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Historic Renovation Office Space
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625 Commerce St, Tacoma, WA 98402

Completely renovated historic building offering flexible office layouts for growing and established teams.

Property Size150 SF - 9,532 SF
Days on Market447

Property Features for 625 Commerce St

General Information

Standard status Active
Size 150 SF - 9,532 SF
Net Rentable 150 SF
Property subtype OFFICE
Lease Type SF/yr

Space & Availability

Available Space 150-9,532 SF
Space Use Office

Additional Details

Public Transit Yes

Building Details

Year Renovated 2025
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Moodyscre
Added: May 12, 2025 Changed: Jul 30 Last Checked: Aug 1 at 12:24PM

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 office space is in a historic building that completed a complete historic renovation in 2025. The available office configurations range from 150 to 9,532 RSF, with flexible layouts designed to accommodate a variety of office needs.

The building is located at 625 Commerce St, Tacoma, WA 98402, at the Old City Hall stop on Tacoma’s Link Light Rail. It is described as seamlessly connected to major downtown markets in the Pacific Northwest, and the property is adjacent to dining, shopping, and McMenamins Elk Temple.

In addition to office space, the building also lists restaurant/food vendor and retail availability, including options ranging by RSF. This mix of uses can support convenient day-to-day access for office tenants and their customers.

Key Highlights

  • Complete historic renovation completed in 2025
  • Office space available from 150 to 9,532 RSF with flexible layouts
  • Located at 625 Commerce St, Tacoma, WA 98402

Property Analytics

Current Use

Old City Hall ... Coworking & Hybrid Office Pastoral Therapy Associates Family Counselor Clock Tower Tour Operator

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Pet Grooming Service Tanning Salon Veterinary Clinic Furniture & Home Goods

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
$4.41 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,596
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

$22.22 /SF/Yr
Avg Asking Price
$3.23–$81.73 /SF/Yr
Price Range
4,222 SF
Avg Space Size

This space is priced 32% above the average of $22.22 /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?
Office units - Completely renovated historic building offering flexible office layouts for growing and established teams.
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 $2,937 /Mo.
What are key features of this property?
This property features: Complete historic renovation completed in 2025; Office space available from 150 to 9,532 RSF with flexible layouts; Located at 625 Commerce St, Tacoma, WA 98402
(253) 238-0043 Call to check price and availability
More about this property
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