Lacey, WA Commercial Real Estate for Lease and Sale

Explore 61 listings of Lacey commercial real estate to find the best space for your business.

Hawks Prairie Shopping Center

8205 Martin Way East, Tanglewilde East, Lacey, WA
Property Type

Retail
For Lease

$21.00/SF/YR
1 space available / 1,530 SF
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Lacey Business Park - Building 5

9222 Polaris Lane NE, Christa Heights, Lacey, WA
Property Type

Industrial
For Lease Contact for pricing

1 space available / 61,430 SF
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4550 3rd Ave SE

4550 3rd Ave SE, The Park, Lacey, WA
Property Type

Retail
For Lease Contact for pricing

2 spaces available / 2,206 - 5,525 SF
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Lacey Corporate Center Land

5100 Corporate Center CT SE, Kensington - Lexington, Lacey, WA
Property Type

VacantLand
For Sale

$760,000
Property size 1.43 Acre
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4520 32ND LN SE

4520 32ND LN SE, Lakeview Estates, Lacey, WA
Property Type

VacantLand
For Sale

$1,250,000
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South Sound Center - 651 Sleater Kinney Road SE

651 Sleater Kinney Road SE, The Park, Lacey, WA
Property Type

Retail
For Lease Contact for pricing

2 spaces available / 10,000 SF
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Hawks Rest

8845 Tallon Ln NE, Tanglewilde East, Olympia, WA
Property Type

Retail
For Lease

$24.96/SF/YR
2 spaces available / 5,324 - 5,564 SF
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8286 28th Ct NE

8286 28th Ct NE, Christa Heights, Lacey, WA
Property Type

Office
For Sale

$5,100,000
Property size 18,300 SF
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4516-4518 Intelco Loop SE

4516 Intelco Loop SE, Kensington - Lexington, Lacey, WA
Property Type

VacantLand
For Sale

$731,808
Property size 2.1 Acre
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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 Lacey commercial real estate market incorporates 667,806 square feet of office space across 15 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. The Lacey commercial real estate market includes 1,442,919 square feet of retail space in a variety of settings.
- 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. Across the Lacey market, there is a total of 4,297,514 square feet of industrial property.
The listing inventory in Lacey 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 Lacey is represented by Industrial space, which accounts for 2,209,857 square feet of available listings. Office space available in Lacey adds up to 415,598 square feet.

Meanwhile, most of the listings of commercial property for sale in Lacey 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.
The average rent for commercial real estate space listed for lease in Lacey is $20.16 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Lacey can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
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 Lacey, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Lacey is in the The Park neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the The Park area.

Meanwhile, retail space opportunities are most abundant in the The Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Christa Heights.

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. Asking rents in the city went as high as $30 per square foot. In particular, the property type commanding the highest lease rates in Lacey was Retail space.

Conversely, the highest sale price last year was $15,500,000 that is located at 4525 3rd Avenue SE.
The average size of a commercial property in Lacey 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 Lacey, the average size of an office property is 51,370 square feet.
- Retail properties here incorporate an average of 72,146 square feet.
- Industrial space in Lacey is in buildings that are, on average 613,931 square feet in size.

Lacey, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Lacey currently add up to 3,249,552 square feet. The market offers 12 active office listing(s), which amount to 412,175 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 357,205 square feet across 19 retail space(s). Industrial space for rent opportunities in Lacey amount to 2,209,857 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	12	412,175
Retail	19	357,205
Industrial	9	2,209,857
Other	3	270,315

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Lacey, WA. Currently, there is 509,979 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 1 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	2	63,999
Retail	1	57,265
Industrial	1	42,564
Other	11	346,151

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Lacey, WA Commercial Real Estate for Lease and Sale

Hawks Prairie Shopping Center

Lacey Business Park - Building 5

4550 3rd Ave SE

Lacey Corporate Center Land

4520 32ND LN SE

South Sound Center - 651 Sleater Kinney Road SE

Hawks Rest

8286 28th Ct NE

4516-4518 Intelco Loop SE

Frequently Asked Questions

Lacey, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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