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Federal Way Office Space Available
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33915 1st Way S, Federal Way, WA 98003

Office space for lease in Federal Way, Washington.

Space Size1,011 SF - 1,726 SF
Property Size34,496 SF
Days on Market2918

Property Features for 33915 1st Way S

General Information

Standard status Active
Size 1,011 SF - 1,726 SF
Class B
Property subtype Office
Lease Type NNN

Building Details

Building Size 34,496 SF
Year Built 2005
Tenancy Multiple

Spaces For Lease

at 33915 1st Way S Contact us

Suite 106

Size
1,726 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 108

Size
1,555 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 126

Size
1,011 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 204

Size
1,570 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Kidder Mathews Tacoma
Listed By: Drew Frame · License #WA
Source: Crexi
Added: Aug 18, 2018 Changed: Aug 8 Last Checked: Aug 8 at 4:31AM

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, identified as an office space, is available for lease in Federal Way, Washington.

Key Highlights

  • Year Built: 2005 (Relatively modern construction)
  • For Lease

Property Analytics

Current Use

Office Spaces

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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,625
Businesses Nearby
Well-served
Demand for This Use

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

$19.92 /SF/Yr
Avg Asking Price
$17–$27.5 /SF/Yr
Price Range
7,554 SF
Avg Space Size

This space is priced 15% below the average of $19.92 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Office Depot Tech Services 1407 S 348th St, Federal Way, WA 98003
  • South King County Neighborhood Council - Nested Communities 33309 1st Way S Ste A205, Federal Way, WA 98003
  • Custom Product Solutions 1020 S 344th St, Federal Way, WA 98003, United States
  • NCO 33400 8th Ave S #100, Federal Way, WA 98003, United States
  • TouchPoints Technology 1010 South 336th St, Federal Way, WA 98003

Frequently Asked Questions

What type of property is this?
Office space - Office space for lease in Federal Way, Washington.
Where is this office space located?
The property is located at 33915 1st Way S Federal Way, WA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Year Built: 2005 (Relatively modern construction); For Lease
(253) 722-1433 Call to check price and availability
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