On average, listings lease in the $20's per square foot per year. The New Tacoma region is going through a decline in rates. In the last 3 months, the median rate fell $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 less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 8 listings have come on the market, which means listings might be leasing quickly. 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.
Even though the median size is 9,160 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1951 and are Class B.
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.