Federal Way, a city in King County, Washington, is an ideal location for Retail Space, offering a unique blend of amenities, infrastructure, and geography that make it an attractive spot for businesses. With a population of over 100,000 residents, Federal Way provides a sizable customer base for retailers. The city's proximity to major employers like World Vision International and the Weyerhaeuser Company, as well as its convenient location near Interstate 5 (I-5) and State Route 99 (SR 99), make it an ideal spot for Retail Space For Lease. Additionally, the city's warm-summer Mediterranean climate and abundance of parks and recreational areas, such as Steel Lake Park and Dash Point State Park, create a desirable environment for both residents and businesses. The Weyerhaeuser King County Aquatic Center and Wild Waves Theme & Water Park are just a few of the many attractions that draw visitors to the area.
With 3 Retail Space listings available For Lease, Federal Way offers a range of options for businesses looking to establish a presence in the area. The average annual rent per square foot for Retail Space in Federal Way is $22 USD, with sizes ranging from 1,050 square feet to 40,639 square feet. In addition to Retail Space, Federal Way is also home to a variety of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and advantages. For example, Restaurants in Federal Way benefit from the city's proximity to major highways and its growing population, while Medical Offices are drawn to the area's abundance of medical facilities and healthcare providers. Office Space in Federal Way, meanwhile, is attracted to the city's convenient location and access to amenities like the Federal Way Transit Center. Overall, Federal Way's diverse range of property types and amenities make it an attractive location for businesses of all kinds.
What is the average cost per square foot for retail space in Federal Way?
The average cost per square foot for retail space in Federal Way is $22 USD per square foot, with an average size of 6,223 square feet and a maximum space size of 40,639 square feet, among the 3 available listings of retail space in the area.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as large department stores or grocery stores, can positively impact surrounding retail space leases in Federal Way by increasing foot traffic and attracting a steady customer base, which can lead to higher demand and potentially higher rental rates for nearby retail spaces, with 3 available listings, averaging $22 USD per square foot, and ranging in size from 6,223 square feet to 40,639 square feet.
