Discover Office Space for Rent in Tacoma, WA

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Available Office Spaces for Lease in Tacoma

Quick Stats for Tacoma Office Property

There is currently 164 office space available for lease or rent in Tacoma, Washington.

According to Newmark Knight Frank office market report, Tacoma has:

  • About 9 million square feet total existing inventory
  • Vacancy rate of 11.0%

Office space for rent in Tacoma is on average $28.00 per square feet for rent a year ($2.33/SF/Mo), which is one of the cheaper markets in Puget Sound. Other areas with affordable office space is Federal Way, Auburn, Kent Valley, Renton, Tukwila, and Seatac/Burien.

Search Tacoma office rental listings below for free and find commercial space to lease. This includes small office space, Coworking Space, Executive Suites, Shared Space, Creative Space, Condos, Office Buildings, Class A, Class B, Class C, and subleases.

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Overview of Tacoma, WA Office Space Rental Market

Tacoma Office Space and Property Rental Market

Tacoma is located in Pierce County, WA close to cities such as Puyallup, Lakewood, Federal Way, Auburn, and Fife. The rental market is one of the largest in Puget Sound, and consists of 9,092,027 square feet of commercial office space. The vacancy rate is at 11.0%, which means for every 100 building or spaces, there’s 11 available for lease. Other areas nearby, such as Southend, are showing ample availability for office space and has a vacancy rate of 19.4%. Because of the amount of availability and tenant demand, office space for rent in Tacoma is on average $28.00/sf/yr – which is one of the areas with affordable office space. Other areas near Tacoma with cheap office space are cities in Southend – this includes Federal Way, Auburn, Kent Valley, Renton, Tukwila, Seatac, and Burien.

New Office Property for Rent Under Construction in Tacoma

There’s a total of 8,830,358 square feet of office buildings and spaces being developed in Puget Sound Market. Most of these commercial office projects are focused in Downtown Seattle, with 6,640,063 square feet under construction. As of Q1 2019, Tacoma has 75,000 square feet of office space and properties under construction. Other areas with new office space are in Kirkland, Bellevue, Renton/Tukwila, and Seatac/Burien.

Tacoma Large Office Space and Property Transactions in 2019

The Puget Sound market is showing high tenant and buyer activity, especially amongst the tech industry. There was at least 2.5 million square feet of large lease and sale transactions – most of them occurred in Seattle CBD. Facebook was one of the largest lease transactions in the area, leasing 337,996 square feet of commercial office. Other key transactions were T-Mobile (162K SqFt) and WeWork (50K SqFt). There were no large office transaction in reported in Tacoma.