New Tacoma Retail

New Tacoma

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
660
As of: July 22, 2017

New Tacoma Rates

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

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

New Tacoma Listing Supply

In the last 90 days, 9 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the New 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 region are close to 3 floors. Most buildings in this area 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 region. 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