Federal Way, WA Strip malls for Rent & Lease

Updated: Nov 23, 2025

Retail Space Near The Commons

1200 S 324th Street, Federal Way, WA 98003

$24 SF/Yr

800 sqft

High traffic count (40,000+ CPD) on Pacific Highway and 324th Street.
Central location in Federal Way near The Commons.
Proximity to major retailers including Amazon Fresh, Dick's Sporting Goods, Target, Kohls, and Century Theater.
Ample parking.
Easy access from Pacific Highway.

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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Federal Way, WA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 1 Properties for Sales.

Strip malls for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Retail Space in Shopping Center

301 Tukwila Pkwy, Tukwila, WA 98188

Contact for pricing

4,800 sqft

Highly accessible retail space with regional connectivity near major interstates and across from Westfield Southcenter Mall.

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Retail Space

13507 Meridian Ave E, Puyallup, WA 98374

Contact for pricing

960 sqft

Occupied retail space available for lease with broker-scheduled access.

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Retail Strip Center for Lease

406-410 Baker Blvd, Tukwila, WA 98188

Contact for pricing

1,350 sqft

Multi-tenant retail strip center available for lease at 406–410 Baker Blvd.

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Puyallup Retail Space For Rent

611 S Meridian St, Puyallup, WA

Contact for pricing

2,822 sqft 3.41 AC lot

Downtown Puyallup retail space in Safeway anchored center.

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Similar Spaces for Sale in Federal Way, WA

Consider Similar Space for Sale. We found 1 Spaces matching your search parameters.

Strip Mall Property

1805 S 316th St, Federal Way, WA 98003

Contact for pricing

25,536 sqft

Retail-oriented commercial property with a substantial building footprint.

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Federal Way, WA Strip malls Lease Rates & Market Statistics

Explore 1 Strip malls listing for lease in Federal Way, WA on Realmo, a commercial real estate exchange covering the Federal Way area. The current inventory totals 800 square feet of properties.

Asking lease rates for Strip malls in Federal Way start at $24 SF/Yr, average $24 SF/Yr, and reach $24 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $24 SF/Yr is 24% above the Washington state average of $19.43 SF/Yr.

Federal Way accounts for 11% of the 9 strip malls currently available across King County, where nearby markets include Tukwila and Bellevue. Strip malls are one of the more limited space types in Federal Way, with just 1 listing currently available — a scarcity worth factoring into lease negotiations. Also worth a look for tenants weighing alternatives: Shopping centers (4 listings) and Storefront properties (4 listings) elsewhere in the Federal Way market.

Federal Way, WA Strip Malls for Lease

1200 S 324th Street, Federal Way, WA 98003