Bright Divisible Office
For Lease
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1551 Commerce St, Tacoma, WA 98402
Bright office space with exposed brick and beam construction, divisible into multiple configurations for flexible occupancy.
Space Size7,235 SF
Days on Market1204
Property Features for 1551 Commerce St
General Information
Standard status
Active
Size
7,235 SF
Property subtype
OFFICE
Lease Type
Full Service
Additional Details
Highway Access
Yes
Building Details
Construction
brick & beam
Spaces For Lease
at 1551 Commerce St Contact us- Floor
- 2
- Size
- 7,235 SF
- Type
- OFFICE
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE
- Sublease
- No
Suite 200 $22/SF/Yr
Premier location nestled between the heart of downtown Tacoma and the University...
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Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 383-8382
Listed By:
Harrison Laird
(253) 238-0044
Source:
Moodyscre
Added: Jun 1, 2023
Changed: Sep 2
Last Checked: Sep 15 at 7:47AM
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 for-rent office suite features a bright interior with exposed brick and beam construction. The space can be divided into multiple configurations to support different layouts, and offers flexibility on terms.
Located at 1551 Commerce St in Tacoma, the property is positioned between the downtown area and the University of Washington Tacoma campus, with adjacency to the Tacoma Convention Center. Access is convenient to light rail, area freeways, and parking.
For tenants seeking a modern industrial-chic feel and a flexible floor plan, this space provides an adaptable setup within a well-connected downtown/education-convention corridor.
Located at 1551 Commerce St in Tacoma, the property is positioned between the downtown area and the University of Washington Tacoma campus, with adjacency to the Tacoma Convention Center. Access is convenient to light rail, area freeways, and parking.
For tenants seeking a modern industrial-chic feel and a flexible floor plan, this space provides an adaptable setup within a well-connected downtown/education-convention corridor.
Key Highlights
- Bright office space with exposed brick and beam construction
- Space is divisible into multiple configurations for flexible occupancy
- Located between downtown Tacoma and the University of Washington Tacoma campus, adjacent to the Tacoma Convention Center
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,637
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
$21.54 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
7,357 SF
Avg Space Size
This space is priced 2% above the average of $21.54 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Bright office space with exposed brick and beam construction, divisible into multiple configurations for flexible occupancy.
Where is this office units located?
The property is located at 1551 Commerce St Tacoma, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Bright office space with exposed brick and beam construction; Space is divisible into multiple configurations for flexible occupancy; Located between downtown Tacoma and the University of Washington Tacoma campus, adjacent to the Tacoma Convention Center
