Olympia, WA Commercial Real Estate for Lease - 46 Listings

203 4th Ave E Olympia

203 4th Ave E Olympia, Downtown Olympia, Olympia, WA
Property

Office

27,000 SF
Availability

13 Spaces

4,062 SF
Year Built

1926
For Lease

$20.69 - $716.00/SF/YR
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Black Hills Medical Park - 402, 404, 405, 410 & 412 Black Hills Lane SW

402 Black Hills Lane SW, Cooper Point, Olympia, WA
Property

Office

38,700 SF
Availability

3 Spaces

4,643 SF
Year Built

1985
For Lease

$23.00/SF/YR
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Market Place Office Building

724 Columbia Street NW, Downtown Olympia, Olympia, WA
Property

Office

47,740 SF
Availability

5 Spaces

16,919 SF
Year Built

1998
For Lease

$28.00 - $34.00/SF/YR
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924 7th Ave SE

924 7th Ave SE, Downtown Olympia, Olympia, WA
Property

Office

3,950 SF
Availability

6 Spaces

830 SF
Year Built

1983
For Lease Contact for pricing
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Percival Plaza

606 Columbia Street NW, Downtown Olympia, Olympia, WA
Property

Office

46,907 SF
Availability

1 Space

2,636 SF
Year Built

1950
For Lease

$18.00/SF/YR
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2420 & 2424 Bristol Court SW

2420 Bristol Court SW, Cooper Point, Olympia, WA
Property

Office

35,696 SF
Availability

1 Space

17,902 SF
Year Built

1989
For Lease

$22.00/SF/YR
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Evergreen Plaza

711 Capitol Way South, Downtown Olympia, Olympia, WA
Property

Office

116,214 SF
Availability

10 Spaces

21,037 SF
Year Built

1972
For Lease

$21.00 - $24.00/SF/YR
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Eastside Plaza - 1102 & 1300 Quince Street SE

1300 Quince Street SE, Downtown Olympia, Olympia, WA
Property

Office

72,572 SF
Availability

3 Spaces

37,696 SF
Year Built

1983
For Lease

$22.00/SF/YR
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605 11th Ave SE

605 11th Ave SE, Downtown Olympia, Olympia, WA
Property

Office

17,636 SF
Availability

2 Spaces

5,138 SF
Year Built

1975
For Lease

$12.00/SF/YR
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Capital Square

2703 Capital Mall Dr SW, Cooper Point, Olympia, WA
Property

Office

9,800 SF
Availability

2 Spaces

4,415 SF
Year Built

1986
For Lease

$15.00/SF/YR
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Davis-Williams Building

906 Columbia Street SW, Downtown Olympia, Olympia, WA
Property

Office

53,740 SF
Availability

1 Space

10,766 SF
Year Built

1978
For Lease

$21.00/SF/YR
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Ensign Medical Center

3425 Ensign Road NE, Springwood - Amherst, Olympia, WA
Property

Office

29,697 SF
Availability

1 Space

1,362 SF
Year Built

1988
For Lease

$31.00/SF/YR
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Heritage Bank Main Office

201 5th Avenue SW, Downtown Olympia, Olympia, WA
Property

Office

40,354 SF
Availability

2 Spaces

11,740 SF
Year Built

1915
For Lease

$18.00/SF/YR
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Union 400
Regus
400 Union Avenue SE Suiite 200, Olympia, WA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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400 Union Ave SE

400 Union Ave SE, Downtown Olympia, Olympia, WA
Property

Office

16,642 SF
Availability

2 Spaces

174 SF
For Lease

$450.00/MO
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3905 Martin Way E

3905 Martin Way E, Mapleview, Olympia, WA
Property

Office

9,600 SF
Availability

1 Space

1,610 SF
Year Built

1988
For Lease

$17.00/SF/YR
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Market Centre

111 Market Street NE, Downtown Olympia, Olympia, WA
Property

Office

48,888 SF
Availability

1 Space

2,100 SF
Year Built

2001
For Lease

$32.00/SF/YR
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Lilly Road Professional Center

128 Lilly Road NE, Mapleview, Olympia, WA
Property

Office

29,112 SF
Availability

1 Space

5,940 SF
Year Built

2006
For Lease

$30.00/SF/YR
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2404 & 2424 Heritage Court SW

2404 Heritage Court SW, Cooper Point, Olympia, WA
Property

Office

35,696 SF
Availability

1 Space

800 SF
Year Built

1992
For Lease

$15.00/SF/YR
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EverWorks
EverWorks
215 Legion Way Southwest, Olympia, WA
Services

Virtual Office

Open Workspace

Meeting Room

Dedicated Desk
Amenities

Cleaning services

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Office furniture

Printer

TV/Monitor

White boards

Window view
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Smyth Landing

1801 West Bay Drive, West Bay Drive, Olympia, WA
Property

Office

23,557 SF
Availability

1 Space

1,452 SF
Year Built

2007
For Lease

$28.50/SF/YR
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101 Capitol Way

101 Capitol Way, Downtown Olympia, Olympia, WA
Property

Office

19,009 SF
Availability

2 Spaces

1,180 SF
For Lease

$17.85 - $27.73/SF/YR
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1202 Black Lake Blvd SW

1202 Black Lake Blvd SW, Olympia South West Side, Olympia, WA
Property

Industrial

35,896 SF
Availability

2 Spaces

4,594 SF
Year Built

1967
For Lease

$9.60 - $12.00/SF/YR
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1803-1807 Black Lake Blvd SW

1803-1807 Black Lake Blvd SW, Lakemoor, Olympia, WA
Property

VacantLand

68,390 SF
Availability

2 Spaces

68,390 SF
For Lease

$1.47 - $2.00/SF/YR
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300 Lilly Rd NE

300 Lilly Rd NE, Mapleview, Olympia, WA
Property

Office

2,575 SF
Availability

1 Space

2,575 SF
Year Built

1982
For Lease

$18.00/SF/YR
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Carnegie Building

620 Franklin St SE, Downtown Olympia, Olympia, WA
Property

Office

10,000 SF
Availability

1 Space

10,000 SF
Year Built

1914
For Lease

$18.00/SF/YR
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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 Olympia commercial real estate market incorporates 919,997 square feet of office space across 35 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 Olympia commercial real estate market includes 130,094,613,806 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 Olympia market, there is a total of 49,696 square feet of industrial property.

The listing inventory in Olympia 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 Olympia is represented by Office space, which accounts for 212,982 square feet of available listings. Retail space available in Olympia adds up to 114,400 square feet.

Meanwhile, most of the listings of commercial property for sale in Olympia 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 Olympia is $22.2 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 Olympia 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 Olympia, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Olympia is in the Downtown Olympia neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Olympia area.

Meanwhile, retail space opportunities are most abundant in the Cooper Point submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Olympia South West Side.

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 $62.79 per square foot. In particular, the property type commanding the highest lease rates in Olympia was Office space.

The average size of a commercial property in Olympia 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 Olympia, the average size of an office property is 31,725 square feet.
Retail properties here incorporate an average of 11,826,783,074 square feet.
Industrial space in Olympia is in buildings that are, on average 16,566 square feet in size.

Olympia, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Olympia currently add up to 407,265 square feet. The market offers 31 active office listing(s), which amount to 212,982 square feet and account for 63% of commercial spaces on the market. Local retail availability includes 114,400 square feet across 15 retail space(s). Industrial space for rent opportunities in Olympia amount to 11,493 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	31	212,982
Retail	15	114,400
Industrial	2	11,493
Other	1	68,390

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 Olympia, WA. Currently, there is 970,835 square feet of commercial property for sale here , which includes 5 office building(s) for sale , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	136,284
Industrial	1	6,900
Other	4	827,651

Olympia, WA Commercial Real Estate for Lease - 46 Listings

203 4th Ave E Olympia

Black Hills Medical Park - 402, 404, 405, 410 & 412 Black Hills Lane SW

Market Place Office Building

924 7th Ave SE

Percival Plaza

2420 & 2424 Bristol Court SW

Evergreen Plaza

Eastside Plaza - 1102 & 1300 Quince Street SE

605 11th Ave SE

Capital Square

Davis-Williams Building

Ensign Medical Center

Heritage Bank Main Office

Union 400

400 Union Ave SE

3905 Martin Way E

Market Centre

Lilly Road Professional Center

2404 & 2424 Heritage Court SW

EverWorks

Smyth Landing

101 Capitol Way

1202 Black Lake Blvd SW

1803-1807 Black Lake Blvd SW

300 Lilly Rd NE

Carnegie Building

Frequently Asked Questions

Olympia, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Olympia, WA Commercial Real Estate for Lease - 46 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

What is the average rent for commercial space in Olympia, WA?

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

Olympia, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us