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1551 Commerce St, Tacoma, WA

Bright office space with industrial chic vibe near UW Tacoma.

Space Size2,325 SF - 7,376 SF
Lot Size0.17 Acres
Days on Market1454

Property Features for 1551 Commerce St

General Information

Standard status Active
Size 2,325 SF - 7,376 SF
Lot size 0.17 Acres
Property subtype OFFICE
Lease Type Full Service

Spaces For Lease

at 1551 Commerce St Contact us

Suite 300 $22/SF/Yr

Floor
3
Size
7,276 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Premier location nestled between the heart of downtown Tacoma and the University...
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Suite 400 $22/SF/Yr

Floor
4
Size
7,376 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Premier location nestled between the heart of downtown Tacoma and the University...
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Contact us

Suite 102 $22/SF/Yr

Floor
1
Size
2,325 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Premier location nestled between the heart of downtown Tacoma and the University...
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Contact us

Suite 200 $22/SF/Yr

Floor
2
Size
7,235 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Premier location nestled between the heart of downtown Tacoma and the University...
show more
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: Harrison Laird
Source: Moodyscre
Added: Aug 25, 2022 Changed: Aug 8 Last Checked: Aug 17 at 1:16PM

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 situated in a prime location between downtown Tacoma and the University of Washington Tacoma campus, adjacent to the Tacoma Convention Center. The property benefits from convenient access to light rail, freeways, and parking facilities. The space features a modern industrial chic aesthetic, characterized by exposed brick and beam construction, creating a bright and visually appealing environment. The property encompasses 7,376 square feet and includes 7 parking stalls in the rental rate, with additional stalls available. The space is divisible into multiple configurations, offering flexible terms to prospective tenants.

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.
  • 7 parking stalls included in rate**, with additional stalls available.

Property Analytics

Current Use

Office Units

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

1,113
Businesses Nearby

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Bright office space with industrial chic vibe near UW Tacoma.
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: 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.; 7 parking stalls included in rate**, with additional stalls available.
(253) 238-0044 Call to check price and availability
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