University Place, WA Commercial Real Estate for Lease and Sale

Explore 15 listings of University Place commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Park Professional Bldg

7350 Cirque Dr W, Cascade Pointe, Tacoma, WA
Property

Office

4,068 SF
Availability

1 Space

893 SF
Year Built

2003
For Lease

$23.00/SF/YR
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4606 BRIDGEPORT WAY W

4606 BRIDGEPORT WAY W, Sunset South, University Place, WA
Property

Office

2,214 SF
For Sale

$690,000
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4914 67th Ave W

4914 67th Ave W, Sunset South, Tacoma, WA
Property

VacantLand

227,819 SF
For Sale Contact for pricing
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7610 40th Street West

7610 40th Street West, Sunset South, University Place, WA
Property

Office

16,150 SF
Availability

2 Spaces

7,190 SF
For Lease

$19.00/SF/YR
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Creek Corner

0 67th Ave W & Bridgeport Way, The Boulders, University Place, WA
Property

VacantLand

62,019 SF
Availability

1 Space

57,000 SF
For Lease Contact for pricing
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3907-3929 Bridgeport Way West & 7303-7305 40th Street West

3907 Bridgeport Way West, The Boulders, Tacoma, WA
Property

Retail

92,296 SF
Availability

1 Space

329 SF
Year Built

1966
For Lease

$1,250.00/MO
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Oakbrook Plaza

8101 Steilacoom Boulevard SW, Custer, Lakewood, WA
Property

Retail

29,984 SF
Availability

2 Spaces

5,681 SF
For Lease

$12.00/SF/YR
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3515 Bridgeport Way West

3515 Bridgeport Way West, The Boulders, Tacoma, WA
Property

Retail

64,606 SF
Availability

2 Spaces

13,212 SF
Year Built

2015
For Lease Contact for pricing
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Chambers Creek Shopping Center

8611 Steilacoom Blvd SW, Oakbrook, Lakewood, WA
Property

Retail

52,352 SF
Availability

1 Space

1,175 SF
For Lease

$16.00/SF/YR
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8524 Steilacoom Blvd SW

8524 Steilacoom Blvd SW, Custer, Lakewood, WA
Property

Office

14,910 SF
Availability

1 Space

2,668 SF
For Lease

$19.00/SF/MO
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7409 Custer Rd W

7409 Custer Rd W, Dower, Lakewood, WA
Property

VacantLand

53,961 SF
For Sale

$1,800,000
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Edgewater Crossing

8813 Edgewater Dr SW, Custer, Lakewood, WA
Property

Retail

3,540 SF
Availability

1 Space

800 SF
Year Built

2006
For Lease

$20.00/SF/YR
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Bridgeport Landing

2700 Bridgeport Way, Johnson Estates, University Place, WA
Property

Retail

36,425 SF
Availability

2 Spaces

19,300 SF
For Lease Contact for pricing
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2650 BRIDGEPORT WAY W

2650 BRIDGEPORT WAY W, Johnson Estates, University Place, WA
Property

Retail

14,490 SF
Year Built

2003
For Sale

$8,360,000
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4019-4023 South Orchard Street

4019 South Orchard Street, South Tacoma, Tacoma, WA
Property

Retail

20,464 SF
Availability

2 Spaces

15,930 SF
For Lease

$1.23 - $1.50/SF/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The University Place commercial real estate market incorporates 4,068 square feet of office space across 1 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in University Place incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in University Place is represented by Office space, which accounts for 893 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in University Place are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in University Place, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in University Place is in the Cascade Pointe neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Cascade Pointe area.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.

The average size of a commercial property in University Place depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In University Place, the average size of an office property is 4,068 square feet.

University Place, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in University Place currently add up to 893 square feet. The market offers 1 active office listing(s), which amount to 893 square feet .

Property Type	Count of Listings	Total SF
Office	1	893

University Place, WA Commercial Real Estate for Lease and Sale

Park Professional Bldg

4606 BRIDGEPORT WAY W

4914 67th Ave W

7610 40th Street West

Creek Corner

3907-3929 Bridgeport Way West & 7303-7305 40th Street West

Oakbrook Plaza

3515 Bridgeport Way West

Chambers Creek Shopping Center

8524 Steilacoom Blvd SW

7409 Custer Rd W

Edgewater Crossing

Bridgeport Landing

2650 BRIDGEPORT WAY W

4019-4023 South Orchard Street

Frequently Asked Questions

University Place, WA Currently Available Listings

Commercial Space for Lease Breakdown

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University Place, WA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in University Place, WA?

What factors affect the price of commercial real estate in University Place, WA?

What are the best areas for commercial real estate in University Place, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in University Place, WA?

University Place, WA Currently Available Listings

Commercial Space for Lease Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us