The typical asking rate per listing is in the $20's per square foot per year. The Federal Way region is seeing a a rise in rates. In the last 3 months, the median rate went up $21 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Federal Way submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 13 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,120 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 floors. Most buildings in this area were built in 1993 and are Class A.