Federal Way, WA Commercial Real Estate for Lease and Sale

Explore 58 listings of Federal Way commercial real estate to find the best space for your business.

Golden Stone Building

33400 9th Avenue South, Federal Way, WA
Property

Office

35,400 SF
Availability

3 Spaces

3,957 SF
Year Built

1999
For Lease

$27.00/SF/YR
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Cedar Park at West Campus

33455 6th Avenue South, Federal Way, WA
Property

Office

48,869 SF
Availability

2 Spaces

15,049 SF
Year Built

2008
For Lease

$18.00/SF/YR
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34704 11th Pl S

34704 11th Pl S, Federal Way, WA
Property

Office

9,000 SF
Availability

1 Space

2,000 SF
Year Built

2006
For Lease

$18.00/SF/YR
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Park Center I

33400 8th Avenue South, Federal Way, WA
Property

Office

68,586 SF
Availability

9 Spaces

37,748 SF
Year Built

1981
For Lease

$20.50 - $25.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Federal Way Industrial with Yard

27500 16th Ave S, Federal Way, WA
Property

Industrial

12,200 SF
Year Built

1968
For Sale

$3,500,000
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34211 Pacific Hwy S

34211 Pacific Hwy S, Federal Way, WA
Property

Other

3,952 SF
Availability

1 Space

3,952 SF
For Lease

$1.00/SF/MO
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9th Avenue Pavilion

33434 8th Ave S, Federal Way, WA
Property

Office

34,718 SF
Availability

1 Space

2,307 SF
Year Built

1979
For Lease

$27.50/SF/YR
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Chamber of Commerce Building

31919 1st Avenue South, Federal Way, WA
Property

Office

30,098 SF
Availability

1 Space

3,290 SF
Year Built

1984
For Lease

$19.50/SF/YR
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Fountain Plaza I & II

505 South 336th Street, Federal Way, WA
Property

Office

113,434 SF
Availability

14 Spaces

54,952 SF
Year Built

1982
For Lease

$23.50 - $27.00/SF/YR
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Russell Plaza

33600 6th Avenue South, Federal Way, WA
Property

Office

31,769 SF
Availability

3 Spaces

6,256 SF
Year Built

1985
For Lease Contact for pricing
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Ridgewood Center

33650 6th Ave S, Federal Way, WA
Property

Office

31,757 SF
Availability

1 Space

3,590 SF
Year Built

1989
For Lease Contact for pricing
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Federal Way Development Site

21st Ave SW, Federal Way, WA
Property

VacantLand
For Sale

$1
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Granville Court Building

1010 South 336th Street, Federal Way, WA
Property

Office

55,939 SF
Availability

4 Spaces

12,517 SF
Year Built

1982
For Lease

$22.50/SF/YR
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Federal Way Business Park N

33755 9th Avenue South, Federal Way, WA
Property

Industrial

17,477 SF
Availability

1 Space

4,095 SF
Year Built

1978
For Lease

$17.58/SF/YR
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Golden Plaza

30800 Pacific Hwy S, Federal Way, WA
Property

Retail

2,673 SF
Availability

1 Space

2,673 SF
For Lease

$20.00/SF/YR
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Exceptional opportunity to acquire commercial site/ or Owner-user Restaurant

35109 Pacific Hwy S, Federal Way, WA
Property

Retail

2,400 SF
Year Built

1980
For Sale

Subject To Offer
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Parklane Executive Center

31620 23rd Avenue South, Federal Way, WA
Property

Office

40,053 SF
Availability

4 Spaces

6,855 SF
Year Built

1984
For Lease

$26.00/SF/YR
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Campus Park - Bldg 1

1020 South 344th Street, Federal Way, WA
Property

Office

27,593 SF
Availability

1 Space

2,529 SF
Year Built

1979
For Lease

$3,288.00/MO
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2315 Southwest 320th Street

2315 Southwest 320th Street, Federal Way, WA
Property

VacantLand

1 SF
For Sale

$700,000
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Maplewood Office Building

33915 1st Way South, Federal Way, WA
Property

Office

32,374 SF
Availability

4 Spaces

8,219 SF
Year Built

2005
For Lease

$17.00 - $17.04/SF/YR
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Westside Center

33309 1st Way South, Federal Way, WA
Property

Office

63,347 SF
Availability

4 Spaces

7,745 SF
Year Built

1983
For Lease

$19.00/SF/YR
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32114 1st Avenue South

32114 1st Avenue South, Federal Way, WA
Property

Office

2,181 SF
For Sale

$1,100,000
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Abam Building

33301 9th Avenue South, Federal Way, WA
Property

Office

53,825 SF
Availability

2 Spaces

34,807 SF
Year Built

1985
For Lease

$18.00/SF/YR
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Korean BBQ Business

1816 S 320th St, Federal Way, WA
Property

Retail

10,998 SF
For Sale

$475,000
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West Campus Professional Building II

1230 S 336th St, Federal Way, WA
Property

Office

8,280 SF
Availability

1 Space

1,542 SF
For Lease

$20.00/SF/YR
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Omni Building

909 South 336th Street, Federal Way, WA
Property

Office

39,516 SF
Availability

4 Spaces

8,777 SF
Year Built

1979
For Lease

$20.50/SF/YR
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The Centre at Federal Way

2505 S 320th Street, Federal Way, WA
Property

Office

74,031 SF
Availability

5 Spaces

12,668 SF
For Lease

$21.00/SF/YR
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33530 1st Way South
Hometown Office Suites & Services
33530 1st Way South #102, Federal Way, WA
Services

Open Workspace

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed internet

High-speed wifi

Office furniture

Parking

Photocopier

Printer

Receptionist/Secretarial services

White boards
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Federal Way Crossings

1405 South 348th Street, Federal Way, WA
Property

Retail

208,249 SF
Availability

1 Space

18,191 SF
Year Built

2006
For Lease Contact for pricing
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RETAIL at FRED MEYER FEDERAL WAY

33702 21st Ave SW, Federal Way, WA
Property

Retail

195,246 SF
Availability

1 Space

7,380 SF
Year Built

1991
For Lease Contact for pricing
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S 348th St & 1st Ave S

S 348th St & 1st Ave S, Federal Way, WA
Property

Retail

3,090 SF
Availability

1 Space

3,090 SF
For Lease

$42.00/SF/YR
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Twin Lakes Professional Park

2319 SW 320TH ST, Federal Way, WA
Property

Office

10,615 SF
For Sale

$3,313,000
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Arby's - Federal Way

34404 16th Ave S, Federal Way, WA
Property

Retail

3,059 SF
Year Built

2007
For Sale Contact for pricing
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Hillside Plaza Shopping Center

2000 South 314th Street, Federal Way, WA
Property

Retail

113,925 SF
Availability

4 Spaces

17,244 SF
Year Built

1988
For Lease

$19.50/SF/YR
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Celebration Center

1414 South 324th Street, Federal Way, WA
Property

Retail

223,928 SF
Availability

4 Spaces

9,950 SF
Year Built

1963
For Lease Contact for pricing
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1825 South 316th Street

1825 South 316th Street, Federal Way, WA
Property

Office

17,170 SF
Availability

1 Space

8,265 SF
For Lease

$20.00/SF/YR
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The Quad Shopping Center

32717 1st Avenue South, Federal Way, WA
Property

Retail

12,185 SF
Availability

1 Space

1,550 SF
For Lease

$20.90/SF/YR
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822 South 333rd Street

822 South 333rd Street, Federal Way, WA
Property

Industrial

25,136 SF
Availability

1 Space

24,928 SF
Year Built

1987
For Lease Contact for pricing
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Sunset Square Shopping Center

1207-1301 S 320th St, Federal Way, WA
Property

VacantLand

118,582 SF
Availability

1 Space

3,000 SF
Year Built

1977
For Lease Contact for pricing
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Campus Park Professional Building

33308 13TH PLACE S, Federal Way, WA
Property

Office

6,104 SF
For Sale

$1,800,000
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34410, 34428, 34506, 34512, 34528 & 34624 16th Avenue South

34512 16th Avenue South, Federal Way, WA
Property

Retail

32,848 SF
Availability

2 Spaces

3,239 SF
Year Built

2007
For Lease Contact for pricing
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1610 South 344th Street

1610 South 344th Street, Federal Way, WA
Property

Retail

10,790 SF
Availability

1 Space

10,790 SF
For Lease

$18.00/SF/YR
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Hanna Land - Enchanted Pkwy

000 ENCHANTED PKWY, Federal Way, WA
Property

VacantLand

55,444 SF
Availability

1 Space

55,000 SF
For Lease

$0.18/SF/MO
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Park Center I

33400 8th Avenue South, Federal Way, WA
Property

Office

50,150 SF
Year Built

1981
For Sale

$7,000,000
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Campeon Market

31009 Pacific Hwy South, Federal Way, WA
Property

Retail

52,463 SF
Availability

1 Space

4,200 SF
Year Built

2002
For Lease Contact for pricing
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Dash Point Village

1600 SW Dash Point Road, Federal Way, WA
Property

Retail

40,237 SF
Availability

5 Spaces

7,084 SF
Year Built

1973
For Lease

$16.75/SF/YR
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Lowe's Parcel - Federal Way

35433 16th Ave S, Federal Way, WA
Property

Retail

15,020 SF
For Sale Contact for pricing
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Workware Building

31430 Pacific Hwy S, Federal Way, WA
Property

Office

5,722 SF
Availability

1 Space

5,722 SF
Year Built

1973
For Lease

$20.00/SF/YR
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1600 S 304th Street

1600 S 304th Street, Federal Way, WA
Property

VacantLand

1.26 Acre
For Sale Contact for pricing
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Lowe's Parcel - Federal Way

35433 16th Ave S, Federal Way, WA
Property

VacantLand

180,774 SF
Availability

1 Space

15,020 SF
For Lease Contact for pricing
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Northshore Village Shopping Center

2140 SW 356th Street, Federal Way, WA
Property

Retail

38,710 SF
Availability

1 Space

2,200 SF
Year Built

1966
For Lease

$20.00/SF/YR
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Ninth Ave Pavilion

33434 Eight Ave South Federal Way Federal Way, Federal Way, WA
Property

Office

1,752 SF
For Sale

$675,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Federal Way commercial real estate market incorporates 918,783 square feet of office space across 29 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Federal Way commercial real estate market includes 1,104,523 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Federal Way market, there is a total of 868,136 square feet of industrial property.

The listing inventory in Federal Way incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Federal Way is represented by Industrial space, which accounts for 841,013 square feet of available listings. Office space available in Federal Way adds up to 254,792 square feet.

Meanwhile, most of the listings of commercial property for sale in Federal Way are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Federal Way is $20.99 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Federal Way can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Federal Way, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $28 per square foot. In particular, the property type commanding the highest lease rates in Federal Way was Office space.

The average size of a commercial property in Federal Way depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Federal Way, the average size of an office property is 34,029 square feet.
Retail properties here incorporate an average of 69,033 square feet.
Industrial space in Federal Way is in buildings that are, on average 173,628 square feet in size.

Federal Way, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Federal Way currently add up to 1,263,169 square feet. The market offers 23 active office listing(s), which amount to 238,658 square feet and account for 51% of commercial spaces on the market. Local retail availability includes 117,346 square feet across 15 retail space(s). Industrial space for rent opportunities in Federal Way amount to 841,013 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	23	238,658
Retail	15	117,346
Industrial	4	841,013
Other	3	66,152

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Federal Way, WA. Currently, there is 106,402 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 3 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	70,802
Retail	3	23,396
Industrial	1	12,200
Other	3	4

Federal Way, WA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Federal Way, WA?

What factors affect the price of commercial real estate in Federal Way, WA?

What is the average rent for commercial space in Federal Way, WA?

What are the best areas for commercial real estate in Federal Way, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Federal Way, WA?

Federal Way, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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