Port of Tacoma/Fife

Seattle - WA USA - Industrial Submarket

Industrial real estate intelligence for the Port of Tacoma/Fife submarket. 22.0M SF of inventory with 12% vacancy. Data sourced from various MLS platforms.

22.0MSF

Inventory

2.7MSF

Available

12%

Vacancy

12.3%

Availability Rate

$12.16

Asking Rent

4.4%

Rent Growth

-715,797SF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

0 SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$212

Cap Rate

5.8%%

12mo Sales Volume

$21,520,650

Sales Vol Growth

-63.2%

Asset Value

$4,673,940,200

Net Absorption

-715,797 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
EdgeConneX SEA01	$13.3M	50,150	Northwest Building, LLC
587 James S McDonnell Blvd (Part of a 10 Property Portfolio)	$15.7M	109,000	Buyer 1 Altum Digital Infrastructure \| Buyer 2 Igneo Infrastructure Partners
Rackspace	-	77,546	Max Management Corp.
2300 NW 89th Pl	$8.0M	94,449	Banyan Street Capital
Atlanta Airport Data Center	$65.5M	344,000	Menlo Equities

Available DC Space in Market

Property	Avail SF	Rent	Owner
South Building	14,656	$14.50	Klus Llc
1010-1080 Atlantic St	124,000	$10.83 - 13.24 (Est.)	Peter DiNardo Enterprises
4025 E Cotton Center Blvd	60,512	$12.57 - 15.36 (Est.)	Property Income Advisors, Inc.
4239 Piedmont Pky	18,483	$8.78 - 10.74 (Est.)	Louis DeJoy

Data Centre Development Potential

High vacancy (12%) in Port of Tacoma/Fife may indicate availability of conversion-ready industrial buildings for data centre development. Negative absorption of 716K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.