette is one of the most active commercial markets in Louisiana. In 2025, ELIFIN® tracked over 250 commercial real estate transactions in Lafayette alone, with an average sale price of approximately $1.08 million. This represents a significant increase in deal volume compared to 204 transactions recorded in 2024, signaling an accelerating market across office, retail, industrial, and land categories.
What are the best areas to buy commercial property in Lafayette?
The best location depends on your business type and investment strategy. Ambassador Caffery Parkway offers the highest retail visibility and traffic counts. Johnston Street provides established retail and restaurant positioning. Kaliste Saloom Road and River Ranch deliver premium office and mixed-use environments. Downtown Lafayette is ideal for professional services and creative businesses. North Lafayette and the Evangeline Thruway corridor offer the most affordable industrial and flex-space options. ELIFIN® agents can match you with the right submarket based on your needs.
Does ELIFIN handle both sales and leasing in Lafayette?
Yes. ELIFIN® provides full-service commercial real estate brokerage in Lafayette, including property sales, tenant representation, landlord leasing, buyer advisory, and investment disposition. Our Lafayette team specializes in office, retail, industrial, and land transactions across the entire Acadiana region, including Lafayette Parish, Vermilion Parish, St. Martin Parish, Iberia Parish, and Acadia Parish.
What types of commercial properties are available in Lafayette?
Lafayette offers a diverse range of commercial real estate, including office buildings and professional suites, retail shopping centers and freestanding stores, industrial warehouses and distribution facilities, vacant commercial land for development, multifamily and apartment investment properties, and medical and dental office space. ELIFIN® maintains active listings and off-market opportunities across all of these categories.
How can I get commercial real estate market data for Lafayette?
ELIFIN® maintains a proprietary database of every recorded commercial real estate transaction in Lafayette. Our agents can provide detailed market reports, lease comp surveys, and investment analyses for any submarket or property type. Contact our Lafayette office or use the listing search above to begin your research. We also publish regular market insights and transaction reports through The Pulse: Lafayette, our data-driven market research series.