South Tacoma Industrial

South Tacoma

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,500
As of: February 18, 2017

South Tacoma Rates

The typical asking rate per listing is in the $30's per square foot per year. The South Tacoma submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $32 per sqft per year.

Compared to the rest of the Seattle Metropolitan Area market, the South Tacoma region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

South Tacoma Listing Supply

In the last 90 days, 4 listings have come on the market, which means office spaces 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 available, 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 properties in this region are close to 2 stories. Most buildings in this area 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 market. Commute by car is the most popular way to get to work amongst South Tacoma occupants. Commuting around 10 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 South Tacoma.
Market Report

Market Data

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

Tacoma Submarkets