Office Space Near Transit
For Lease
Contact for pricing
31620 23rd Ave S, Federal Way, WA 98003
Office space for rent, walking distance to amenities and transit.
Space Size560 SF - 4,408 SF
Lot Size1.53 Acres
Days on Market590
Property Features for 31620 23rd Ave S
General Information
Standard status
Active
Size
560 SF - 4,408 SF
Lot size
1.53 Acres
Property subtype
OFFICE
Lease Type
Full Service
Spaces For Lease
at 31620 23rd Ave S Contact usParklane Executive Center - Suite 110 $26/SF/Yr
Size
4,408 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Adjacent to Transit Center. Walking distance to restaurants and shopping.
Contact us Parklane Executive Center - Suite 201 $26/SF/Yr
Size
720 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
Adjacent to Transit Center. Walking distance to restaurants and shopping.
Contact us Parklane Executive Center - Suite 200A $26/SF/Yr
Size
1,386 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Parklane Executive Center - Suite 200B $26/SF/Yr
Size
690 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Parklane Executive Center - Suite 304 $26/SF/Yr
Size
1,167 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Parklane Executive Center - Suite 309 $26/SF/Yr
Size
560 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE
Sublease
No
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Listing Agency:
Kidder Mathews
(253) 722-1400
Listed By:
Drew Frame · License #130281
(253) 948-7032
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Oct 16
Last Checked: Oct 20 at 10:53PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office space, comprising 1195 square feet, is located adjacent to a transit center. The location provides convenient access to nearby restaurants and shopping areas.
Key Highlights
- Adjacent to Transit Center for easy commuting.
- Walking distance to restaurants.
- Walking distance to shopping.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Federal Way, WA
$21.58 /SF/Yr
Avg Asking Price
$17–$28 /SF/Yr
Price Range
3,400 SF
Avg Space Size
This space is priced 20% above the average of $21.58 /SF/Yr.
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space for rent, walking distance to amenities and transit.
Where is this office unit 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: Adjacent to Transit Center for easy commuting.; Walking distance to restaurants.; Walking distance to shopping.
