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.