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Downtown Tacoma Office Space Available
For Lease
$22 SF/Yr

1551 Broadway, Tacoma, WA 98402

Office space for rent in downtown Tacoma near UWT.

Space Size2,325 SF - 7,376 SF
Property Size36,303 SF
Days on Market264

Property Features for 1551 Broadway

General Information

Standard status Active
Size 2,325 SF - 7,376 SF
Class B
Property subtype Office
Lease Term Full Service

Building Details

Building Size 36,303 SF
Year Built 1909

Spaces For Lease

at 1551 Broadway Contact us

Suite 102 $22/SF/Yr

Size
2,325 SF
Term
Negotiable
Contact us

Suite 200 $22/SF/Yr

Size
7,235 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 300 $22/SF/Yr

Size
7,276 SF
Term
Negotiable
Contact us

Suite 400 $22/SF/Yr

Size
7,376 SF
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Lee-associates
Added: Nov 26, 2025 Changed: Aug 16 Last Checked: Aug 17 at 4:39AM

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.

Located between downtown Tacoma and the University of Washington Tacoma campus, this office space is adjacent to the Tacoma Convention Center. The property offers convenient access to light rail, freeways, and parking. The available space features a modern industrial aesthetic, characterized by exposed brick and beam construction. The property has a total size of 36303 square feet. The space is divisible in multiple configurations and offers flexible terms. The property is located on South 17th Street, between Broadway and Commerce in downtown Tacoma.

Key Highlights

  • Premier location between downtown Tacoma and the University of Washington Tacoma campus.
  • Adjacent to the Tacoma Convention Center.
  • Convenient access to light rail, freeways, and parking.

Property Analytics

Current Use

Republic Parking Parking Lot & Garage Artificial Turf Supplier ... Big Box & Wholesale Store Altec Products Inc (Bike/Boat/Book/etc) Store City of Destiny Concrete ... Construction Company Parking Lot A Parking Lot & Garage

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Veterinary Clinic Pet Grooming Service Restaurant Tanning Salon

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,175
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

$19.18 /SF/Yr
Avg Asking Price
$3.11–$26 /SF/Yr
Price Range
9,209 SF
Avg Space Size

This space is priced 15% above the average of $19.18 /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
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Frequently Asked Questions

What type of property is this?
Office units - Office space for rent in downtown Tacoma near UWT.
Where is this office units located?
The property is located at 1551 Broadway Tacoma, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Premier location between downtown Tacoma and the University of Washington Tacoma campus.; Adjacent to the Tacoma Convention Center.; Convenient access to light rail, freeways, and parking.
More about this property
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