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.
5301 E Upriver Drive
5301, Upriver Dr, Spokane, WA 99217- Available SQ. FT. 0
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 141042
- Year Built:
- CBA #: 691098
Listed By: SVN Cornerstone LLC
1020 East Cataldo
1020, Cataldo Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 21005
- Cap Rate:
- LOT SQ. FT. 103368
- Year Built: 1976
- CBA #: 690974
Listed By: SDS Realty Inc
1102 W 6th Avenue
1102, 6th Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 3486
- Cap Rate:
- LOT SQ. FT. 13068
- Year Built: 1949
- CBA #: 688793
Listed By: SDS Realty Inc
Dorian
130, Mission Ave, Spokane, WA 99202- Available SQ. FT. 16965
- Building SQ. FT. 16965
- Cap Rate:
- LOT SQ. FT. 49658
- Year Built: 1957
- CBA #: 688786
Listed By: Kiemle Hagood
9911 N Division Street
9915, Division St, Spokane, WA 99218- Available SQ. FT. 23248
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 23087
- Year Built:
- CBA #: 687406
Listed By: Kiemle Hagood
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
3010 N Stone St
3010, Stone St, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 4368
- Cap Rate:
- LOT SQ. FT. 8320
- Year Built: 1978
- CBA #: 683549
Listed By: LT Real Estate
1023 W Maxwell Avenue
1023, Maxwell Ave, Spokane, WA 99201- Available SQ. FT. 2534
- Building SQ. FT. 2534
- Cap Rate:
- LOT SQ. FT. 7100
- Year Built: 1900
- CBA #: 681624
Listed By: LT Real Estate
Moran Prairie Shopping Center
3203, 57th Ave, Spokane, WA 99223- Available SQ. FT. 15728
- Building SQ. FT. 15728
- Cap Rate:
- LOT SQ. FT. 93629
- Year Built:
- CBA #: 679692
Listed By: Kiemle Hagood
1103 W Northwest Blvd
1103, Northwest Blvd, Spokane, WA 99205- Available SQ. FT. 2705
- Building SQ. FT. 2705
- Cap Rate:
- LOT SQ. FT. 9060
- Year Built: 1939
- CBA #: 675544
Listed By: R.H. Cooke & Assoc. Inc
2430 & 2434 W Pacific Avenue
2430, Pacific Ave, Spokane, WA 99201- Available SQ. FT. 21344
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 21444
- Year Built:
- CBA #: 662083
Listed By: Kiemle Hagood
478 Acres SF Development
10000, Euclid, Spokane, WA 99224- Available SQ. FT. 20821680
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 20821680
- Year Built:
- CBA #: 661151
Listed By: Black Commercial, Inc.
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
Listed By: Jones Lang LaSalle
2002 N Division Street
2002, Division St, Spokane, WA 99207- Available SQ. FT. 14900
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 10890
- Year Built:
- CBA #: 648090
Listed By: Dowers Commercial RE Group
Premera Blue Cross
3900, Sprague Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 103000
- Cap Rate:
- LOT SQ. FT. 252212
- Year Built: 1983
- CBA #: 647524
Listed By: Kiemle Hagood
Kaiser Permanente
5615, Sunset Hwy, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT. 57750
- Cap Rate:
- LOT SQ. FT. 290545
- Year Built: 1993
- CBA #: 644176
Listed By: Kiemle Hagood
309 W Riverside Avenue
309, Riverside Avenue, Spokane, WA 99201- Available SQ. FT. 15000
- Building SQ. FT. 15000
- Cap Rate:
- LOT SQ. FT. 13400
- Year Built: 1913
- CBA #: 642073
Listed By: Kiemle Hagood
2128 W 5th Avenue
2128, 5 Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 400
- Cap Rate:
- LOT SQ. FT. 7100
- Year Built: 1900
- CBA #: 692270
Listed By: R.H. Cooke & Assoc. Inc
525 W 2nd Ave
525, 2nd Ave, Spokane, WA 99201- Available SQ. FT. 16659
- Building SQ. FT. 16659
- Cap Rate:
- LOT SQ. FT. 7105
- Year Built: 1978
- CBA #: 692216
Listed By: Kiemle Hagood
2015 N Division
2015, Division, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 15480
- Cap Rate:
- LOT SQ. FT. 18731
- Year Built: 1921
- CBA #: 692209
Listed By: SVN Cornerstone LLC
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.