Federal Way Office Space

Federal Way

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,480
As of: June 23, 2017

Federal Way Rates

The typical asking rate per listing is in the $20's per square foot per year. The Federal Way submarket is going through a a rise in rates. In the last 3 months, the median rate rose $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.

Federal Way Listing Supply

In the last 90 days, 14 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 400% of the listings in the Federal Way are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,630 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1985 and are Class A.

Federal Way Community

Market Report

Trends and status of the commercial real estate market in Federal Way.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Federal Way.
Research