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.

$245000 /Sq. Ft.
Status: Available

309 E Pacific Avenue

309, Pacific Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 1504
  • Cap Rate:
  • LOT SQ. FT. 5314
  • Year Built: 1889
  • CBA #: 678829
$3520000 /Sq. Ft.
Status: Available

244 W Main

244, Main St, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 17850
  • Cap Rate:
  • LOT SQ. FT. 8111
  • Year Built: 1979
  • CBA #: 678792
$1200000
Status: Available

Sunset West Development Land

2918, 8th Ave, Spokane, WA  99224
  • Available SQ. FT. 62291
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 62463
  • Year Built:
  • CBA #: 678752
$5155740
Status: Available

Deer Heights

9926, Hwy 2, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 5325
  • Cap Rate:
  • LOT SQ. FT. 66037
  • Year Built: 2023
  • CBA #: 678742
$600000
Status: Available

1408 W Broadway

1408, Broadway Ave, Spokane, WA  99201
  • Available SQ. FT. 2884
  • Building SQ. FT. 2884
  • Cap Rate:
  • LOT SQ. FT. 6098
  • Year Built: 1921
  • CBA #: 678741
$5850000
Status: Available

Gateway

125, Arthur St, Spokane, WA  99202
  • Available SQ. FT. 46067
  • Building SQ. FT. 46067
  • Cap Rate: -0.58
  • LOT SQ. FT. 97916
  • Year Built: 1980
  • CBA #: 678614
$489000
Status: Available

1401 W Northwest Boulevard

1401, Northwest Blvd, Spokane, WA  99205
  • Available SQ. FT.
  • Building SQ. FT. 1717
  • Cap Rate:
  • LOT SQ. FT. 3572
  • Year Built: 1952
  • CBA #: 678610
$600000
Status: Available

2202 E Euclid Avenue

2202, Euclid Ave, Spokane, WA  99207
  • Available SQ. FT. 3928
  • Building SQ. FT. 3628
  • Cap Rate:
  • LOT SQ. FT. 31686
  • Year Built: 1948
  • CBA #: 678556
$895000
Status: Available

418 E Mission

418, Mission Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 6000
  • Cap Rate:
  • LOT SQ. FT. 6970
  • Year Built: 1905
  • CBA #: 678548
$1500000
Status: Available

4309 & 4225 E Joseph Ave

4309, Joseph Ave, Spokane, WA  99217
  • Available SQ. FT.
  • Building SQ. FT. 16775
  • Cap Rate:
  • LOT SQ. FT. 75359
  • Year Built:
  • CBA #: 678361
$3990000
Status: Available

6404 E Sprague Avenue

6404, Sprague Ave, Spokane, WA  99212
  • Available SQ. FT. 25885
  • Building SQ. FT. 25885
  • Cap Rate:
  • LOT SQ. FT. 65776
  • Year Built:
  • CBA #: 678346
$469000
Status: Available

Flour Mill - Office Condo Units

621, Mallon Ave, Spokane, WA  99201
  • Available SQ. FT. 1249
  • Building SQ. FT. 74219
  • Cap Rate:
  • LOT SQ. FT. 95757
  • Year Built: 1897
  • CBA #: 678116
$799000
Status: Available

1101 West Maxwell Avenue

1101, Maxwell, Spokane, WA  99201
  • Available SQ. FT. 0
  • Building SQ. FT. 4363
  • Cap Rate: 5.58
  • LOT SQ. FT. 6970
  • Year Built: 1897
  • CBA #: 678055
$750000
Status: Available

14318 E 13th Avenue

14318, 13th Ave, Spokane, WA  
  • Available SQ. FT. 2976
  • Building SQ. FT. 2976
  • Cap Rate: 5.58
  • LOT SQ. FT. 39089
  • Year Built: 2022
  • CBA #: 677982
$2250000
Status: Available

14302 E 13th Avenue

14302, 13th Ave, Spokane, WA  99037
  • Available SQ. FT.
  • Building SQ. FT. 11904
  • Cap Rate: 6.03
  • LOT SQ. FT. 39089
  • Year Built: 2022
  • CBA #: 677970
$1500000
Status: Available

14310 E 13th Avenue

14310, 13th Ave, Spokane, WA  99037
  • Available SQ. FT. 5952
  • Building SQ. FT. 5952
  • Cap Rate: 5.64
  • LOT SQ. FT. 39089
  • Year Built: 2022
  • CBA #: 677967
$0
Status: Available

3121-3125 E Francis Avenue

3125, Francis Ave, Spokane, WA  99217
  • Available SQ. FT.
  • Building SQ. FT. 12780
  • Cap Rate:
  • LOT SQ. FT. 45738
  • Year Built: 1998
  • CBA #: 677927
$699000
Status: Available

The Garland Suites

4003, Post St, Spokane, WA  99205
  • Available SQ. FT. 3366
  • Building SQ. FT. 3366
  • Cap Rate:
  • LOT SQ. FT. 6098
  • Year Built: 1912
  • CBA #: 677913
$1550000
Status: Available

3003 N Napa Street

3003, Napa St, Spokane, WA  99207
  • Available SQ. FT. 6492
  • Building SQ. FT. 6512
  • Cap Rate: 5.56
  • LOT SQ. FT. 8276
  • Year Built: 2021
  • CBA #: 677861
$575000
Status: Available

1504 E Sprague + 1501 & 1507 E 1st Avenue

1504, Sprague Ave, Spokane, WA  99202
  • Available SQ. FT. 3060
  • Building SQ. FT. 3060
  • Cap Rate:
  • LOT SQ. FT. 16189
  • Year Built: 1916
  • CBA #: 677425

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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