Tumwater, WA Commercial Real Estate for Lease and Sale

Explore 42 listings of Tumwater commercial real estate to find the best space for your business.

Irving Street Station

1570 Irving Street SW, Tumwater Hill, Tumwater, WA
Property

Office

65,088 SF
Availability

2 Spaces

14,854 SF
Year Built

1973
For Lease

$15.00 - $22.00/SF/YR
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2757 29th Avenue Southwest

2757 29th Avenue Southwest, Mottman - Black Lake, Tumwater, WA
Property

Industrial

1,625 SF
Availability

1 Space

1,625 SF
For Lease Contact for pricing
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9300 Kimmie St SW

9300 Kimmie St SW, Olympia Airport, Olympia, WA
Property

Office

10,000 SF
Availability

1 Space

10,000 SF
Year Built

1989
For Lease

$18.00/SF/YR
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6977 Littlerock Rd SW

6977 Littlerock Rd SW, Littlerock, Tumwater, WA
Property

Office
Year Built

2004
For Sale

$719,000
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What type of listing property are you looking for?

Office Retail Industrial

Office Land
121 T St SW

121 T St SW, Southeast Capitol Boulevard, Tumwater, WA
Property

Office
Year Built

2006
For Sale

$345,000
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Former School and Medical

1625 Mottman Road Southwest, Tumwater Hill, Tumwater, WA
Property

Office

9,654 SF
For Sale

$2,800,000
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Former School or Medical

1625 Mottman Road Southwest, Tumwater Hill, Tumwater, WA
Property

Office

9,654 SF
Availability

1 Space

9,654 SF
For Lease

$17.50/SF/YR
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Mottman Plaza

2620 RW JOHNSON BLVD SW, Mottman - Black Lake, Tumwater, WA
Property

Office

1,296 SF
Year Built

2008
For Sale

$360,000
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Tilley Corporate Center - Lot 8

Tilley CT SE, Olympia Airport, Tumwater, WA
Property

VacantLand

3.08 Acre
Availability

1 Space

3.08 Acre
For Lease Contact for pricing
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Tilley Corporate Center - Lot 7

605 Tilley CT SE, Deschutes, Tumwater, WA
Property

VacantLand

5.3 Acre
Availability

1 Space

5.3 Acre
For Lease Contact for pricing
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6128 Capitol Blvd S

6128 Capitol Blvd S, Southeast Capitol Boulevard, Tumwater, WA
Property

Office

7,200 SF
Year Built

1989
For Sale

$1,200,000
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Tilley Corporate Center - Lot 4

591 Tilley CT SE, Olympia Airport, Tumwater, WA
Property

VacantLand

2.08 Acre
Availability

1 Space

2.08 Acre
For Lease Contact for pricing
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Tumwater Washington 98501

741 Airport Ct SE, Olympia Airport, Olympia, WA
Property

VacantLand

0.81 Acre
Availability

1 Space

0.81 Acre
For Lease Contact for pricing
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1710 LAKE PARK DR SW

1710 LAKE PARK DR SW, Trosper, Tumwater, WA
Property

VacantLand

1.31 Acre
For Sale

$595,000
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Capitol Blvd Retail Center

6528 Capitol Blvd SE, Southeast Capitol Boulevard, Olympia, WA
Property

Retail

7,500 SF
Year Built

1992
For Sale

$1,990,000
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South Sound Commerce Center

7901 SW Center Street, Olympia Airport, Tumwater, WA
Property

Industrial

477,880 SF
Availability

1 Space

477,880 SF
For Lease Contact for pricing
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Tumwater Land

808 73rd Ave SE & 809 Tumwater Blvd SE, Southeast Capitol Boulevard, Tumwater, WA
Property

VacantLand

9.53 Acre
For Sale

$2,950,000
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New Market Square

855 Trosper Road SW, Littlerock, Tumwater, WA
Property

Retail

27,394 SF
Availability

2 Spaces

2,927 SF
Year Built

1997
For Lease

$20.00/SF/YR
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Tumwater Washington 98501 - Lot 7

8966 Tradewinds SE, Olympia Airport, Tumwater, WA
Property

VacantLand

1.96 Acre
Availability

1 Space

1.96 Acre
For Lease Contact for pricing
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Southgate Shopping Center

5121 Capitol Blvd, Southeast Capitol Boulevard, Tumwater, WA
Property

Retail

24,113 SF
Availability

2 Spaces

8,200 SF
For Lease

$15.50 - $18.00/SF/YR
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821 Airport Ct SE

821 Airport Ct SE, Olympia Airport, Olympia, WA
Property

Office

6,000 SF
Availability

1 Space

6,000 SF
Year Built

1988
For Lease

$1.10/SF/MO
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600 Trosper Road

600 Trosper Rd SW, Trosper, Tumwater, WA
Property

Retail

6,200 SF
Availability

1 Space

1,550 SF
For Lease

$28.00 - $30.00/SF/YR
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Tumwater Commerce Place, Lot 11

8957 Tradewinds SE, Olympia Airport, Tumwater, WA
Property

VacantLand

2.03 Acre
Availability

1 Space

2.03 Acre
For Lease Contact for pricing
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Tilley Corporate Center - Lot 5

8841 Tilley CT SE, Deschutes, Tumwater, WA
Property

VacantLand

2.08 Acre
Availability

1 Space

2.08 Acre
For Lease Contact for pricing
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Tumwater Land

93RD AVE SW, Littlerock, Tumwater, WA
Property

VacantLand

5.87 Acre
For Sale

$625,000
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Southgate North Retail Center

5103 - 5109 Capitol Blvd S, Southeast Capitol Boulevard, Tumwater, WA
Property

Retail

16,793 SF
Availability

3 Spaces

5,713 SF
For Lease

$21.00/SF/YR
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Bigrock Medical Plaza

6340-6346 Littlerock Rd SW, Littlerock, Tumwater, WA
Property

Office

9,902 SF
Availability

1 Space

1,261 SF
For Lease

$18.00/SF/YR
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Tilley Corporate Center - Lot 6

8821 Tilley CT SE, Deschutes, Tumwater, WA
Property

VacantLand

1.62 Acre
Availability

1 Space

1.62 Acre
For Lease Contact for pricing
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555 Trosper Rd SW

555 Trosper Rd SW, Littlerock, Tumwater, WA
Property

Office

167,807 SF
Availability

1 Space

1,302 SF
Year Built

2001
For Lease Contact for pricing
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6330 Capitol Blvd SE

6330 Capitol Blvd SE, Southeast Capitol Boulevard, Tumwater, WA
Property

Office

12,750 SF
For Sale

$2,200,000
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Tumwater Washington 98501

7624 Henderson Blvd SE, Olympia Airport, Olympia, WA
Property

VacantLand

0.46 Acre
Availability

1 Space

0.46 Acre
For Lease Contact for pricing
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Tumwater Commerce Place, Lot #6

8974 Select Ct SE, Olympia Airport, Tumwater, WA
Property

VacantLand

1.86 Acre
Availability

1 Space

1.86 Acre
For Lease Contact for pricing
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Tumwater Commerce Place

8913 Select CT SE, Olympia Airport, Olympia, WA
Property

Industrial

29,150 SF
Availability

11 Spaces

27,275 SF
For Lease

$15.96 - $16.20/SF/YR
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Tumwater Commerce Place - Lot 1

8913 Select Ct SE, Olympia Airport, Tumwater, WA
Property

Industrial

14,000 SF
Availability

1 Space

14,000 SF
For Lease

$1.35/SF/MO
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Tumwater Commerce Place, Lot 8

8948 Tradewinds SE, Olympia Airport, Tumwater, WA
Property

VacantLand

1.86 Acre
Availability

1 Space

1.86 Acre
For Lease Contact for pricing
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2775 29th Avenue SW

2775 29th Avenue SW, Mottman - Black Lake, Tumwater, WA
Property

Industrial

31,476 SF
Availability

1 Space

23,476 SF
Year Built

1977
For Lease

$0.85/SF/MO
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Kingswood Littlerock Retail

1401 & 1551 KINGSWOOD DR SW, Littlerock, TUMWATER, WA
Property

Retail

10,000 SF
Availability

3 Spaces

8,473 SF
For Lease

$39.96 - $48.00/SF/YR
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Lathrop Industrial Parcel Tumwater

9733 Lathrop Industrial Dr SW, Littlerock, Tumwater, WA
Property

VacantLand

2 Acre
For Sale

$450,000
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Old Towne Plaza

111 Tumwater Blvd SE, Southeast Capitol Boulevard, Olympia, WA
Property

Retail

63,732 SF
Availability

1 Space

1,250 SF
Year Built

2006
For Lease

$21.50/SF/YR
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Olympia Federal

303 Cleveland Ave SE, Brewery, Tumwater, WA
Property

Office

19,000 SF
Availability

1 Space

3,649 SF
Year Built

2002
For Lease

$22.50/SF/YR
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Kingswood Littlerock Retail

1401 & 1551 KINGSWOOD DR SW, Littlerock, TUMWATER, WA
Property

VacantLand

56,628 SF
For Sale Contact for pricing
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Littlerock Roundabout Land

5945 Littlerock Road SW, Littlerock, Tumwater, WA
Property

VacantLand

66,211 SF
For Sale

$1,125,000
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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 Tumwater commercial real estate market incorporates 286,293 square feet of office space across 12 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 Tumwater commercial real estate market includes 148,232 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 Tumwater market, there is a total of 535,593 square feet of industrial property.

The listing inventory in Tumwater 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 Tumwater is represented by Industrial space, which accounts for 518,839 square feet of available listings. Office space available in Tumwater adds up to 46,720 square feet.

Meanwhile, most of the listings of commercial property for sale in Tumwater 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 Tumwater is $17.85 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 Tumwater 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 Tumwater, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Tumwater is in the Olympia Airport neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Tumwater Hill area.

Meanwhile, retail space opportunities are most abundant in the Southeast Capitol Boulevard submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Olympia Airport.

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 $30 per square foot. In particular, the property type commanding the highest lease rates in Tumwater was Retail space.

The average size of a commercial property in Tumwater 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 Tumwater, the average size of an office property is 35,787 square feet.
Retail properties here incorporate an average of 24,706 square feet.
Industrial space in Tumwater is in buildings that are, on average 76,514 square feet in size.

Tumwater, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Tumwater currently add up to 1,632,050 square feet. The market offers 7 active office listing(s), which amount to 46,720 square feet and account for 21% of commercial spaces on the market. Local retail availability includes 28,113 square feet across 7 retail space(s). Industrial space for rent opportunities in Tumwater amount to 549,239 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	46,720
Retail	7	28,113
Industrial	7	549,239
Other	11	1,007,978

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 Tumwater, WA. Currently, there is 141,008 square feet of commercial property for sale here , which includes 5 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	5	18,150
Other	6	122,858

Tumwater, 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 Tumwater, WA?

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

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

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

Tumwater, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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