Downtown Tacoma Retail

Downtown Tacoma

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
660
As of: August 16, 2017

Downtown Tacoma Rates

On average, listings lease in the $20's per square foot per year. The Downtown Tacoma region is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 6% increase in rent.

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

Downtown Tacoma Listing Supply

In the last 90 days, 9 listings have been made available, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the available leases in the Downtown Tacoma are subleases, so you might be able to find a shorter term or below market rent. 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 660 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1931 and are Class B.

Downtown 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 area. Commute by public transit is the most popular way to get to work amongst Downtown Tacoma residents. Commuting between 30 and 45 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 Downtown Tacoma.
Market Report

Market Data

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

Tacoma Submarkets