Most listings are in the $20's per square foot per year. The Federal Way submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Federal Way submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 11 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,740 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1993 and are Class A.