The typical asking rate per listing is in the $20's per square foot per year. The Federal Way submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 58% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Federal Way submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 249 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the listings in the Federal Way are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,170 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area were built in 1985 and are Class A.
Real time and historical data on commercial real estate listings in Federal Way.
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