Building Details

Building Size 32,074 SF

Year Built 2005

Buildings 1

Listing Agency: Kidder Mathews - Tacoma

Listed By: Drew Frame · License #130281 Show Phone

Source: Kidder

Added: Mar 8 Changed: Aug 8 Last Checked: Mar 26 at 9:48AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews - Tacoma

Investment Insights

Based on property information with market context.

This commercial real estate property offers office space for rent in Federal Way, Washington. The property provides a total area of 2290 square feet suitable for office units and spaces.

Key Highlights

• Office space available for lease.
• Located in Federal Way, Washington.
• Building constructed in 2005.

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Pet Grooming Service Garden Center Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,625

Businesses Nearby

Explore this area Business Placement

Demographics for 98003, WA

51,751

Population

20,380

Households

2.5

Avg Household Size

37

Median Age

28%

College-Educated

88%

High-School Grad

11.5 sq mi

ZIP Area

4,500

Density / Sq Mi

$70,800

Median Household Income

$39,497

Median Earnings

$1,650

Median Rent

$428,500

Median Home Value

Market

Lease Benchmarks for Federal Way, WA

$21.58 /SF/Yr

Avg Asking Price

$17–$28 /SF/Yr

Price Range

4,420 SF

Avg Space Size

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties What are key features of this property?

Similar For Rent Nearby

Federal Way Office Space Available

1230 South 336th St, Federal Way, WA 98003

$20 SF/Yr

1,542 sqft

View details

Federal Way First Floor Office

33903 Pacific Highway South, Federal Way, WA 98003

$17 SF/Yr

1,255 sqft

View details

Retail Space in Federal Way

2500 South 320th Street, Federal Way, WA 98003

$32 SF/Yr

5,940 sqft

View details

Federal Way Office Space Available

1230 South 336th St, Federal Way, WA 98003

$20 SF/Yr

8,280 sqft

View details

Federal Way Automotive Shop Space

34611 16th Ave S, Federal Way, WA 98003

$20 SF/Yr

7,950 sqft

View details

WA, Federal Way - 32nd Ave

32275 32Nd Ave, Federal Way, WA 32275

$129-$235/Mo per office

54-108 sqft

View details

Federal Way Office Space Available

33903 Pacific Highway South, Federal Way, WA 98003

$17 SF/Yr

3,387 sqft

View details

Federal Way Office Space Available

33400 9th Avenue South, Federal Way, WA 98003

$28 SF/Yr

960 sqft

View details

Retail Space Near Light Rail

31830 & 31840 Pacific Highway South, Federal Way, WA 98003

$25 SF/Yr

22,864 sqft

View details

Medical Office Suite with Private Offices

31919 6th Ave S, Federal Way, WA 98003

Contact for pricing

1,040 sqft

View details

Federal Way Class A Office

32001 32nd Ave S, Federal Way, WA 98001

$18 SF/Yr

105,807 sqft

View details

Medical Office Suite

32123 1st Ave S, Federal Way, WA 98023

Contact for pricing

1,120 sqft

View details

Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Federal Way, Washington.

Where is this office units located?

The property is located at 33915 1st Way S Federal Way, WA.

What are key features of this property?

This property features: Office space available for lease.; Located in Federal Way, Washington.; Building constructed in 2005.