South Tacoma Retail Space

South Tacoma

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,040

South Tacoma Rates

On average, listings lease in the $10's per square foot per year. The South Tacoma region is seeing a an increase in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the South Tacoma submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

South Tacoma Listing Supply

In the last 90 days, 103 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings in the South Tacoma are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,040 sqft. Most properties in this area are close to 1 floors. Most buildings in this market were built in 1980 and are Class B.

South Tacoma Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst South Tacoma folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in South Tacoma.
Research