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Office Campus with Skybridge Connectivity

950 Broadway, Tacoma, WA 98402

For Lease
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Downtown Tacoma office campus features two connected buildings and a 538-stall parking garage, with a $10M renovation completed.

Space Size2,870 SF
Days on Market251

Property Features for 950 Broadway

General Information

Standard status Active
Size 2,870 SF
Total Parking Spaces 538
Property subtype OFFICE
Lease Type Full Service

Site & Location

Neighborhood New Tacoma

Additional Details

Flexible Term Yes

Amenities

skybridges
atrium

Spaces For Lease

at 950 Broadway
Downtown Office Campus For Lease $28/SF/Yr
Size 2,870 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE
Sublease No
950 Broadway is part of the Tacoma Rhodes Center, 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 at the turn of the century which included a new 6-story atrium in 950 Broadway, a seismic retrofit, and significant upgrades to the building systems. Now under new ownership, the assets are being offered for lease with flexible terms. Tax iD #: 2009060080; 2009070084; 2009080051
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Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: John Bauder, CCIM
Source: Moodyscre
Added: Mar 3 Changed: Nov 2 Last Checked: Nov 8 at 9:04AM

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.

949 Market is part of the Tacoma Rhodes Center, an office campus totaling 1,157,883 square feet in downtown Tacoma. The campus includes two office buildings and a 538-stall parking garage, with the structures connected by skybridges.

Renovations completed around the turn of the century included a new 6-story atrium at 950 Broadway, a seismic retrofit, and significant upgrades to building systems. The property is now under new ownership and is offered for lease with flexible terms.

Additional tax IDs are on file: 2009060080, 2009070084, and 2009080051.

Key Highlights

  • Downtown Tacoma office campus includes two office buildings connected by skybridges
  • Campus totals 1,157,883 SF and includes a 538‑stall parking garage
  • A $10M renovation was completed at the turn of the century, including a new 6‑story atrium in 950 Broadway

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

VSG Marketing Advertising Agency US Census Bureau Government Office The Geneva Foundation Research Foundation Sundance Cafe Food Market Tax Relief Settlement ... Tax Preparation

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Auto Repair Shop Garden Center Veterinary Clinic Storage Facility

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
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,687
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Tacoma, WA

$24.2 /SF/Yr
Avg Asking Price
$16–$30 /SF/Yr
Price Range
16,057 SF
Avg Space Size

This space is priced 16% above the average of $24.2 /SF/Yr.

Average Price Trend$/SF/Yr for Office buildings in Tacoma, WA

$22.9 Jul
$27.33 Aug
$24.2 Sep
$24.2 Oct

Properties on Market for Office buildings in Tacoma

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office building - Downtown Tacoma office campus features two connected buildings and a 538-stall parking garage, with a $10M renovation completed.
Where is this office building located?
The property is located at 950 Broadway Tacoma, WA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Downtown Tacoma office campus includes two office buildings connected by skybridges; Campus totals 1,157,883 SF and includes a 538‑stall parking garage; A $10M renovation was completed at the turn of the century, including a new 6‑story atrium in 950 Broadway
(253) 238-0043 · Office Call to check price and availability
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