Investment outlook for Tacoma / WA

[Rudy Manna]

I am an investor from Seattle area. I am looking into Tacoma area to grow my portfolio (Buy and Hold). The cash flow is reasonable, and there are some fixer lowers readily available.

What do people generally feel about Tacoma, maybe 10/20 years from today? On one hand there is hope that Tacoma can become what is Oakland for SF, on the other hand with high crime rates, and not much high quality local employment it can continue to remain as a black spot in the greater Seattle area.

I was looking into the news of light rail expansion, but appears that it is yet to be voted.

What are your thoughts about Tacoma in general?

[Jameson Sullivan]

I work as a commercial broker in Washington and am based out of Tacoma and we are seeing a lot of major businesses open units here in Tacoma coming from not only Seattle but out of state as well. This does not speak to the residential market, I understand, however the long term outlook on many neighborhoods in Tacoma is bullish. Personally I plan to continue investing here as I think people will continue to flee 4 and 5 dollar a foot rents in Seattle for a more comfortable 1.75 to 2.50. The construction of a train only adds to the reason for otherwise Seattle residents to move down.