Lafayette, Louisiana, is a city that offers a unique blend of cultural heritage and economic opportunities, making it an attractive location for businesses and individuals alike. With a diverse population of around 130,000, Lafayette has evolved from an agricultural community to a hub for various industries, including technology, healthcare, aerospace, banking, and retail. The city's rich history, cultural landmarks, and vibrant community events, such as the Festivals Acadiens et Cr oles, make it an ideal place to establish a retail space for lease. Lafayette's infrastructure, including Lafayette Regional Airport, Interstate 10, and Interstate 49, provides easy access to major transportation facilities, making it an attractive location for businesses that require convenient transportation options. Additionally, the city's educational institutions, such as the University of Louisiana at Lafayette, and its major amenities, including Lafayette General Health and Our Lady of Lourdes Regional Medical Center, contribute to its appeal as a great place to live and work.
With 25 retail spaces for lease available in Lafayette, businesses can find the perfect location to suit their needs. The average annual rent per square foot is $15 USD, with options ranging from $4 USD to $30 USD per square foot. Retail spaces in Lafayette vary in size, with an average size of 6,695 square feet, and options ranging from 624 to 48,170 square feet. In addition to retail spaces, Lafayette also offers a range of other property types, including restaurants, medical offices, and office spaces. For example, restaurants in Lafayette can be found in popular areas like Downtown Lafayette and River Ranch, while medical offices are often located near major hospitals like Lafayette General Health and Our Lady of Lourdes Regional Medical Center. Office spaces, on the other hand, can be found in various areas, including the University of Louisiana at Lafayette and the Freetown-Port Rico neighborhood. With its unique blend of culture, economy, and infrastructure, Lafayette is an attractive location for businesses looking to establish a retail space for lease.
What is the average cost per square foot for retail space in Lafayette?
The average cost per square foot for retail space in Lafayette is $15 USD per square foot, with available listings totaling 25 and average space sizes ranging from 6,695 square feet to a maximum of 48,170 square feet.
How do anchor tenants affect surrounding retail space leases?
In Lafayette, where there are currently 25 available listings of retail space, anchor tenants play a significant role in shaping the surrounding retail landscape, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and more competitive terms, with average annual rent per square foot at $15 USD and average space size at 6,695 square feet, with some spaces reaching up to 48,170 square feet.
