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42 Commercial Real Estate Listings in Federal Way, WA

Federal Way, WA Commercial Real Estate

There are currently 43 commercial listings available in Federal Way, WA. These listings include 39 commercial spaces that encompass a total of 1,970,232 square feet. Available commercial spaces in Federal Way, WA range in size from 732 square feet to 1,021,791 square feet. A total of 9 off-market commercial properties located in Federal Way, WA are also available for research.

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Federal Way, WA Commercial Inventory Breakdown

Industrial

Total: 1,978,501 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 154,462 SqFt 7.81% of total industrial
100k to 500k SqFt 802,248 SqFt 40.55% of total industrial
> 1M SqFt 1,021,791 SqFt 51.64% of total industrial
By class:
Class B 154,462 SqFt 7.81% of total industrial
There are 802,248 square feet of commercial real estate properties between 100k to 500k square feet, representing 40.55% of the Federal Way, WA industrial inventory.

Office Spaces with Retail

Total: 113,925 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
100k to 500k SqFt 113,925 SqFt 100% of total office with retail

Federal Way, WA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Federal Way, WA Office 9 46,126
Federal Way, WA Retail 6 41,062
Federal Way, WA Industrial 10 1,828,044
Federal Way, WA Other 34 1,970,232
Ofice Icon

9

Office

Industrial Icon

10

Industrial

Retail Icon

6

Retail

Current local active listing encompass 3,885,464 square feet of commercial space for lease in Federal Way. There are 9 active office listings, which amount to 46,126 square feet and account for 15% of commercial spaces on the market. Local retail availability includes 41,062 square feet across 6 listings. Current industrial offerings on the market amount to 1,828,044 square feet across a total of 10.

Employment in Federal Way, WA

Employed Population 48,698

Employed population - Industry % Distribution

Management, business, science, and arts occupations

29%

Service occupations

25%

Sales and office occupations

19%

Production, transportation, and material moving occupations

16%

Natural resources, construction, and maintenance occupations

11%

In 2019, roughly 29% of a total of 48,698 employed in Federal Way worked in Management, business, science, and arts occupations, followed by 25% in Service occupations and 19% in Sales and office occupations.

Income per capita $31,011  Median household income $64,263

Household income

34%

Under $50k

36%

$50k - $100k

22%

$100k - $200k

7%

Over $200k

The median household income in Federal Way stands at $64,263, with per capita income at $31,011. Households earning between $50k and $100k represent 36% of the total, while those earning over $200k make up 7%. Approximately 34% of Federal Way households earn less than $50k per year.

Commuting in Federal Way, WA

Mean travel time to work 37 minutes

Means of transportation to work

69.90%

Driving alone

15.30%

Carpool

9.90%

Public transit

0.30%

Bicycle

0.70%

Walking

1.20%

Other

2.70%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Federal Way in 2019 was 37 minutes. Around 69.90% of workers commute by Driving alone, 15.30% Carpool and 9.90% by Public transit.

Education in Federal Way, WA

High school grad or higher 90%

Bachelor's degree or higher 29%

Population by minimum level of education

10%

No degree

29%

High school

32%

Some College

19%

Bachelor's

10%

Post-grad

*Universe: Workers 25 and over

An estimated 90% of Federal Way residents aged 25 or over hold a high school degree or higher. Of those, 29% are high school graduates, 32% attended some college, 19% earned a bachelor's degree, with an additional 10% holding post-graduate degrees.

Federal Way, WA Demographics

As of 2019, Federal Way had a total population of 96,297, with a median age of 33.50 years. Roughly 67.10% of the total population was between the ages of 16 and 64 years old.