Spokane Commercial Real Estate Information
Spokane is the largest market for commercial real estate in eastern Washington State. The City of Spokane has an approximate population of 216,000, however the greater region of Spokane is much larger. The Spokane region is broken up into 5 separate regions which are Spokane, Spokane Valley, Cheney, Airway Heights, and Liberty Lake. The Spokane – Spokane Valley Metropolitan Statistical Area (MSA) includes all of Spokane, Stevens, and Pend Oreille Counties and has a 2016 population of 556,634.
In the greater Spokane region there is a diverse range of commercial facilities and properties available for purchase and lease. Whether you are looking to purchase a retail building for your restaurant, single tenant NNN investment, or lease a warehouse for your industrial business, there many are options for commercial properties available in Spokane WA.
Eldridge Building
1319, 1st Ave, Spokane, WA 99201- Available SQ. FT. 0
- Building SQ. FT. 62400
- Cap Rate:
- LOT SQ. FT. 36370
- Year Built:
- CBA #: 687260
Listed By: Kiemle Hagood
11813 E Sprague
11813, Sprague Ave, Spokane, WA 99206- Available SQ. FT. 1368
- Building SQ. FT. 10788
- Cap Rate:
- LOT SQ. FT. 47045
- Year Built: 1944
- CBA #: 687092
Listed By: Cantu Commercial Properties
3102 - 3136 E Jackson Avenue
3102, Jackson Ave, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 12672
- Cap Rate:
- LOT SQ. FT. 43996
- Year Built: 1977
- CBA #: 687083
Listed By: Windermere Real Estate/ Valley, Inc.
1229 W Broadway Ave
1229, Broadway Ave, Spokane, WA 99201- Available SQ. FT. 7405
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 7405
- Year Built: 1905
- CBA #: 686921
Listed By: Avalon 24 Real Estate
Spokane Industrial Portfolio
3624, Joseph Ave, Spokane, WA 99217- Available SQ. FT.
- Building SQ. FT. 14764
- Cap Rate:
- LOT SQ. FT. 56737
- Year Built: 1998
- CBA #: 686867
Listed By: SVN Cornerstone LLC
1219 N Division Street
1219, Division St, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 10600
- Cap Rate:
- LOT SQ. FT. 15202
- Year Built: 1946
- CBA #: 686802
Listed By: SVN Cornerstone LLC
1602 E Trent Avenue
1602, Trent Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 10998
- Cap Rate:
- LOT SQ. FT. 70969
- Year Built: 1942
- CBA #: 686684
Listed By: Re/Max of Spokane-Commercial
4610 N Division Street
4610, Division St, Spokane, WA 99207- Available SQ. FT. 5000
- Building SQ. FT. 5187
- Cap Rate:
- LOT SQ. FT. 11761
- Year Built: 1989
- CBA #: 686638
Listed By: Black Commercial, Inc.
2515 E Sprague Avenue
2515, Sprague Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 5315
- Cap Rate:
- LOT SQ. FT. 12197
- Year Built: 1929
- CBA #: 686497
Listed By: Black Commercial, Inc.
1519 W Broadway Avenue
1519, Broadway Ave, Spokane, WA 99201- Available SQ. FT. 0
- Building SQ. FT. 2304
- Cap Rate:
- LOT SQ. FT. 6360
- Year Built: 1900
- CBA #: 686403
Listed By: Black Commercial, Inc.
924 - 930 W 2nd Avenue
924, 2nd Ave, Spokane, WA 99201- Available SQ. FT. 10629
- Building SQ. FT. 10629
- Cap Rate:
- LOT SQ. FT. 14191
- Year Built: 1918
- CBA #: 686385
Listed By: Kiemle Hagood
38 W 3rd Avenue
38, 3rd Ave, Spokane, WA 99201- Available SQ. FT. 4088
- Building SQ. FT. 4088
- Cap Rate:
- LOT SQ. FT. 7013
- Year Built: 1952
- CBA #: 686366
Listed By: Kiemle Hagood
2166 N Hamilton
2166, Hamilton, Spokane, WA 99207- Available SQ. FT. 1250
- Building SQ. FT. 1250
- Cap Rate:
- LOT SQ. FT. 4792
- Year Built: 1923
- CBA #: 686345
Listed By: Black Commercial, Inc.
220 South Elm Street
220, Elm St, Spokane, WA 99201- Available SQ. FT. 0
- Building SQ. FT. 4900
- Cap Rate:
- LOT SQ. FT. 9583
- Year Built: 1953
- CBA #: 686270
Listed By: LT Real Estate
2174 N Hamilton Street
2174, Hamilton St, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 2435
- Cap Rate:
- LOT SQ. FT. 6186
- Year Built: 1905
- CBA #: 686110
Listed By: Black Commercial, Inc.
510 E 37th Ave - Former Albertsons
510, 37th Ave, Spokane, WA 99203- Available SQ. FT.
- Building SQ. FT. 39032
- Cap Rate:
- LOT SQ. FT. 136883
- Year Built: 1990
- CBA #: 686094
Listed By: Black Commercial, Inc.
Bowdish-Dishman Mica Corner Lot
0, Bowdish Rd, Spokane, WA 99206- Available SQ. FT. 35588
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 35589
- Year Built:
- CBA #: 685667
Listed By: RenCorpRealty
EAST SPRAGUE CAR LOT
2702, Sprague Ave, Spokane, WA 99202- Available SQ. FT. 1696
- Building SQ. FT. 1696
- Cap Rate:
- LOT SQ. FT. 6970
- Year Built: 1950
- CBA #: 685443
Listed By: Kiemle Hagood
7517 W 47th Avenue
7517, 47th Ave, Spokane, WA 99224- Available SQ. FT. 9500
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 137650
- Year Built:
- CBA #: 685296
Listed By: LT Real Estate
3011 E Queen Avenue
3011, Queen Ave, Spokane, WA 99217- Available SQ. FT. 4301
- Building SQ. FT. 4301
- Cap Rate:
- LOT SQ. FT. 5009
- Year Built: 1902
- CBA #: 685280
Listed By: LT Real Estate
Spokane WA
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Spokane Commercial Real Estate Lease Rates
The average rental rates for office space in Spokane vary from Class A to Class C. If you are looking for Class A office space you should expect to pay between $22 per square foot to $32 per square foot plus NNN. Class B office space ranges in rents between $18 per square foot and $24 per square foot.
Retail leasing rates in Spokane vary based on location. High visibility, premium retail locations lease in the $24 per square foot to $30 per square foot range. If you are looking to locate a coffee shop, professional retail office, or restaurant, you will be looking in the $12 per square foot to $16 per square foot range. Keep in mind that most commercial real estate leases are NNN, which range in price between $3 per square foot and $5 per square foot and are in addition to the base rent charged monthly.
The Best Areas in Spokane WA to Locate Your Business
There are various locations in Spokane WA that may be ideal for setting up your business. For example, West Main Avenue is an ideal, high traffic location in the heart of Spokane’s historical downtown. The downtown core of Spokane offers some lucrative and fun locations for businesses. In downtown you will find business centers with executive suites and modern co-working spaces.
Other popular locations for commercial real estate in Spokane are Riverside Avenue, Mullan Road, E Montgomery, Mission Avenue, Liberty Lake.
Spokane Valley is another city in the Spokane region that offers opportunity for investors and business in the commercial real estate realm. Being the largest suburb of the City of Spokane, Spokane Valley enjoys it own business ecosystem. Spokane Valley has it’s own shopping mall and independent services to stand alone as a unique city.
How Can We Help You Buy or Rent Commercial Real Estate in Spokane?
The greater Spokane region has plenty of options for available office, retail, and industrial space for lease and sale. The experts at North Sound Commercial are standing by to help your expand your business and invest in Spokane Washington. Give us a call and let’s get your search started.