New Tacoma Industrial

New Tacoma

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,500
As of: June 25, 2017

New Tacoma Rates

On average, listings lease in the $20's per square foot per year. The New Tacoma submarket is going through a an increase in rates. In the last 3 months, the median rate went up $21 per sqft per year.

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

New Tacoma Listing Supply

In the last 90 days, 9 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 244% of the office spaces in the New 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 1,500 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1954 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 occupants. 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