Historic Mixed-Use
For Lease
Contact for pricing
625 Commerce St, Tacoma, WA 98402
Renovated in 2025 offering flexible restaurant, retail, and office space near the Old City Hall light rail stop.
Space Size1,162 SF
Days on Market490
Property Features for 625 Commerce St
General Information
Standard status
Active
Size
1,162 SF
Property subtype
OFFICE
Lease Type
Modified Gross
Building Details
Year Renovated
2025
Spaces For Lease
at 625 Commerce St Contact us- Size
- 1,162 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Old City Hall Building $3,486/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 12 at 9:49AM
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.
The property is an iconic historic building that underwent a complete renovation in 2025 and now offers a mix of restaurant/food vendor, retail, and office space. Available restaurant and food vendor space ranges from 700 to 1,400 RSF, with room for up to three unique dining concepts. Retail space is also available from 540 to 2,000 RSF, with additional street-level cafe or vendor opportunity described for capturing building and light rail customers. Office space spans from 150 up to 9,532 RSF, with flexible layouts to support a range of growing business needs.
The building is located at the Old City Hall stop on Tacoma’s Link Light Rail, with direct connection to major downtown markets in the Pacific Northwest as stated in the remarks. It is adjacent to dining and shopping, and the listing notes proximity to McMenamins Elk Temple.
Spaces are offered for rent in multiple sizes across three primary use types, supporting tenants looking for a historic setting with renovated interiors and flexible configurations.
The building is located at the Old City Hall stop on Tacoma’s Link Light Rail, with direct connection to major downtown markets in the Pacific Northwest as stated in the remarks. It is adjacent to dining and shopping, and the listing notes proximity to McMenamins Elk Temple.
Spaces are offered for rent in multiple sizes across three primary use types, supporting tenants looking for a historic setting with renovated interiors and flexible configurations.
Key Highlights
- Historic renovation completed in 2025
- Restaurant/Food Vendor space: 700–1,400 RSF for up to 3 unique dining concepts
- Retail space available: 540–2,000 RSF plus street‑level cafe or vendor opportunity
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,596
Businesses Nearby
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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
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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
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Frequently Asked Questions
What type of property is this?
Office units - Renovated in 2025 offering flexible restaurant, retail, and office space near the Old City Hall light rail stop.
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 $3,486/Mo.
What are key features of this property?
This property features: Historic renovation completed in 2025; Restaurant/Food Vendor space: 700–1,400 RSF for up to 3 unique dining concepts; Retail space available: 540–2,000 RSF plus street‑level cafe or vendor opportunity
