New Tacoma Industrial

New Tacoma

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
660
As of: July 27, 2017

New Tacoma Rates

Most listings are in the $20's per square foot per year. The New Tacoma submarket is going through a decrease 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 New Tacoma submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

New Tacoma Listing Supply

In the last 90 days, 9 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 144% of the office spaces in the New Tacoma are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, 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 market are close to 3 floors. Most buildings in this region were built in 1951 and are Class B.

New 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 New Tacoma residents. Commuting more than an hour and a half 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 New Tacoma.
Market Report

Market Data

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

Tacoma Submarkets