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.

$750000
Status: Available

6 Unit Apartment Building

828, Mansfield Ave, Spokane, WA  99205
  • Available SQ. FT. 4370
  • Building SQ. FT. 4370
  • Cap Rate:
  • LOT SQ. FT. 6098
  • Year Built: 1902
  • CBA #: 690421
$1539256
Status: Available

137/139 S Howe Road

137, Howe Rd, Spokane, WA  99224
  • Available SQ. FT. 90169
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 63772
  • Year Built:
  • CBA #: 690419
$22500000
Status: Available

Jensen DC

10110, Aero Rd, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 575000
  • Cap Rate:
  • LOT SQ. FT. 1253657
  • Year Built: 1979
  • CBA #: 690338
$1550000
Status: Available

130 - 134 N Madelia Street

134, Madelia St, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 23235
  • Cap Rate:
  • LOT SQ. FT. 6752
  • Year Built: 1965
  • CBA #: 690316
$735000
Status: Available

105 E Falcon Avenue

105, Falcon Ave, Spokane, WA  99218
  • Available SQ. FT. 41818
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 41861
  • Year Built:
  • CBA #: 690275
$289000
Status: Available

41 E Cozza Drive

41, Cozza Dr, Spokane, WA  99208
  • Available SQ. FT. 23958
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 24132
  • Year Built:
  • CBA #: 690273
$9000000
Status: Available

1651 E North Foothills Drive

1651, North Foothills Dr, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 31950
  • Cap Rate:
  • LOT SQ. FT. 61986
  • Year Built:
  • CBA #: 690237
$725000
Status: Available

2003 W 10th Avenue

2003, 10th Ave, Spokane, WA  99204
  • Available SQ. FT. 4278
  • Building SQ. FT. 4278
  • Cap Rate:
  • LOT SQ. FT. 11456
  • Year Built: 1900
  • CBA #: 690209
$1400000
Status: Available

McKinley Apartments

620, Cedar Rd, Spokane, WA  99204
  • Available SQ. FT. 4560
  • Building SQ. FT. 4560
  • Cap Rate:
  • LOT SQ. FT. 4356
  • Year Built: 1955
  • CBA #: 690174
$725000
Status: Available

2002 W 8th Avenue

2002, 8th Ave, Spokane, WA  99204
  • Available SQ. FT. 4296
  • Building SQ. FT. 4296
  • Cap Rate:
  • LOT SQ. FT. 9991
  • Year Built: 1910
  • CBA #: 690159
$1120000
Status: Available

1627 W 7th Avenue

1627, 7th Ave, Spokane, WA  99204
  • Available SQ. FT. 5120
  • Building SQ. FT. 5120
  • Cap Rate:
  • LOT SQ. FT. 7093
  • Year Built: 1956
  • CBA #: 690155
$5800000
Status: Available

3920 E. Boone

3920, Boone Ave, Spokane, WA  99202
  • Available SQ. FT. 17590
  • Building SQ. FT. 17590
  • Cap Rate: 5.00
  • LOT SQ. FT. 84506
  • Year Built: 1970
  • CBA #: 690066
$1300000
Status: Available

101 W 2nd Avenue

101, 2nd Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 7530
  • Cap Rate:
  • LOT SQ. FT. 14000
  • Year Built: 1967
  • CBA #: 690062
$209900
Status: Available

Garage Lodge - Luxury Storage Condos

1551, Deer Heights Rd, Spokane, WA  99224
  • Available SQ. FT. 1200
  • Building SQ. FT. 30270
  • Cap Rate:
  • LOT SQ. FT. 74564
  • Year Built: 2023
  • CBA #: 689985
$0
Status: Available

5811 S Holly Road

5811, Holly Rd, Spokane, WA  99224
  • Available SQ. FT. 217800
  • Building SQ. FT. 1224
  • Cap Rate:
  • LOT SQ. FT. 217800
  • Year Built: 1910
  • CBA #: 689820
$0
Status: Available

Holly & 57th Avenue

0, Holly Ave, Spokane, WA  99224
  • Available SQ. FT. 392911
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 392911
  • Year Built:
  • CBA #: 689819
$595000
Status: Available

Francis & Market

6212, Market St, Spokane, WA  99208
  • Available SQ. FT.
  • Building SQ. FT. 4700
  • Cap Rate:
  • LOT SQ. FT. 38218
  • Year Built:
  • CBA #: 689696
$435000
Status: Available

2112-2130 E Mallon Ave

2112, Mallon Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 1440
  • Cap Rate:
  • LOT SQ. FT. 26416
  • Year Built: 1955
  • CBA #: 689698
$750000
Status: Available

11813 E Sprague

11813, Sprague Ave, Spokane, WA  99206
  • Available SQ. FT.
  • Building SQ. FT. 10788
  • Cap Rate:
  • LOT SQ. FT. 47045
  • Year Built: 1944
  • CBA #: 689673
$809000
Status: Available

2702 N Perry Street

2702, Perry St, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 6562
  • Cap Rate:
  • LOT SQ. FT. 6534
  • Year Built: 1985
  • CBA #: 689632

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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