Spokane Commercial Real Estate

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.

$650000
Status: Available

319 W 3rd Avenue

319, 3rd Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 7100
  • Cap Rate:
  • LOT SQ. FT. 7100
  • Year Built: 1930
  • CBA #: 655256
$975000
Status: Available

1719-1727 N Atlantic Street

1719, Atlantic St, Spokane, WA  99205
  • Available SQ. FT. 5833
  • Building SQ. FT. 7314
  • Cap Rate:
  • LOT SQ. FT. 13068
  • Year Built: 1980
  • CBA #: 655191
$1750000
Status: Available

N Mullen Road & E Broadway Avenue

626, Mullan Rd, Spokane, WA  99206
  • Available SQ. FT.
  • Building SQ. FT. 14123
  • Cap Rate:
  • LOT SQ. FT. 69795
  • Year Built: 1982
  • CBA #: 655070
$995000
Status: Available

Halliday Building

501, Sprague Ave, Spokane, WA  99201
  • Available SQ. FT. 8150
  • Building SQ. FT. 8150
  • Cap Rate:
  • LOT SQ. FT. 8712
  • Year Built: 1964
  • CBA #: 655067
$4000000
Status: Available

Evergreen Center

8701, Division St, Spokane, WA  99218
  • Available SQ. FT. 17464
  • Building SQ. FT. 17464
  • Cap Rate: 0.00
  • LOT SQ. FT. 53579
  • Year Built: 1985
  • CBA #: 655037
$495000
Status: Available

312 W Sprague

312, Sprague, Spokane, WA  99201
  • Available SQ. FT. 2328
  • Building SQ. FT. 5095
  • Cap Rate:
  • LOT SQ. FT. 11945
  • Year Built: 1909
  • CBA #: 654402
$1177890
Status: Available

10614 W 59th Avenue

10614, 59 Ave, Spokane, WA  99224
  • Available SQ. FT. 235578
  • Building SQ. FT. 608
  • Cap Rate:
  • LOT SQ. FT. 235660
  • Year Built: 1920
  • CBA #: 653979
$1500000
Status: Available

Moen Tires

114, Ermina Ave, Spokane, WA  99207
  • Available SQ. FT. 21000
  • Building SQ. FT. 21000
  • Cap Rate:
  • LOT SQ. FT. 31941
  • Year Built: 1906
  • CBA #: 653893
$0
Status: Available

Jaguar, Land Rover, Volvo Dealership Property

1310, Third Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 19100
  • Cap Rate:
  • LOT SQ. FT. 35284
  • Year Built: 1978
  • CBA #: 653681
$4400000
Status: Available

RiverView at Stateline

0, Wellesley Ave, Spokane, WA  99025
  • Available SQ. FT.
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 445183
  • Year Built:
  • CBA #: 653673
$1850000
Status: Available

1830 N Division Street

1830, Division St, Spokane, WA  99207
  • Available SQ. FT. 2627
  • Building SQ. FT. 2627
  • Cap Rate:
  • LOT SQ. FT. 21300
  • Year Built: 1971
  • CBA #: 653438
$360000
Status: Available

6228 N Lidgerwood Street

6228, Lidgerwood St, Spokane, WA  99208
  • Available SQ. FT. 20000
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 20319
  • Year Built:
  • CBA #: 653284
$825000
Status: Available

Fiske-Greene Street - Former Starbucks

1605, Greene St, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 910
  • Cap Rate:
  • LOT SQ. FT. 36155
  • Year Built: 2015
  • CBA #: 653275
$625000
Status: Available

319 W 3rd Avenue

319, 3rd Ave, Spokane, WA  99201
  • Available SQ. FT. 7100
  • Building SQ. FT. 7100
  • Cap Rate:
  • LOT SQ. FT. 7100
  • Year Built: 1930
  • CBA #: 653144
$900000
Status: Available

10430 W Aero Road

10430, Aero Road, Spokane, WA  99004
  • Available SQ. FT.
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 93436
  • Year Built:
  • CBA #: 652774
$1600000
Status: Available

Northside Medical Building

6120, Mayfair St, Spokane, WA  99208
  • Available SQ. FT. 0
  • Building SQ. FT. 11919
  • Cap Rate:
  • LOT SQ. FT. 21500
  • Year Built: 1990
  • CBA #: 652412
$0
Status: Available

Globe Building

204, Division St, Spokane, WA  99202
  • Available SQ. FT. 0
  • Building SQ. FT. 28689
  • Cap Rate:
  • LOT SQ. FT. 24394
  • Year Built: 1909
  • CBA #: 652332
$623997
Status: Available

Tech Park West - Lot 0501

9260, 21st Ave, Spokane, WA  99224
  • Available SQ. FT. 83200
  • Building SQ. FT. 90000
  • Cap Rate:
  • LOT SQ. FT. 83200
  • Year Built: 2021
  • CBA #: 652121
$2950000
Status: Available

518 West Riverside

518, Riverside, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 14366
  • Cap Rate:
  • LOT SQ. FT. 4356
  • Year Built: 1890
  • CBA #: 649460
$650000
Status: Available

The Hub Tavern

2926, Monroe, Spokane, WA  99205
  • Available SQ. FT.
  • Building SQ. FT. 2816
  • Cap Rate:
  • LOT SQ. FT. 3920
  • Year Built: 1933
  • CBA #: 648969

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.
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