Highlights
- The average rent for office space in Tacoma is $30.79 per square foot, 16.93% higher compared to the previous year.
- The market’s vacancy rate stands at 15.09%, lower than the state average of Washington, which is 19.08%.
2025 Office Space Rent & Sales
- $30.79 2025 Avg. Asking Rent
- 16.93% Y-o-Y Avg. Asking Rent Change
- 15.09% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Tacoma?
Average asking rents for office space here stand at $30.79 per square foot. The local office market recorded an average vacancy rate of 15.09% in 2025, unchanged from 15.09% in 2024.
Tacoma, WA Office Asking Rents by Class
What is the average office rent per square foot by property class in WA?
- Avg. Asking Rent Class A & A+$41.77
- Avg. Asking Rent Class B$29.03
- Avg. Asking Rent Class C$21.15
For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.
2025 Office Construction in Tacoma, WA
- Tacoma, WA Total SF completed in 2025 26,057
How much office space was built in Tacoma in 2025?
What are the largest recent office completions in Tacoma?
The largest recent office completion here is Cubework Tacoma at 300,000 square feet, completed in 2019. The next largest completions are Cubework Steele Street and Allenmore Medical Plaza Phase I & II.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Cubework Steele Street | 12005 Steele Street South, 98444 | 273,816 | 2021 |
| Cubework Tacoma | 3320 Lincoln Avenue, 98421 | 300,000 | 2019 |
| 3515 Bridgeport Way West | 3515 Bridgeport Way West, 98466 | 64,606 | 2015 |
| Point Ruston Medical Space | 5005 Main Street, 98407 | 6,000 | 2013 |
| 12th & Union Building | 1201 S Union Ave, 98405 | 5,700 | 2007 |
| Garfield Commons | 208 Garfield Street South, 98444 | 31,881 | 2006 |
| 116th Steele Street South | 116th Steele Street South, 98444 | 4,000 | 2005 |
| Allenmore Medical Plaza Phase I & II | 2202 South Cedar Street, 98405 | 94,136 | 2001 |
| Pearl Place | 6002 North Westgate Blvd, 98406 | 29,508 | 1999 |
| Allenmore Terrace Office Building | 3315 South 23rd Street, 98405 | 59,473 | 1988 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.