Office Campus with Skybridge
For Lease
Contact for pricing
950 Broadway, Tacoma, WA 98402
Downtown Tacoma office campus includes two connected buildings, a 538-stall parking garage, and a major renovation.
Space Size1,250 SF
Days on Market1288
Property Features for 950 Broadway
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
538
Property subtype
OFFICE
Lease Type
Full Service
Additional Details
Flexible Term
Yes
Spaces For Lease
at 950 Broadway
Downtown Office Campus For Lease
$35/SF/Yr
Floor
4
Size
1,250 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
949 Market is part of the Tacoma Rhodes Center, a ±157,883 square foot office campus located in downtown Tacoma. The campus consists of two office buildings, along with a 538-stall parking garage; each of the structures are connected by skybridges. A $10M renovation was completed at the turn of the century which included a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. Now under new ownership, the assets are being offered for lease with flexible terms.
Tax iD #: 2009060080; 2009070084; 2009080051
Contact us
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 383-8382
Listed By:
John Bauder, CCIM
(253) 238-0043
Source:
Moodyscre
Added: Mar 30, 2023
Changed: Sep 1
Last Checked: Oct 5 at 8:11PM
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.
949 Market is part of the Tacoma Rhodes Center, a 1,157,883-square-foot office campus in downtown Tacoma. The campus includes two office buildings connected by skybridges, along with a 538-stall parking garage.
A $10M renovation was completed at the turn of the century and included construction of a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. Under new ownership, the campus is being offered for lease with flexible terms.
Tax IDs include 2009060080, 2009070084, and 2009080051.
A $10M renovation was completed at the turn of the century and included construction of a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. Under new ownership, the campus is being offered for lease with flexible terms.
Tax IDs include 2009060080, 2009070084, and 2009080051.
Key Highlights
- Downtown Tacoma office campus totaling 1,157,883 SF across two office buildings
- Two buildings connected by skybridges
- 538‑stall parking garage on‑site
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,687
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Tacoma, WA
$24.2 /SF/Yr
Avg Asking Price
$16–$30 /SF/Yr
Price Range
15,719 SF
Avg Space Size
This space is priced 45% above the average of $24.2 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Downtown Tacoma office campus includes two connected buildings, a 538-stall parking garage, and a major renovation.
Where is this office building located?
The property is located at 950 Broadway Tacoma, WA.
What is the lease rate?
The lease rate is $35 SF/Yr.
What are key features of this property?
This property features: Downtown Tacoma office campus totaling 1,157,883 SF across two office buildings; Two buildings connected by skybridges; 538‑stall parking garage on‑site
