On average, listings lease in the $20's per square foot per year. The Downtown Tacoma submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Downtown Tacoma region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 7 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 9,160 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1927 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Downtown Tacoma folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.