Downtown Tacoma Office
For Lease
$28 SF/Yr
950 Broadway & 949 Market, Tacoma, WA 98402
157,883 SF office campus with amenities and flexible terms.
Space SizeContact for details
Property Size157,833 SF
Days on Market254
Property Features for 950 Broadway & 949 Market
General Information
Standard status
Active
Size
157,833 SF
Property subtype
Office
Building Details
Year Built
1919
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
John Bauder, CCIM
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 10
Last Checked: Aug 7 at 2:31AM
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.
The Tacoma Rhodes Center is a 157,883 square foot office campus located in downtown Tacoma. The campus consists of two office buildings, along with a 538-stall parking garage; each of the structures are connected by skybridges. A $10M renovation was completed which included a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. The assets are being offered for lease with flexible terms. Current amenities include an on-site café, a fitness center, multiple building conference rooms, secure storage areas and building signage opportunities. A large 5th floor common conference room can hold up to 150 people. Easy access to major freeways and highways is provided. The property is located two blocks from Tacoma Light Rail, which connects to the major transportation hub at the Tacoma Dome, The University of Washington Tacoma, Tacoma Convention Center and more. The property is located in the desirable downtown Tacoma CBD with numerous restaurants and retail within walking distance. Many area attractions such as museums, theatres, parks and breweries are nearby. All buildings and the parking garage are connected via sky bridges. A major interior renovation is underway. A new restaurant tenant is under construction. An amenity and fitness center are available.
Key Highlights
- Located in the desirable downtown Tacoma CBD with numerous restaurants and retail within walking distance.
- Easy access to major freeways and highways and two blocks from Tacoma Light Rail, connecting to major transportation hubs.
- 157,883 square foot office campus consisting of two office buildings and a 538‑stall parking garage connected by skybridges.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
5,687
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
Market
Lease Benchmarks for Tacoma, WA
$22.9 /SF/Yr
Avg Asking Price
$1.6–$32 /SF/Yr
Price Range
13,826 SF
Avg Space Size
This space is priced 22% above the average of $22.9 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 157,883 SF office campus with amenities and flexible terms.
Where is this office building located?
The property is located at 950 Broadway & 949 Market Tacoma, WA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Located in the desirable downtown Tacoma CBD with numerous restaurants and retail within walking distance.; Easy access to major freeways and highways and two blocks from Tacoma Light Rail, connecting to major transportation hubs.; 157,883 square foot office campus consisting of two office buildings and a 538‑stall parking garage connected by skybridges.
