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.

$299000
Status: Available

Lee Property

120, Lee St, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 1272
  • Cap Rate:
  • LOT SQ. FT. 12780
  • Year Built: 1907
  • CBA #: 645025
$3900000
Status: Available

Multi-Parcel Rental Portfolio

0, Various Locations, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 16450
  • Cap Rate: -3.28
  • LOT SQ. FT. 46135
  • Year Built: 2000
  • CBA #: 645018
$425000
Status: Available

8800 W Hallett Road

8806, Hallett Rd, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 101059
  • Year Built:
  • CBA #: 644964
$995000
Status: Available

11120 W Westbow Lane

11120, Westbow Ln, Spokane, WA  99004
  • Available SQ. FT.
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 179903
  • Year Built:
  • CBA #: 644963
$385000
Status: Available

9209 E Trent Avenue

9209, Trent Ave, Spokane, WA  99206
  • Available SQ. FT.
  • Building SQ. FT. 2736
  • Cap Rate:
  • LOT SQ. FT. 15353
  • Year Built: 1949
  • CBA #: 644858
$180000
Status: Available

Asian Restaurant

5306, Sunset Hwy, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 2427
  • Cap Rate:
  • LOT SQ. FT. 17389
  • Year Built: 1951
  • CBA #: 644853
$0
Status: Available

West Plains Logistics

0000, Hallett Rd, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 562000
  • Cap Rate:
  • LOT SQ. FT. 1210968
  • Year Built: 2022
  • CBA #: 644844
$250000
Status: Available

2811 & 2815 N Dakota Street

2811, Dakota St, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 14375
  • Year Built:
  • CBA #: 644838
$1100000
Status: Available

Development - Sunset Hwy & Geiger

5221, Sunset Hwy, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 3376
  • Cap Rate:
  • LOT SQ. FT. 235272
  • Year Built: 1938
  • CBA #: 644706
$399999
Status: Available

7008 N Market Street

7008, Market St, Spokane, WA  99217
  • Available SQ. FT.
  • Building SQ. FT. 3880
  • Cap Rate:
  • LOT SQ. FT. 15246
  • Year Built: 1939
  • CBA #: 644668
$710000
Status: Available

1520 S Rustle Street

1520, Rustle St, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 2496
  • Cap Rate:
  • LOT SQ. FT. 32500
  • Year Built: 1973
  • CBA #: 644665
$1750000
Status: Available

1108-1110 W 2nd Avenue

1108, 2nd Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 10450
  • Cap Rate:
  • LOT SQ. FT. 14200
  • Year Built: 1963
  • CBA #: 644580
$1950000
Status: Available

35 - 39 W Pacific Avenue

35, Pacific Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 22000
  • Cap Rate:
  • LOT SQ. FT. 12338
  • Year Built: 1911
  • CBA #: 644436
$6000000
Status: Available

Liberty Apartments

3001, Liberty Ave, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 19284
  • Cap Rate: 5.15
  • LOT SQ. FT. 22000
  • Year Built: 2022
  • CBA #: 644316
$14000000
Status: Available

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 #: 644248
$10425000
Status: Available

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
$3800000
Status: Available

9626 N Colfax

9626, Colfax, Spokane, WA  99218
  • Available SQ. FT.
  • Building SQ. FT. 9584
  • Cap Rate: 12.05
  • LOT SQ. FT. 20092
  • Year Built: 1960
  • CBA #: 644023
$950000
Status: Available

42XX N Old Trails Road

4200, Old Trails Rd, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 3223440
  • Year Built:
  • CBA #: 643799
$1400000
Status: Available

924 - 930 W 2nd Avenue

924, 2nd Ave, Spokane, WA  99201
  • Available SQ. FT.
  • Building SQ. FT. 10629
  • Cap Rate:
  • LOT SQ. FT. 13939
  • Year Built: 1918
  • CBA #: 643713
$2150000
Status: Available

Zillah Trucking Industrial Property

1708, Holyoke Ave, Spokane, WA  99217
  • Available SQ. FT.
  • Building SQ. FT. 16794
  • Cap Rate:
  • LOT SQ. FT. 164700
  • Year Built: 1969
  • CBA #: 643374

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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