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105 Commercial Real Estate Listings in Federal Way, WA

Federal Way, WA Commercial Real Estate

There are currently 113 commercial listings available in Federal Way, WA. These listings include 98 commercial spaces that encompass a total of 4,503,716 square feet. Available commercial spaces in Federal Way, WA range in size from 2 square feet to 1,021,791 square feet. A total of 94 off-market commercial properties located in Federal Way, WA are also available for research.

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Federal Way, WA Commercial Inventory Breakdown

In 2022 the Federal Way, WA commercial real estate market totaled 721,100 square feet of office spaces, 3,463,253 square feet of office spaces with retail, and 2,482,040 square feet of industrial space.

Office Spaces

Total: 721,100 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 492,959 SqFt 68.36% of total office
100k to 500k SqFt 228,141 SqFt 31.64% of total office
By class:
Class B 667,126 SqFt 92.52% of total office
Class C 53,974 SqFt 7.48% of total office

Industrial

Total: 2,482,040 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 524,645 SqFt 21.14% of total industrial
100k to 500k SqFt 935,604 SqFt 37.69% of total industrial
> 1M SqFt 1,021,791 SqFt 41.17% of total industrial
By class:
Class B 601,374 SqFt 24.23% of total industrial
Class C 56,627 SqFt 2.28% of total industrial
There are 935,604 square feet of commercial real estate properties between 100k to 500k square feet, representing 37.69% of the Federal Way, WA industrial inventory.

Office Spaces with Retail

Total: 3,463,253 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 536,789 SqFt 15.5% of total office with retail
100k to 500k SqFt 2,146,518 SqFt 61.98% of total office with retail
500k to 1M SqFt 779,946 SqFt 22.52% of total office with retail

Federal Way, WA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Federal Way, WA Office 30 435,324
Federal Way, WA Retail -10 158,380
Federal Way, WA Industrial -6 3,681,734
Federal Way, WA Other 19 4,503,716
Ofice Icon

30

Office

Industrial Icon

-6

Industrial

Retail Icon

-10

Retail

Current local active listing encompass 8,779,154 square feet of commercial space for lease in Federal Way. There are 30 active office listings, which amount to 435,324 square feet and account for 90% of commercial spaces on the market. Local retail availability includes 158,380 square feet across -10 listings. Current industrial offerings on the market amount to 3,681,734 square feet across a total of -6.

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 2020, 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 2020 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 2020, 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.