Lakewood, Washington Commercial Real Estate 0 Listings

Lakewood, Washington: A Premier Destination for Commercial Real Estate

Introduction

Lakewood, Washington is an emerging hub for commercial real estate due to its strategic location and diverse economic base. Situated in Pierce County, with a population of approximately 60,000, Lakewood is part of the Seattle-Tacoma-Bellevue metropolitan area, providing substantial opportunities for commercial real estate (CRE) investments. The city’s economy is driven by robust industry clusters such as logistics, aerospace, and defense, contributing to a dynamic CRE landscape.

Economic and Industry Overview

Lakewood's economy is bolstered by major industries such as aerospace, logistics, and defense, which significantly influence demand for various commercial property types including office, industrial, and retail spaces. The presence of Joint Base Lewis-McChord (JBLM), a significant military installation, further enhances economic activity and CRE demand. Regional economic development initiatives, supported by organizations like the Economic Development Board for Tacoma-Pierce County, continue to attract businesses and developers to the area.

Strategic Location and Transportation Infrastructure

Lakewood's strategic location is complemented by an extensive transportation network. The city is served by major highways such as Interstate 5 and State Route 512, providing seamless connectivity to Seattle and Tacoma. Proximity to the Port of Tacoma and Sea-Tac International Airport enhances its logistical advantages, making it an ideal location for distribution centers and businesses reliant on efficient supply chain solutions. For more details on transportation infrastructure, visit the Washington State Department of Transportation.

Commercial Real Estate Inventory & Zoning

Lakewood's CRE market includes diverse submarkets such as the Central Business District (CBD), industrial corridors, and burgeoning innovation districts. Key asset classes include industrial, retail, office, and commercial-grade multifamily properties. Recent zoning changes and incentives have been introduced to attract developers, notably in the Lakewood Station District. For zoning maps and parcel viewers, access the City of Lakewood Planning and Development Services.

Major Employers and Institutions

Lakewood is home to several major employers that drive CRE demand, including JBLM, Clover Park School District, and Pierce College. The presence of these institutions supports a steady demand for commercial office and retail spaces. For a comprehensive list of top employers, explore the Lakewood Chamber of Commerce.

Notable Commercial Developments & Projects

The Lakewood area has witnessed significant commercial development, including the Lakewood Towne Center and the expansion of the Lakewood Station District. These projects highlight public-private partnerships and investment in infrastructure to support mixed-use and transit-oriented developments. For more information on ongoing projects, visit the City of Lakewood Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Lakewood offers a range of resources to facilitate commercial development:

Market Data & Economic Reports

Access to accurate market data is crucial for making informed CRE decisions. Public data sets from sources like Census.gov and the city's open data portal provide valuable insights. Brevitas enhances these insights with AI-powered aggregation, delivering comprehensive dashboards for Lakewood, Washington. Explore Brevitas-powered resources for more detailed market analytics.