Commercial Real Estate Market in Tumwater, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
60 active listings and 648 off-market properties in Tumwater, WA. Commercial property asks $504/SF to buy and $20.35/SF/Yr to lease.
Market Trends
Tumwater, WA spans 173.6 square miles in Thurston County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Tumwater, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Tumwater, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Tumwater, WA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Tumwater, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.1%
- Industrial 28.8%
- Civic 8%
- Commercial 5.8%
- Open space 2.6%
- Mixed use 2.3%
Largest Zones share of zoned land by district
Single Family Low Density Residential
Light Industrial
Single Family Medium Density Residential
Airport Related Industrial
Open Space
Tumwater, WA zones 13,955 acres across 19 districts. Commercial zoning covers 5.8% of zoned land, residential 51.1%, open space 2.6% and industrial 28.8%. The largest single district is Single Family Low Density Residential at 26.4%. For commercial buyers the practical constraint is that only 34.6% of land carries a commercial or industrial designation.
Single Family Low Density Residential (SFL)
It is intended to preserve and establish peaceful low density neighborhoods in which owner occupied single family structures are the dominant form of dwelling unit.
Market overview
Demographics & Economy
Tumwater, WA has 76,696 residents in 33,185 households. Density runs 442 people per square mile. Median household income here is $94,893 and median gross rent $1,623 a month.
76,696
Population
33,185
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
173.6 sq mi
ZIP Area
442
Density / Sq Mi
$94,893
Median Household Income
$56,222
Median Earnings
$1,623
Median Rent
$466,190
Median Home Value
Tools
Nearby Markets
Commercial property in Tumwater, WA asks $504/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tumwater?
Commercial property in Tumwater, WA asks an average of $504 per square foot. The 3 most recent recorded sales traded at a median of $185/SF, so asking sits 172% above the achieved median.
How much does it cost to lease commercial space in Tumwater?
Asking lease rates in Tumwater, WA average $20.35 per square foot per year.
What zoning applies to commercial property in Tumwater?
Tumwater, WA zones 13,955 acres across 19 districts, of which 5.8% is commercial and 28.8% industrial. The largest single district is Single Family Low Density Residential at 26.4% of zoned land. It is intended to preserve and establish peaceful low density neighborhoods in which owner occupied single family structures are the dominant form of dwelling unit. Residential zoning covers 51.1% and open space 2.6%.
Where does Realmo's Tumwater market data come from?
Realmo compiles Tumwater, WA figures from 4 recent recorded sales, 32 active sale listings, 28 active lease listings, 648 tracked off-market properties, the current Tumwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 28 active for-lease listings in Tumwater, WA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 13,955 zoned acres across 19 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
