Olympia, WA Commercial Real Estate for Lease

3905 Martin Way E

3905 Martin Way E, Mapleview, Olympia, WA
Property

Office

9,600 SF
Availability

2 Spaces

4,095 SF
Year Built

1988
For Lease

$20.00/SF/YR
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Evergreen Plaza

711 Capitol Way South, Downtown Olympia, Olympia, WA
Property

Office

116,214 SF
Availability

8 Spaces

15,970 SF
Year Built

1972
For Lease

$22.00 - $24.00/SF/YR
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Lilly Road Professional Center

128 Lilly Road NE, Mapleview, Olympia, WA
Property

Office

29,112 SF
Availability

1 Space

5,940 SF
Year Built

2006
For Lease

$30.00/SF/YR
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Market Place Office Building

724 Columbia Street NW, Downtown Olympia, Olympia, WA
Property

Office

47,740 SF
Availability

5 Spaces

11,674 SF
Year Built

1998
For Lease

$30.00 - $36.81/SF/YR
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Office Coworking Retail Industrial

Office Retail Land
605 11th Ave SE

605 11th Ave SE, Downtown Olympia, Olympia, WA
Property

Office

17,636 SF
Availability

2 Spaces

5,138 SF
Year Built

1975
For Lease

$12.00/SF/YR
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Eastside Plaza - 1102 & 1300 Quince Street SE

1300 Quince Street SE, Downtown Olympia, Olympia, WA
Property

Office

72,572 SF
Availability

3 Spaces

37,696 SF
Year Built

1983
For Lease

$22.00/SF/YR
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2404 & 2424 Heritage Court SW

2404 Heritage Court SW, Cooper Point, Olympia, WA
Property

Office

35,696 SF
Availability

1 Space

800 SF
Year Built

1992
For Lease

$15.00/SF/YR
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208 State Ave NE

208 State Ave NE, Downtown Olympia, Olympia, WA
Property

Retail

39,584 SF
Availability

1 Space

39,584 SF
For Lease

$3,650.00/MO
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1115 West Bay Drive NW

1115 West Bay Drive NW, West Bay Drive, Olympia, WA
Property

Office

25,440 SF
Availability

1 Space

5,588 SF
Year Built

2006
For Lease

$26.00/SF/YR
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Market Centre

111 Market Street NE, Downtown Olympia, Olympia, WA
Property

Office

48,888 SF
Availability

1 Space

2,100 SF
Year Built

2001
For Lease

$32.00/SF/YR
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Heritage Bank Main Office

201 5th Avenue SW, Downtown Olympia, Olympia, WA
Property

Office

40,354 SF
Availability

2 Spaces

11,740 SF
Year Built

1915
For Lease

$18.00/SF/YR
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Union 400
Regus
400 Union Avenue SE Suiite 200, Olympia, WA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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3315-3425 Pacific Avenue SE

3315 Pacific Avenue SE, Redwood Estates, Olympia, WA
Property

Retail

41,414 SF
Availability Contact for availability
Year Built

1988
For Lease Contact for pricing
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Percival Plaza

606 Columbia Street NW, Downtown Olympia, Olympia, WA
Property

Office

46,907 SF
Availability

6 Spaces

17,065 SF
Year Built

1950
For Lease

$18.00 - $20.00/SF/YR
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Black Hills Medical Park - 402, 404, 405, 410 & 412 Black Hills Lane SW

402 Black Hills Lane SW, Cooper Point, Olympia, WA
Property

Office

38,700 SF
Availability

6 Spaces

13,100 SF
Year Built

1985
For Lease

$23.00/SF/YR
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924 7th Ave SE

924 7th Ave SE, Downtown Olympia, Olympia, WA
Property

Office

3,950 SF
Availability

6 Spaces

830 SF
Year Built

1983
For Lease Contact for pricing
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Ensign Medical Center

3425 Ensign Road NE, Springwood - Amherst, Olympia, WA
Property

Office

29,697 SF
Availability

1 Space

1,362 SF
Year Built

1988
For Lease

$31.00/SF/YR
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Capital Square

2703 Capital Mall Dr SW, Cooper Point, Olympia, WA
Property

Office

9,800 SF
Availability

2 Spaces

4,415 SF
Year Built

1986
For Lease

$15.00/SF/YR
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2420 & 2424 Bristol Court SW

2420 Bristol Court SW, Cooper Point, Olympia, WA
Property

Office

35,696 SF
Availability

1 Space

17,902 SF
Year Built

1989
For Lease

$22.00/SF/YR
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EverWorks
EverWorks
215 Legion Way Southwest, Olympia, WA
Services

Virtual Office

Open Workspace

Meeting Room

Dedicated Desk
Amenities

Cleaning services

Complimentary coffee & tea

Free water

High-speed wifi

Kitchen

Office furniture

Printer

TV/Monitor

White boards

Window view
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1803-1807 Black Lake Blvd SW

1803-1807 Black Lake Blvd SW, Lakemoor, Olympia, WA
Property

VacantLand

68,390 SF
Availability

2 Spaces

68,390 SF
For Lease

$1.47 - $2.00/SF/YR
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1101 Eastside Street Southeast
The Meeting Place
1101 Eastside Street Southeast, Olympia, WA
Services

Event Space

Meeting Room

Dedicated Desk
Amenities

High-speed wifi

Parking

Storage area

TV/Monitor
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Sherwin Williams Plaza

3959 Martin Way #E, Mapleview, Olympia, WA
Property

Retail

11,033 SF
Availability

1 Space

2,000 SF
Year Built

1989
For Lease

$15.00/SF/YR
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312 Capitol Way N

312 Capitol Way N, Downtown Olympia, Olympia, WA
Property

Retail

10,265 SF
Availability

1 Space

10,265 SF
For Lease

$35.00/SF/YR
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3720 - 3726 Pacific Ave SE

3720 - 3726 Pacific Ave SE, Redwood Estates, Olympia, WA
Property

Retail

11,832 SF
Availability

3 Spaces

4,905 SF
Year Built

1981
For Lease

$12.00 - $18.00/SF/YR
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Chandler West

2404 & 2411 CHANDLER CT. SW & 1300 & 1400 S EVERGREEN PARK DR SW, Cooper Point, Olympia, WA
Property

Retail

94,836 SF
Availability

1 Space

36,000 SF
For Lease

$23.50/SF/YR
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521 Union Ave SE

521 Union Ave SE, Downtown Olympia, Olympia, WA
Property

Office

3,502 SF
Availability

2 Spaces

273 SF
Year Built

1940
For Lease

$500.00/YR
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1003 4th Ave E

1003 4TH AVE E, Downtown Olympia, Olympia, WA
Property

Retail

4,200 SF
Availability

1 Space

2,500 SF
For Lease

$14.40/SF/YR
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West Hills II Office Park

1800 Cooper Point Rd SW, Olympia South West Side, Olympia, WA
Property

Office

2,255 SF
Availability

1 Space

2,255 SF
Year Built

2000
For Lease

$23.00/SF/YR
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4014 Martin Way East

4014 Martin Way East, Mapleview, Olympia, WA
Property

Retail

27,245 SF
Availability

1 Space

27,144 SF
Year Built

1995
For Lease

$15.00/SF/YR
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310 Cleveland Ave SE

310 Cleveland Ave SE, Carlyon North, Tumwater, WA
Property

Office

1,200 SF
Availability

1 Space

1,200 SF
Year Built

1954
For Lease

$15.00/SF/YR
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Fourth Avenue Professional Building

1217 4th Ave E, Olympia Eastside, Olympia, WA
Property

Office

4,344 SF
Availability

1 Space

4,344 SF
Year Built

1980
For Lease

$20.00/SF/YR
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101 Capitol Way

101 Capitol Way, Downtown Olympia, Olympia, WA
Property

Office

19,009 SF
Availability

1 Space

893 SF
For Lease

$17.85/SF/YR
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1025 Black Lake Blvd SW

1025 Black Lake Blvd SW, Cooper Point, Olympia, WA
Property

Office

14,256 SF
Availability

1 Space

3,196 SF
For Lease

$16.00/SF/YR
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1226 State Avenue NE

1226 State Avenue NE, Bigelow Highlands, Olympia, WA
Property

Office

2,267 SF
Availability

1 Space

200 SF
Year Built

1990
For Lease

$595.00/MO
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2100 Harrison Avenue NW

2100 Harrison Avenue NW, Cooper Point, Olympia, WA
Property

Retail

67,706 SF
Availability

3 Spaces

7,223 SF
Year Built

1960
For Lease

$18.00 - $28.00/SF/YR
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Fir Grove Business Park

2413 Pacific Ave SE, Olympia Eastside, Olympia, WA
Property

Office

5,019 SF
Availability

1 Space

995 SF
Year Built

1992
For Lease

$2,070.00/MO
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3525-3545 7th Avenue SW

3525-3545 7th Ave SW, Cooper Point, Olympia, WA
Property

Office

33,449 SF
Availability

1 Space

33,449 SF
For Lease

$15.00/SF/YR
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South Sound Office Park - Building 3

3721 Griffin Ln SE, Mapleview, Olympia, WA
Property

Office

3,176 SF
Availability

2 Spaces

2,250 SF
Year Built

2002
For Lease

$13.00 - $17.60/SF/YR
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Columbia Place

500 Columbia St NW, Downtown Olympia, Olympia, WA
Property

Retail

182,017 SF
Availability

1 Space

1,313 SF
Year Built

2018
For Lease

$26.00/SF/YR
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408 Lilly Rd NE

408 Lilly Rd NE, Mapleview, Olympia, WA
Property

Office

4,052 SF
Availability

1 Space

1,085 SF
Year Built

1980
For Lease

$25.44/SF/YR
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520 Lilly Rd NE

520 Lilly Rd NE, Mapleview, Olympia, WA
Property

Office

1,074 SF
Availability

1 Space

624 SF
Year Built

1973
For Lease

$34.62/SF/YR
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1202 Black Lake Blvd SW

1202 Black Lake Blvd SW, Olympia South West Side, Olympia, WA
Property

Industrial

35,896 SF
Availability

4 Spaces

15,040 SF
Year Built

1967
For Lease

$0.50 - $1.15/SF/MO
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1415 Harrison Ave NW

1415 Harrison Ave NW, Olympia South West Side, Olympia, WA
Property

Office

9,535 SF
Availability

1 Space

2,213 SF
Year Built

1985
For Lease

$20.00/SF/YR
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Capitol Lake View Retail

2300 EVERGREEN PARK DR., Cooper Point, Olympia, WA
Property

Retail

130,094,130,094 SF
Availability

1 Space

10,000 SF
For Lease

$12.00/SF/YR
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203 4th Ave E Olympia

203 4th Ave E Olympia, Downtown Olympia, Olympia, WA
Property

Office

27,000 SF
Availability

13 Spaces

4,062 SF
Year Built

1926
For Lease

$20.69 - $716.00/SF/YR
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Percival Creek

2114 Caton Way SW, Olympia South West Side, Olympia, WA
Property

Office

7,640 SF
Availability

1 Space

1,085 SF
Year Built

2007
For Lease

$2,327.00/MO
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4538 Martin Way E

4538 Martin Way E, Mapleview, Olympia, WA
Property

Retail

8,300 SF
Availability

1 Space

664 SF
Year Built

2014
For Lease

$2,000.00/MO
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Parkmont View

2627 Parkmont Ln SW, Olympia South West Side, Olympia, WA
Property

Office

4,364 SF
Availability

1 Space

1,175 SF
For Lease

$25.53/SF/YR
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410 11th Avenue SE

410 11th Avenue SE, Downtown Olympia, Olympia, WA
Property

Office

18,530 SF
Availability

1 Space

1,270 SF
For Lease

$21.97/SF/YR
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Smyth Landing

1801 West Bay Dr NW, West Bay Drive, Olympia, WA
Property

Office

23,557 SF
Availability

2 Spaces

3,007 SF
Year Built

2007
For Lease

$26.95/SF/YR
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Carnegie Building

620 Franklin St SE, Downtown Olympia, Olympia, WA
Property

Office

10,000 SF
Availability

1 Space

10,000 SF
Year Built

1914
For Lease

$18.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Olympia commercial real estate market incorporates 982,455 square feet of office space across 53 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Olympia commercial real estate market includes 130,094,712,685 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Olympia market, there is a total of 35,896 square feet of industrial property.

The listing inventory in Olympia incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Olympia is represented by Office space, which accounts for 239,405 square feet of available listings. Retail space available in Olympia adds up to 161,839 square feet.

Meanwhile, most of the listings of commercial property for sale in Olympia are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Olympia is $20.22 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Olympia can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Olympia, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Olympia is in the Downtown Olympia neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Olympia area.

Meanwhile, retail space opportunities are most abundant in the Downtown Olympia submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Olympia South West Side.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $36.14 per square foot. In particular, the property type commanding the highest lease rates in Olympia was Office space.

The average size of a commercial property in Olympia depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Olympia, the average size of an office property is 21,358 square feet.
Retail properties here incorporate an average of 7,652,630,158 square feet.
Industrial space in Olympia is in buildings that are, on average 35,896 square feet in size.

Olympia, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Olympia currently add up to 502,413 square feet. The market offers 43 active office listing(s), which amount to 248,812 square feet and account for 66% of commercial spaces on the market. Local retail availability includes 122,255 square feet across 19 retail space(s). Industrial space for rent opportunities in Olympia amount to 15,040 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	43	248,812
Retail	19	122,255
Industrial	1	15,040
Other	2	116,306

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Olympia, WA. Currently, there is 1,037,870 square feet of commercial property for sale here , which includes 10 office building(s) for sale , 1 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	10	200,777
Retail	1	3,136
Industrial	1	8,200
Other	7	825,757

Olympia, WA Commercial Real Estate for Lease

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Olympia, WA?

What factors affect the price of commercial real estate in Olympia, WA?

What is the average rent for commercial space in Olympia, WA?

What are the best areas for commercial real estate in Olympia, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Olympia, WA?

Olympia, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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