Federal Way, WA Commercial Real Estate for Lease - 54 Listings

Golden Plaza

30800 Pacific Hwy S, Federal Way, WA
Property

Retail

2,673 SF
Availability

1 Space

2,673 SF
For Lease

$20.00/SF/YR
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Westside Center

33309 1st Way South, Federal Way, WA
Property

Office

63,347 SF
Availability

4 Spaces

4,413 SF
Year Built

1982
For Lease

$19.00/SF/YR
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Ridgewood Center

33650 6th Ave S, Federal Way, WA
Property

Office

31,757 SF
Availability

4 Spaces

15,413 SF
Year Built

1989
For Lease Contact for pricing
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Cedar Park at West Campus

33455 6th Avenue South, Federal Way, WA
Property

Office

48,869 SF
Availability

2 Spaces

15,049 SF
Year Built

2008
For Lease

$18.00/SF/YR
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Washington Park

33801 1st Way South, Federal Way, WA
Property

Office

49,890 SF
Availability

1 Space

6,991 SF
Year Built

1990
For Lease

$26.00/SF/YR
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Torquay Medical Building

34616 11th Pl S, Federal Way, WA
Property

Office

16,325 SF
Availability

3 Spaces

6,629 SF
Year Built

1978
For Lease

$14.00 - $17.50/SF/YR
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9th Avenue Pavilion

33434 8th Ave S, Federal Way, WA
Property

Office

34,718 SF
Availability

1 Space

2,307 SF
Year Built

1979
For Lease

$27.50/SF/YR
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Parklane Executive Center

31620 23rd Avenue South, Federal Way, WA
Property

Office

40,053 SF
Availability

2 Spaces

5,128 SF
Year Built

1984
For Lease

$26.00/SF/YR
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34201 Pacific Hwy S

34201 Pacific Hwy S, Federal Way, WA
Property

VacantLand

3,952 Acre
Availability

1 Space

0.09 Acre
For Lease

$23,000.00/MO
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Granville Court Building

1010 South 336th Street, Federal Way, WA
Property

Office

55,939 SF
Availability

8 Spaces

15,712 SF
Year Built

1982
For Lease

$21.50 - $22.50/SF/YR
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Chamber of Commerce Building

31919 1st Avenue South, Federal Way, WA
Property

Office

30,098 SF
Availability

1 Space

3,290 SF
Year Built

1984
For Lease

$19.50/SF/YR
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ACR Building

1017 S 344th St, Federal Way, WA
Property

Industrial

76,128 SF
Availability

1 Space

18,543 SF
Year Built

1989
For Lease Contact for pricing
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Omni Building

909 South 336th Street, Federal Way, WA
Property

Office

39,516 SF
Availability

4 Spaces

10,521 SF
Year Built

1979
For Lease

$21.00/SF/YR
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32123 1st Ave S

32123 1st Ave S, Federal Way, WA
Property

Office
Availability

1 Space

2,065 SF
For Lease

$16.00/SF/YR
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Golden Stone Building

33400 9th Avenue South, Federal Way, WA
Property

Office

35,400 SF
Availability

4 Spaces

6,692 SF
Year Built

1999
For Lease

$27.00/SF/YR
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Campus Park - Bldg 3

1112 S 344th St, Federal Way, WA
Property

Industrial

21,676 SF
Availability

1 Space

1,374 SF
Year Built

1979
For Lease

$1,786.00/MO
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The Centre at Federal Way

2505 S 320th Street, Federal Way, WA
Property

Office

74,031 SF
Availability

1 Space

3,446 SF
For Lease

$21.00/SF/YR
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Abam Building

33301 9th Avenue South, Federal Way, WA
Property

Office

53,825 SF
Availability

4 Spaces

45,633 SF
Year Built

1985
For Lease

$18.00/SF/YR
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Park Center I

33400 8th Avenue South, Federal Way, WA
Property

Office

68,586 SF
Availability

9 Spaces

37,748 SF
Year Built

1981
For Lease

$20.50 - $25.00/SF/YR
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34704 11th Pl S

34704 11th Pl S, Federal Way, WA
Property

Office

9,000 SF
Availability

1 Space

2,000 SF
Year Built

2006
For Lease

$18.00/SF/YR
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Fountain Plaza I & II

505 South 336th Street, Federal Way, WA
Property

Office

113,434 SF
Availability

15 Spaces

63,520 SF
Year Built

1982
For Lease

$26.00 - $27.00/SF/YR
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Maplewood Office Building

33915 1st Way South, Federal Way, WA
Property

Office

32,374 SF
Availability

4 Spaces

8,219 SF
Year Built

2005
For Lease

$17.00/SF/YR
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Federal Way Business Park N

33755 9th Avenue South, Federal Way, WA
Property

Industrial

17,477 SF
Availability

1 Space

4,095 SF
Year Built

1978
For Lease Contact for pricing
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1215 S 356th St

1215 S 356th St, Federal Way, WA
Property

VacantLand
Availability

1 Space
For Lease Contact for pricing
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33530 1st Way South
Hometown Office Suites & Services
33530 1st Way South #102, Federal Way, WA
Services

Open Workspace

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Parking

Printer

Receptionist/Secretarial services

White boards
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Celebration Center

1414 South 324th Street, Federal Way, WA
Property

Retail

223,928 SF
Availability

5 Spaces

33,360 SF
Year Built

1963
For Lease

$24.00 - $36.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Federal Way commercial real estate market incorporates 928,685 square feet of office space across 33 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Federal Way commercial real estate market includes 1,774,792 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Federal Way market, there is a total of 1,950,395 square feet of industrial property.

The listing inventory in Federal Way incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Federal Way is represented by Industrial space, which accounts for 1,862,961 square feet of available listings. Office space available in Federal Way adds up to 281,677 square feet.

Meanwhile, most of the listings of commercial property for sale in Federal Way are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Federal Way is $21.94 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Federal Way can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Federal Way, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $28 per square foot. In particular, the property type commanding the highest lease rates in Federal Way was Office space.

The average size of a commercial property in Federal Way depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Federal Way, the average size of an office property is 32,024 square feet.
Retail properties here incorporate an average of 110,925 square feet.
Industrial space in Federal Way is in buildings that are, on average 325,066 square feet in size.

Federal Way, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Federal Way currently add up to 2,426,715 square feet. The market offers 26 active office listing(s), which amount to 281,677 square feet and account for 49% of commercial spaces on the market. Local retail availability includes 172,435 square feet across 15 retail space(s). Industrial space for rent opportunities in Federal Way amount to 1,862,961 square feet across a total of 6 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	26	281,677
Retail	15	172,435
Industrial	6	1,862,961
Other	6	109,642

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Federal Way, WA. Currently, there is 118,054 square feet of commercial property for sale here , which includes 8 office building(s) for sale , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	8	88,619
Retail	1	9,998
Other	5	19,437

Federal Way, WA Commercial Real Estate for Lease - 54 Listings

Golden Plaza

Westside Center

Ridgewood Center

Cedar Park at West Campus

Washington Park

Torquay Medical Building

9th Avenue Pavilion

Parklane Executive Center

34201 Pacific Hwy S

Granville Court Building

Chamber of Commerce Building

ACR Building

Omni Building

32123 1st Ave S

Golden Stone Building

Campus Park - Bldg 3

The Centre at Federal Way

Abam Building

Park Center I

34704 11th Pl S

Fountain Plaza I & II

Maplewood Office Building

Federal Way Business Park N

1215 S 356th St

33530 1st Way South

Celebration Center

Frequently Asked Questions

Federal Way, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Federal Way, WA Commercial Real Estate for Lease - 54 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Federal Way, WA?

What factors affect the price of commercial real estate in Federal Way, WA?

What is the average rent for commercial space in Federal Way, WA?

What are the best areas for commercial real estate in Federal Way, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Federal Way, WA?

Federal Way, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us