South Tacoma Office Space

South Tacoma

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
1,040
As of: July 24, 2017

South Tacoma Rates

The typical asking rate per listing is in the $10's per square foot per year. The South Tacoma region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.

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

South Tacoma Listing Supply

In the last 90 days, 4 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the listings in the South 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,040 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1981 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 area. Commute by car is the most popular way to get to work amongst South Tacoma folk. Commuting approximately 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