Historic Mixed-Use Leasing
For Lease
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625 Commerce St, Tacoma, WA 98402
Renovated in 2025, offering restaurant, retail, and flexible office spaces with access to the Old City Hall light rail stop.
Space Size1,920 SF
Days on Market544
Property Features for 625 Commerce St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
OFFICE
Lease Type
Modified Gross
Site & Location
Neighborhood
New Tacoma
Building Details
Year Renovated
2025
Spaces For Lease
at 625 Commerce St
Old City Hall Building
$4,800/Mo
Floor
3
Size
1,920 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE
Complete Historic Renovation in 2025.
Iconic building and spaces with sweeping views and timeless architecture. Available spaces include:
Restaurant/Food Vendor: 700 - 1,400 RSF accommodating up to 3 unique dining concepts.
Retail: 540 - 2,000 RSF with additional street-level cafe or vendor opportunity to capture building and light rail customers.
Offices: 150 - 9,532 RSF flexible layouts to fit the needs of innovative and growing businesses.
Located at the Old City Hall stop on Tacoma's Link Light Rail, Old City Hall is seamlessly connected to every major downtown market in the Pacific Northwest. Adjacent to dining, shopping, and McMenamins Elk Temple.
Contact us
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 383-8382
Listed By:
John Bauder, CCIM
(253) 238-0043
Source:
Moodyscre
Added: May 12, 2025
Changed: Oct 25
Last Checked: Nov 6 at 7:49AM
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
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Investment Insights
Based on property information with market context.
This historic building completed a full renovation in 2025 and now offers leasing space in multiple formats. Restaurant and food vendor options range from 700 to 1,400 RSF and can accommodate up to three unique dining concepts. Retail spaces are available from 540 to 2,000 RSF, with an additional street-level cafe or vendor opportunity mentioned in the offering. Office suites range from 150 up to 9,532 RSF, with flexible layouts intended to fit a wide range of growing businesses.
The property is located at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless connectivity to major downtown markets across the Pacific Northwest. It is adjacent to dining and shopping, and the listing notes proximity to McMenamins Elk Temple.
Available suites vary by use and size, allowing tenants to select a configuration that matches their operations while remaining within a fully renovated historic setting.
The property is located at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless connectivity to major downtown markets across the Pacific Northwest. It is adjacent to dining and shopping, and the listing notes proximity to McMenamins Elk Temple.
Available suites vary by use and size, allowing tenants to select a configuration that matches their operations while remaining within a fully renovated historic setting.
Key Highlights
- Historic building completed in 2025 renovation
- Restaurant/food vendor space: 700–1,400 RSF for up to 3 unique dining concepts
- Retail space available: 540–2,000 RSF, with street‑level cafe or vendor opportunity
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,596
Businesses Nearby
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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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Market
Lease Benchmarks for Tacoma, WA
$21.54 /SF/Yr
Avg Asking Price
$12–$28 /SF/Yr
Price Range
7,411 SF
Avg Space Size
This space is priced 39% above the average of $21.54 /SF/Yr.
Average Price Trend$/SF/Yr for Office Units in Tacoma, WA
Properties on Market for Office Units in Tacoma
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated in 2025, offering restaurant, retail, and flexible office spaces with access to the Old City Hall light rail stop.
Where is this office unit located?
The property is located at 625 Commerce St Tacoma, WA.
What is the lease rate?
The lease rate is $4,800/Mo.
What are key features of this property?
This property features: Historic building completed in 2025 renovation; Restaurant/food vendor space: 700–1,400 RSF for up to 3 unique dining concepts; Retail space available: 540–2,000 RSF, with street‑level cafe or vendor opportunity
