2024 Office Space Rent & Sales
- $26.33 2024 Avg. Asking Rent
- -2.12% Y-o-Y Avg. Asking Rent Change
- 17.26% 2024 Office Vacancy Rate
Tacoma office price per square foot in 2024 was $26.33 on average. This marked a -2.12% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.26% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Washington Class A & A+ Office Space$43.88
- Washington Class B Office Space$28.21
- Washington Class C Office Space$20.51
Tacoma, WA Office Asking Rents by Class
Office Spaces for Rent in Washington
Coworking Spaces in Washington
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Cornus House | 2502 Pacific Avenue, 98402 | 64,394 | 2024 |
| Cubework Steele Street | 12005 Steele Street South, 98444 | 273,816 | 2021 |
| Cubework Tacoma | 3320 Lincoln Avenue, 98421 | 300,000 | 2019 |
| St. Joseph Medical Center Medical Office Building | 1608 South J Street, 98405 | 120,833 | 2013 |
| Centre Square Professional Building | 5006 Center Street, 98409 | 26,317 | 2008 |
| 12th & Union Building | 1201 S Union Ave, 98405 | 5,700 | 2007 |
| Garfield Commons | 208 Garfield Street South, 98444 | 31,881 | 2006 |
| Poole's Corner | 3518 6th Avenue, 98406 | 27,468 | 2004 |
| Allenmore Medical Plaza Phase I & II | 2202 South Cedar Street, 98409 | 94,136 | 2001 |
| 12166 Pacific Ave S | 12166 Pacific Ave S, 98444 | 4,000 | 2001 |
Worth noting among recent office completions on the Tacoma market is Cornus House, which is currently the largest new office development in the city, at 64,394 square feet.
See reports for other markets
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- Manhattan Office Rent Price
- Los Angeles Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Tacoma commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.