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• There is over 2.5 million sq. ft. of Retail Space
   

• Average Retail Lease Rates are around $20.57 sq. ft
   

• Compared to national openings and closings of retails, Federal Way has maintained a strong and healthy retail foundation with a well-balance store mix – largely serving the middle market.
   

• While e-commerce grew 5.1% in 2007 to 14.3% in 2018, to Federal Way’s credit and market strength, store-based retail sales grew overall by 10.5%.
   

• Downtown is centrally located within its Trade Market Area of 243,000 plus residents and has easy and convenient access to Interstate 5 and Pacific Highway, (Highway 99).
   

• Federal Way currently could support nearly 1 million sq. ft. in new retail space.
   

• Through 2024/2025 analysis identifies that Federal Way could potentially support nearly a projected additional 2 million square feet of retail.
   

• Key Projected Retail Demand:  Clothing and Clothing Accessories; Electronics and Appliances;
   

• Health & Personal Care and Miscellaneous Retailers.