Tacoma, WA
Commercial Real Estate Market Trends & Data

$277 Avg asking sale price
$157 Avg asking lease rate
20,585 SF Avg unit lease size
17,790 SF Avg building size for sale
6.54% Average cap rate

Tacoma's Demographic Profile

Tacoma has 89,776 households and a median income of $76,380, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 223,602
# Households 89,776
Median age 38
Median household income $76,380
Avg household size 2.0
Renter-occupied housing units 44,092
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Tacoma, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Tacoma $254 13,788 SF 6.76%
Lakewood $233 7,541 SF 6.00%
Parkland $303 17,924 SF 6.76%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Tacoma $239 21,999 SF 9.72%
Lakewood $241 20,229 SF 8.05%
Nearby Retail Markets Avg Cost/SF Typical Size
Tacoma $260 17,009 SF
Mcchord Afb $141 9,560 SF
Lakewood $282 22,852 SF
Parkland $395 9,235 SF
University Place $218 4,275 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Tacoma $280 17,499 SF 7.34%
Lakewood $236 17,487 SF 5.85%
University Place $354 10,203 SF 5.85%
Spanaway $336 20,721 SF 5.55%

Commercial Properties For Sale in Tacoma

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Johnny's Dock and Marina

Tacoma, WA 98421

  • 9,525 SF Retail Building
  • $7,000,000
For Sale

Nalley Valley Industrial Building

Tacoma, WA 98409

  • 5,904 SF Industrial Building
  • 6.50% Cap Rate
  • $1,272,000
For Sale

2102 S 12th St

Tacoma, WA 98405

  • 3,497 SF Office Building
  • $774,900
For Sale

Pearl Plaza and Pearl Manor

Tacoma, WA

  • 5.96% Cap Rate
  • $10,600,000
For Sale

Timberwood Apartments

Tacoma, WA 98498

  • 39,340 SF Multifamily
  • $8,150,000
For Sale

Alder Street Development

Tacoma, WA 98409

  • 0.38 AC Lot
  • 1 Commercial Lot
  • $825,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Tacoma pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Tacoma $277 17,790 SF
Mcchord Afb $232 7,478 SF
Lakewood $246 18,255 SF
Parkland $301 12,305 SF
Fort Lewis $450 6,429 SF

Regional Demographic Comparison

This comparison places Tacoma alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Tacoma or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Tacoma 223,602 89,776 38 $76,380 2 44,092 3%
Mcchord Afb 4,813 1,214 25 $58,552 4 1,196 11%
Lakewood 66,673 26,698 38 $66,721 2 14,755 4%
Parkland 42,196 15,313 35 $64,273 3 8,360 5%
Fort Lewis 14,962 3,075 26 $48,989 3 3,044 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Tacoma, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Tacoma

View All Commercial Real Estate For Sale in Tacoma
Is Tacoma a good market for a first-time commercial real estate investor?

Tacoma offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Tacoma?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Tacoma. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Tacoma?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Tacoma. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Tacoma compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Tacoma. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Tacoma acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Tacoma, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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