New Tacoma Office Space

New Tacoma

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
9,160
As of: December 8, 2016

New Tacoma Rates

On average, listings lease in the $20's per square foot per year. The New Tacoma submarket is experiencing 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 New Tacoma submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

New Tacoma Listing Supply

In the last 90 days, 7 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 buildings in this area 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 market. 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