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Federal Way Office Space Available
For Lease
$27.50 SF/Yr

33434 8th Ave S, Federal Way, WA 98003

Office suites with patios and Mount Rainier views for lease.

Space Size2,115 SF - 5,832 SF
Property Size34,718 SF
Days on Market204

Property Features for 33434 8th Ave S

General Information

Standard status Active
Size 2,115 SF - 5,832 SF
Class A
Property subtype Office
Lease Term Full Service

Building Details

Building Size 34,718 SF
Year Built 1979

Spaces For Lease

at 33434 8th Ave S Contact us

Suite 106 + 107 Combined $27.50/SF/Yr

Size 5,832 SF
Term Negotiable
Contact us

Suite 106 $27.50/SF/Yr

Size 2,115 SF
Term Negotiable
Contact us

Suite 107 $27.50/SF/Yr

Size 3,717 SF
Type Office Building
Term Negotiable
Contact us
Listing Agency: The Andover Company, Inc.
Listed By: Mike Hemphill
Source: Corfac
Added: Mar 26 Changed: Oct 13 Last Checked: Oct 14 at 8:07PM

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 The Andover Company, Inc.

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Investment Insights

Based on property information with market context.

This commercial property offers a prestigious corporate image, highlighted by a superb lobby featuring a glass atrium. Floor-to-ceiling windows provide abundant natural daylight throughout the suites. Unique suites include outside patios and views of Mount Rainier. Telecommunication services are available through Comcast Business Service or CenturyLink. The property features a completely renovated lobby, common areas, and restrooms. It is located minutes away from shopping and amenities at Federal Way Commons and is in close proximity to Metro Transit stops. Ample parking is available, with a ratio of 3.2 stalls per 1,000 SF of building area.

Key Highlights

  • Mount Rainier Views and Outside Patios
  • Completely Renovated Lobby, Common Areas, and Restrooms
  • Abundant Natural Daylight with Floor to Ceiling Windows

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Garden Center Hotel & Motel Grocery & Convenience Store Furniture & Home Goods Computer & Electronic Repair

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
$4.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,479
Businesses Nearby

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
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Market

Lease Benchmarks for Federal Way, WA

$21.58 /SF/Yr
Avg Asking Price
$17–$28 /SF/Yr
Price Range
3,476 SF
Avg Space Size

This space is priced 27% above the average of $21.58 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office units - Office suites with patios and Mount Rainier views for lease.
Where is this office units located?
The property is located at 33434 8th Ave S Federal Way, WA.
What is the lease rate?
The lease rate is $27.50 SF/Yr.
What are key features of this property?
This property features: Mount Rainier Views and Outside Patios; Completely Renovated Lobby, Common Areas, and Restrooms; Abundant Natural Daylight with Floor to Ceiling Windows
More about this property
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