Mixed-Use Building Fully
For Lease
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625 Commerce St, Tacoma, WA 98402
Historic renovation completed in 2025 offering retail, restaurant, and flexible office space for lease.
Space Size979 SF
Days on Market485
Property Features for 625 Commerce St
General Information
Standard status
Active
Size
979 SF
Property subtype
OFFICE
Lease Type
Modified Gross
Amenities
sweeping views
light rail access
Building Details
Year Renovated
2025
Tenancy
Multi
Spaces For Lease
at 625 Commerce St Contact us- Floor
- 4
- Size
- 979 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Old City Hall Building $2,938/Mo
Complete Historic Renovation in 2025.
Iconic building and spaces with sweeping views...
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Contact us
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 383-8382
Listed By:
John Bauder, CCIM
(253) 238-0043
Source:
Moodyscre
Added: May 12, 2025
Changed: Sep 2
Last Checked: Sep 7 at 10:48AM
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.
Completed historic renovation in 2025 presents an iconic building with a mix of available spaces. Restaurant or food vendor opportunities are offered in suites ranging from 700 to 1,400 RSF, with capacity to support up to three unique dining concepts. Retail space is available from 540 to 2,000 RSF, with additional street-level cafe or vendor opportunity noted to serve building and light rail customers. Flexible office layouts are also available, ranging from 150 to 9,532 RSF, designed to accommodate a range of business needs.
Located at 625 Commerce St, Tacoma, the property is at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless connection to major downtown markets across the Pacific Northwest. The building is adjacent to dining and shopping and includes proximity to McMenamins Elk Temple.
Located at 625 Commerce St, Tacoma, the property is at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless connection to major downtown markets across the Pacific Northwest. The building is adjacent to dining and shopping and includes proximity to McMenamins Elk Temple.
Key Highlights
- Historic renovation completed in 2025, offering retail, restaurant/food vendor, and flexible office space for lease.
- Restaurant/food vendor space available from 700 to 1,400 RSF for up to 3 unique dining concepts.
- Retail space available from 540 to 2,000 RSF, with potential for a street‑level cafe or vendor opportunity.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,596
Businesses Nearby
Explore this area
Business Placement
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
$21.3 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
7,569 SF
Avg Space Size
This space is priced 69% above the average of $21.3 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Historic renovation completed in 2025 offering retail, restaurant, and flexible office space for lease.
Where is this office units located?
The property is located at 625 Commerce St Tacoma, WA.
What is the lease rate?
The lease rate is $2,938/Mo.
What are key features of this property?
This property features: Historic renovation completed in 2025, offering retail, restaurant/food vendor, and flexible office space for lease.; Restaurant/food vendor space available from 700 to 1,400 RSF for up to 3 unique dining concepts.; Retail space available from 540 to 2,000 RSF, with potential for a street‑level cafe or vendor opportunity.
