Olympia, WA Commercial Real Estate for Lease and Sale

Explore 80 listings of Olympia commercial real estate to find the best space for your business.

Parkmont Office Park

2604 12th Ct SW, Olympia South West Side, Olympia, WA
Property

Office

7,273 SF
Availability

1 Space

655 SF
For Lease

$15.02/SF/YR
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Arc Building

2600 Martin Way E, Olympia Upper East Side, Olympia, WA
Property

Office

10,135 SF
Availability

1 Space

1,350 SF
For Lease

$17.32/SF/YR
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Black Hills Lane #A

403 Black Hills Ln SW, Cooper Point, Olympia, WA
Property

Office

1,475 SF
For Sale

$335,000
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2627 - 2629 Parkmont Ln SW #102

2627 - 2629 Parkmont Ln SW, Cooper Point, Olympia, WA
Property

Office

1,408 SF
For Sale

$389,000
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Office Coworking Retail Industrial

Office Retail Land
620 Plum St SE

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

Retail

3,136 SF
Year Built

1930
For Sale

$790,000
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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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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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2401 Bristol Ct SW

2401 Bristol Ct SW, Cooper Point, Olympia, WA
Property

Office

2,264 SF
Availability

2 Spaces

2,264 SF
For Lease

$23.71 - $24.00/SF/YR
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1305 Cooper Point Rd

1305 Cooper Point Rd, Cooper Point, Olympia, WA
Property

VacantLand

12.33 Acre
For Sale Contact for pricing
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3009 Pacific Avenue SE

3009 Pacific Avenue SE, Redwood Estates, Olympia, WA
Property

Office

13,832 SF
Availability

2 Spaces

4,215 SF
For Lease

$27.00/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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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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402 Washington St NE

402 Washington St NE, Downtown Olympia, Olympia, WA
Property

Retail

6,900 SF
Availability

1 Space

1,200 SF
Year Built

1936
For Lease

$15.00/SF/YR
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317 State Ave NE

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

VacantLand

0.33 Acre
For Sale

$900,000
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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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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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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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234 8th Ave SE

234 8th Ave SE, Downtown Olympia, Olympia, WA
Property

Office

13,858 SF
Year Built

1967
For Sale

$1,300,000
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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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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

$1,750.00/MO
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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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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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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

$35.70/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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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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1025 Black Lake Blvd SW - Building 2

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

Office

3,196 SF
For Sale

$475,000
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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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301-303 Capitol Way N & 302 Columbia St NW

301 - 303 Capitol Way N, Downtown Olympia, Olympia, WA
Property

Retail

12,120 SF
For Sale

$1,650,000
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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 468,934 square feet. The market offers 46 active office listing(s), which amount to 237,428 square feet and account for 71% of commercial spaces on the market. Local retail availability includes 150,838 square feet across 16 retail space(s). Industrial space for rent opportunities in Olympia amount to 12,278 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	46	237,428
Retail	16	150,838
Industrial	1	12,278
Other	1	68,390

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 233,564 square feet of commercial property for sale here , which includes 12 office building(s) for sale , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	12	205,381
Retail	2	15,256
Other	6	12,927

Olympia, WA Commercial Real Estate for Lease and Sale

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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