Tacomas downtown is well situated to serve south King County and Pierce County, areas representing 884,900 people within a fifteen-mile radius. This population is expected to expand 11% to 981,200 within the next five years.
Average annual household income in the Tacoma-Pierce County market is $48,717. Total retail sales in the downtown area in 1998 were over $101 million.
Commercial lease rates are currently running from $14 to $20 per square foot for existing space and $26 to $28 per square foot for new Class A space, fully serviced. This is significantly lower than rates charged in major markets with the region.
More than 918,000 square feet of Class A space is located in the city center area with a 97% occupancy rate. 70% of Pierce Countys currently constructed office space is located in downtown Tacoma.
Tacoma was rated by Entrepreneur Magazine as the top midsized city for entrepreneurs in its 7th Annual evaluation of the nations to 25 cities for entrepreneurs.
Tacoma has one of the most active import-export seaports on the West Coast of the United States. For years it has held a dominated position in servicing trade with Asian nations. The port authority active promotes and supports expansion of its activities in the Port of Tacoma and Fredrickson Industrial Park.
The City of Tacoma is committed to providing digital technology to its citizens through the creation of Click Network. It has been recognized for its leadership in the New York Times, Wall Street Journal, Business Week, Inc. Technology, and other national publications.
Warehouse space and manufacturing sites are still available within Pierce County at rates lower than regions to the north.