Downtown Tacoma Industrial

Downtown Tacoma

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
660
As of: July 21, 2017

Downtown Tacoma Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Tacoma region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.

Compared to the rest of the Seattle Metropolitan Area market, the Downtown Tacoma region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Downtown Tacoma Listing Supply

In the last 90 days, 9 listings have been posted online, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 200% of the available leases in the Downtown Tacoma are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 660 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this market were built in 1931 and are Class B.

Downtown Tacoma Community

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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Tacoma.
Market Report

Market Data

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

Tacoma Submarkets