Industrial Property for Lease in Tacoma, WA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Tacoma, WA
  • Size: 281,181 SF
  • Year built: 2021

Description

Frederickson West 281 - Available for lease

Market Context

This industrial in Tacoma, WA is listed for lease across 281,181 SF. The building dates to 2021. It has been on the market for 176 days. Compare it against other industrial listings for lease in Tacoma, WA — <a href="/search/lease/industrial/washington/tacoma">view the full market</a>.

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, rents up 9.1% year over year, and cap rates around 5.2%. Source: Consensus Q4 2024 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Seattle / Bellevue?
About 5.2% as of Q4 2024, per Consensus.
Is the Seattle / Bellevue industrial market tightening or softening?
Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

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