South Tacoma Sublease

South Tacoma

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,560
As of: May 23, 2017

South Tacoma Rates

Most listings are in the $10's per square foot per year. The South Tacoma submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 17% decrease in rent.

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

South Tacoma Listing Supply

In the last 90 days, 4 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,560 sqft. Most buildings in this region are close to 2 floors. Most buildings in this area 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 region. 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