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.
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
Listed By: Jones Lang LaSalle
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
Listed By: Black Commercial, Inc.
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
Listed By: Kiemle Hagood
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
Listed By: Black Commercial, Inc.
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
Listed By: LT Real Estate
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
Listed By: Cantu Commercial Properties
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
Listed By: Black Commercial, Inc.
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
Listed By: Kiemle Hagood
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
Listed By: Black Commercial, Inc.
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
Listed By: Black Commercial, Inc.
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
Listed By: Kiemle Hagood
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
Listed By: Kiemle Hagood
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
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
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
Listed By: Kiemle Hagood
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
Listed By: Black Commercial, Inc.
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
Listed By: Jones Lang LaSalle
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
Listed By: Bornhoft Commercial
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
Listed By: Jones Lang LaSalle
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
Listed By: Bornhoft Commercial
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.