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Downtown Tacoma Retail/Office Building
For Lease
$22 SF/Yr

1122-1132 Broadway, Tacoma, WA 98402

Two-story building in downtown Tacoma with excellent natural light.

Space Size1,087 SF - 4,515 SF
Property Size30,000 SF
Days on Market264

Property Features for 1122-1132 Broadway

General Information

Standard status Active
Size 1,087 SF - 4,515 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 30,000 SF
Year Built 1914

Spaces For Lease

at 1122-1132 Broadway Contact us

1st Floor Retail/Office Suite $22/SF/Yr

Size
4,515 SF
Term
Negotiable
Contact us

2nd Floor Office Suite 202 $22/SF/Yr

Size
1,087 SF
Term
Negotiable
Contact us

2nd Floor Office Suite 207 $22/SF/Yr

Size
1,457 SF
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Tom Brown
Source: Lee-associates
Added: Nov 26, 2025 Changed: Aug 15 Last Checked: Aug 17 at 6:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Commercial Real Estate Services

Investment Insights

Based on property information with market context.

This two-story retail/office building, constructed in 1914 and renovated in 2019, features exceptional natural light. The property is situated in the heart of downtown Tacoma, with primary frontage on Broadway. A private entrance is located off the south side of the building. The location offers convenient access to I-705 and is one block from the Link light rail station. The property is surrounded by restaurants, retail establishments, and museums, and is located just one block from the Farmers Market. Parking options are available in a nearby garage. The building has a property size of 30000 square feet.

Key Highlights

  • Prime downtown Tacoma location with main frontage on Broadway.
  • Renovated in 2019, blending historic charm with modern updates.
  • Excellent access to I‑705 and the Link light rail station.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Veterinary Clinic Garden Center Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,687
Businesses Nearby

Demographics for 98402, WA

8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value

Market

Lease Benchmarks for Tacoma, WA

$19.01 /SF/Yr
Avg Asking Price
$3.11–$26 /SF/Yr
Price Range
4,428 SF
Avg Space Size

This space is priced 16% above the average of $19.01 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Two-story building in downtown Tacoma with excellent natural light.
Where is this retail space located?
The property is located at 1122-1132 Broadway Tacoma, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Prime downtown Tacoma location with main frontage on Broadway.; Renovated in 2019, blending historic charm with modern updates.; Excellent access to I‑705 and the Link light rail station.
More about this property
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