Historic Renovated Office
For Lease
Contact for pricing
625 Commerce St, Tacoma, WA 98402
Historic office space with flexible floor plans and nearby Link Light Rail access at the Old City Hall stop.
Space Size1,041 SF
Days on Market493
Property Features for 625 Commerce St
General Information
Standard status
Active
Size
1,041 SF
Net Rentable
150 SF
Property subtype
OFFICE
Lease Type
Modified Gross
Space & Availability
Available Space
150-9,532 SF
Space Use
Office
Additional Details
Public Transit
Yes
Building Details
Year Renovated
2025
Spaces For Lease
at 625 Commerce St Contact us- Size
- 1,041 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE
Old City Hall Building $3,121/Mo
Complete Historic Renovation in 2025.
Iconic building and spaces with sweeping views...
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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: Sep 2
Last Checked: Sep 15 at 4:11AM
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 historic office building completed a complete renovation in 2025 and offers flexible layouts designed to fit a wide range of office requirements. Office space available ranges from 150 to 9,532 RSF.
The building is located at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless access to major downtown markets in the Pacific Northwest. Space is also available for restaurant/food vendor and retail concepts, with additional street-level café or vendor opportunity to capture building and light rail customers.
Adjacent uses include dining, shopping, and McMenamins Elk Temple, supporting a built-in mix of daytime and evening activity. Existing building character and architecture are preserved alongside the 2025 renovation for a distinctive downtown office setting.
The building is located at the Old City Hall stop on Tacoma’s Link Light Rail, providing seamless access to major downtown markets in the Pacific Northwest. Space is also available for restaurant/food vendor and retail concepts, with additional street-level café or vendor opportunity to capture building and light rail customers.
Adjacent uses include dining, shopping, and McMenamins Elk Temple, supporting a built-in mix of daytime and evening activity. Existing building character and architecture are preserved alongside the 2025 renovation for a distinctive downtown office setting.
Key Highlights
- Complete historic renovation completed in 2025
- Flexible office layouts available from 150 to 9,532 RSF
- Office spaces support a broad range of operating needs
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,596
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Tacoma, WA
$24.2 /SF/Yr
Avg Asking Price
$16–$30 /SF/Yr
Price Range
15,959 SF
Avg Space Size
This space is priced 49% above the average of $24.2 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Historic office space with flexible floor plans and nearby Link Light Rail access at the Old City Hall stop.
Where is this office building located?
The property is located at 625 Commerce St Tacoma, WA.
What is the lease rate?
The lease rate is $3,121/Mo.
What are key features of this property?
This property features: Complete historic renovation completed in 2025; Flexible office layouts available from 150 to 9,532 RSF; Office spaces support a broad range of operating needs
