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Tacoma Commerce Building Office Space
For Lease
$30 SF/Yr

950 Pacific Avenue, Tacoma, WA 98402

Office space in Tacoma's Central Business District with modern amenities.

Space Size437 SF - 3,068 SF
Property Size117,808 SF
Days on Market336

Property Features for 950 Pacific Avenue

General Information

Standard status Active
Size 437 SF - 3,068 SF
Class B
Property subtype Office
Lease Term Full Service

Building Details

Building Size 117,808 SF

Spaces For Lease

at 950 Pacific Avenue Contact us

Suite 1020 $30/SF/Yr

Size
1,740 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 1050 $30/SF/Yr

Size
1,946 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 200 $30/SF/Yr

Size
3,068 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 520 $30/SF/Yr

Size
612 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 640 $30/SF/Yr

Size
437 SF
Type
Office Building
Term
Negotiable
Contact us

Suite 705 $30/SF/Yr

Size
1,039 SF
Type
Office Building
Term
Negotiable
Contact us
Listing Agency: Lee & Associates Commercial Real Estate Services
Listed By: John Bauder, CCIM
Source: Lee-associates
Added: Sep 10, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:34AM

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.

Located in the heart of Tacoma’s Central Business District, the Commerce Building offers flexible spaces and is situated near restaurants, green spaces, retail options, and transit. The building is home to many of Tacoma's businesses, non-profits, and government entities. Amenities include a covered sky bridge to a city parking garage. New tenant lounge, conference center and updated common areas are underway. An on-site café is available, and Campfire Coffee is coming soon to the ground floor. The available property offers 117 square feet of space and is suitable for office, retail, coffee shop, or restaurant use.

Key Highlights

  • Prime location in the heart of Tacoma's Central Business District, surrounded by restaurants, green spaces, retail, and transit.
  • Covered sky bridge access to city parking garage.
  • New tenant lounge, conference center, and updated common areas underway.

Property Analytics

Current Use

West Coast Carriers ... Trucking Company BHC Consultants, LLC Civil Engineer Megan Reese, PsyD Physician Merrell Inspection Services Home Inspector Greater Tacoma Community ... Charitable Organization

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center Veterinary Clinic Auto Repair Shop 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
$4.50 /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

Market

Lease Benchmarks for Tacoma, WA

$26.57 /SF/Yr
Avg Asking Price
$22–$32 /SF/Yr
Price Range
17,813 SF
Avg Space Size

This space is priced 13% above the average of $26.57 /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
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Frequently Asked Questions

What type of property is this?
Office building - Office space in Tacoma's Central Business District with modern amenities.
Where is this office building located?
The property is located at 950 Pacific Avenue Tacoma, WA.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Prime location in the heart of Tacoma's Central Business District, surrounded by restaurants, green spaces, retail, and transit.; Covered sky bridge access to city parking garage.; New tenant lounge, conference center, and updated common areas underway.
More about this property
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