Transit-Adjacent Office
For Lease
Contact for pricing
31620 23rd Ave S, Federal Way, WA 98003
Adjacent to a transit center with restaurants and shopping within walking distance.
Space Size4,408 SF
Days on Market1158
Property Features for 31620 23rd Ave S
General Information
Standard status
Active
Size
4,408 SF
Property subtype
OFFICE
Lease Type
Full Service
Additional Details
Public Transit
Yes
Spaces For Lease
at 31620 23rd Ave S Contact us- Size
- 4,408 SF
- Type
- OFFICE
- Lease Type
- FULL_SERVICE
- Availability
- AVAILABLE
- Sublease
- No
Parklane Executive Center - Suite 110 $26/SF/Yr
Adjacent to Transit Center. Walking distance to restaurants and shopping.
Contact us
Listing Agency:
Kidder Mathews
(253) 948-7032
Listed By:
Drew Frame · License #130281
(253) 948-7032
Source:
Moodyscre
Added: Jun 26, 2023
Changed: Aug 23
Last Checked: Aug 25 at 11:59AM
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
Investment Insights
Based on property information with market context.
This 720-square-foot office unit is offered for rent at 31620 23rd Ave S in Federal Way, Washington. The property is adjacent to a transit center, with restaurants and shopping within walking distance.
Key Highlights
- 720‑square‑foot office unit
- Adjacent to a transit center
- Restaurants within walking distance
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,695
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
4,641 SF
Avg Space Size
This space is priced 20% above the average of $21.58 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Adjacent to a transit center with restaurants and shopping within walking distance.
Where is this office units located?
The property is located at 31620 23rd Ave S Federal Way, WA.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: 720‑square‑foot office unit; Adjacent to a transit center; Restaurants within walking distance
