Federal Way, a city located in King County, Washington, offers a unique blend of office space, amenities, and infrastructure, making it an attractive location for businesses. With a population of over 100,000 residents, Federal Way provides a diverse and growing community, perfect for companies looking to establish a strong presence in the Seattle metropolitan area. The city's proximity to major employers like World Vision International and the Weyerhaeuser Company, as well as its access to Interstate 5 (I-5) and State Route 99 (SR 99), make it an ideal location for office space for lease. Additionally, Federal Way's warm-summer Mediterranean climate and numerous parks and recreational areas, such as Steel Lake Park and Dash Point State Park, provide a desirable quality of life for employees.
With 27 office spaces for lease available, Federal Way offers a range of options for businesses of all sizes. The average annual rent per square foot is $21 USD, with spaces ranging from 10 square feet to 26,307 square feet. In addition to office space, Federal Way also offers coworking space, flex space, medical offices, and retail space, providing a diverse range of options for businesses. For example, coworking spaces like those found in the Federal Way Transit Center offer a unique opportunity for collaboration and innovation. Meanwhile, flex spaces and medical offices provide a more specialized environment for businesses with specific needs. Retail spaces, such as those found in the Town Square Park area, offer a prime location for businesses looking to connect with customers. Overall, Federal Way's diverse range of office spaces and amenities make it an attractive location for businesses looking to establish a strong presence in the Seattle metropolitan area.
What is the average size of office space for lease in the Federal Way market?
The average size of office space for lease in the Federal Way market is approximately 3,581 square feet, with a total of 27 available listings, and an average annual rent of $21 USD per square foot, making it an attractive option for businesses looking to establish a presence in this growing city.
Are there different types of office space leases available?
In Federal Way, Washington, there are various types of office space leases available to cater to different business needs, including:
- Short-term leases, ideal for startups or small businesses that require flexibility, with average annual rent of $21 USD per square foot and average size of 3,581 square feet.
- Long-term leases, suitable for established companies seeking stability, with maximum space size of 26,307 square feet.
- Flexible or shared office spaces, perfect for entrepreneurs or freelancers, offering a range of amenities and services, such as access to the Federal Way Transit Center and nearby attractions like the Weyerhaeuser King County Aquatic Center.
