2022 Office Space Rent & Sales
- $25.30 2022 Avg. Asking Rent
- 10.64% 2022 Office Vacancy Rate
- $69M2022 Total Office Sales
- $209.78Avg. Sale Price/SF
Tacoma office price per square foot in 2022 was $25.30 on average. The local office market recorded an average vacancy rate of 10.64% across all asset classes combined. The 4 transactions that closed here throughout 2022 amounted to a total sale volume of $69M. Tacoma office space commanded an average sale price per square foot of $209.78.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Tacoma Class B Office Space$28.49
- Tacoma Class C Office Space$18.50
- Washington Class A & A+ Office Space$47.56
- Washington Class B Office Space$30.70
- Washington Class C Office Space$21.02
Tacoma, WA Office Asking Rents by Class
Tacoma Office Sale Price per SF
- $209.782022 Avg. Price per SF
- 6.16%Y-o-Y Avg. PpSF Change
- $69M2022 Office Sales Volume
- 42022 Number of Transactions
Tacoma, WA Sale Price per SF Trend
- Tacoma Avg. Sale Price per SF in 2022$209.78
- Washington Avg. Sale Price per SF in 2022$429.34
2022 Office Sales Volume
- Tacoma, WA Total Office Sales Volume in 2022 $69M
- Tacoma, WA Total Number of Office Sales Closed in 2022 4
Largest Tacoma Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Columbia Bank Center | 1301 A Street | 1/5/2022 | $58,300,000 |
Merit Building | 615 South 9th Street | 4/29/2022 | $6,225,000 |
737 Fawcett Avenue | 737 Fawcett Avenue | 8/22/2022 | $3,606,857 |
Tacoma Armory | 1001 South Yakima Avenue | 8/5/2022 | $865,000 |
Coworking Spaces in Washington
- Los Angeles Coworking Space
- Los Angeles Coworking Space
- Denver Coworking Space
- San Francisco Coworking Space
- San Francisco Coworking Space
- San Diego Coworking Space
- San Diego Coworking Space
- Las Vegas Coworking Space
- Las Vegas Coworking Space
- Seattle Coworking Space
- Phoenix Coworking Space
- Phoenix Coworking Space
- Irvine Coworking Space
- Irvine Coworking Space
- Portland Coworking Space
- Scottsdale Coworking Space
- Portland Coworking Space
- Sacramento Coworking Space
- Scottsdale Coworking Space
- Sacramento Coworking Space
- Salt Lake City Coworking Space
- Salt Lake City Coworking Space
- Long Beach Coworking Space
- San Jose Coworking Space
- Oakland Coworking Space
- Tacoma Coworking Space
- Bellevue Coworking Space
- San Jose Coworking Space
- Oakland Coworking Space
- Carlsbad Coworking Space
2022 Office Construction in Tacoma, WA
Office building | Address | SF | Completed |
---|---|---|---|
2502 Pacific Avenue | 2502 Pacific Avenue, 98402 | 64,394 | 2024 |
Cubework Steele Street | 12005 Steele Street South, 98444 | 273,816 | 2021 |
3610 South 17th Street | 3610 S 17TH ST, 98405 | 9,431 | 2021 |
Cubework Tacoma | 3320 Lincoln Avenue, 98421 | 300,000 | 2019 |
3515 Bridgeport Way West | 3515 Bridgeport Way West, 98466 | 64,606 | 2015 |
Pacific Plaza | 1250 Pacific Avenue, 98402 | 102,187 | 2010 |
Foremost Building | 2413 Pacific Avenue, 98402 | 26,500 | 2010 |
Centre Square Professional Building | 5006 Center Street, 98409 | 26,317 | 2008 |
12th & Union Building | 1201 S Union Ave, 98405 | 5,700 | 2007 |
1430 S Union Ave | 1430 S Union Ave, 98405 | 5,737 | 2005 |
Worth noting among recent office completions on the Tacoma market is 2502 Pacific Avenue, which is currently the largest new office development in the city, at 64,394 square feet.
See reports for other markets
- Seattle Office Rent Price
- Bellevue Office Rent Price
- Spokane Office Rent Price
- Vancouver Office Rent Price
- Redmond Office Rent Price
- Bothell Office Rent Price
- Olympia Office Rent Price
- Kirkland Office Rent Price
- Denver Office Rent Price
- Dallas Office Rent Price
- Atlanta Office Rent Price
- Washington Office Rent Price
- Charlotte Office Rent Price
- Chicago Office Rent Price
- New York City Office Rent Price
- Austin Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Tacoma commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.