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Class A Office Space
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2702 S 42nd St, Tacoma, WA 98409

Two office suites are available on the 2nd and 3rd floors with space for tenant customization.

Space Size13,712 SF
Property Size29,469 SF
Days on Market457

Property Features for 2702 S 42nd St

General Information

Standard status Active
Size 13,712 SF
Net Rentable 13,712 SF
Class A
Property subtype OFFICE
Lease Type Full Service

Space & Availability

Available Space 13,712-29,469 SF
Contiguous Space 15,757 SF
Divisible Yes
Space Use Office

Lease Terms

Lease Rate $32 /USD/SF/YR
Monthly Rent $36,565-$78,584
Rent per SF/Year $32

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Parking Ratio 5 per 1,000 SF

Spaces For Lease

at 2702 S 42nd St Contact us

Suburban Office Space On The Market $32/SF/Yr

Floor
3
Size
13,712 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Total Available: 29,469 SF 2nd Floor Available Size: 15,757 SF 3rd Floor Available...
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Listing Agency: NWC - KV LLC
Listed By: Bruce Valentine · License #FA.100041477
Source: Moodyscre
Added: May 13, 2025 Changed: Aug 8 Last Checked: Aug 12 at 12:09PM

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 NWC - KV LLC

Investment Insights

Based on property information with market context.

Class A office building offering two available suites on the 2nd floor and 3rd floor, with sizes of 15,757 SF and 13,712 SF, respectively. The spaces can be modified for tenant needs. The property is listed as full service with a lease rate of $32/SF/YR. Parking is available at a ratio of 5 per 1,000.

The building is adjacent to Tacoma Mall and provides easy access to major freeways. Additional nearby amenities include shopping, restaurants, and bus lines.

This listing represents a total of 29,469 SF of office space currently available within the building, with the opportunity to select either floor area based on operational requirements.

Key Highlights

  • Total available office space: 29,469 SF across the 2nd and 3rd floors
  • 2nd floor available: 15,757 SF; 3rd floor available: 13,712 SF
  • Lease rate: $32/SF/YR, full service

Property Analytics

Current Use

Mark Sundberg, DDS Dental Office Dr. Brent Hassel, ... Dental Office TRES WEST ENGINEERS, ... Electrical Engineer Jeffrey L. Okey, ... Physician MetLife Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Florist Butcher Pet Grooming Service Restaurant

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

Yes
Highway access
Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,423
Businesses Nearby

Demographics for 98409, WA

27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
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 67% 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 - Two office suites are available on the 2nd and 3rd floors with space for tenant customization.
Where is this office units located?
The property is located at 2702 S 42nd St Tacoma, WA.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Total available office space: 29,469 SF across the 2nd and 3rd floors; 2nd floor available: 15,757 SF; 3rd floor available: 13,712 SF; Lease rate: $32/SF/YR, full service
(253) 779-2400 Call to check price and availability
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