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.
960 E 3rd Avenue
960, 3rd Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 6360
- Cap Rate:
- LOT SQ. FT. 79604
- Year Built: 1972
- CBA #: 615505
Listed By: Kiemle Hagood
The Cook Building
811, 2nd Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 22400
- Cap Rate:
- LOT SQ. FT. 6970
- Year Built: 1901
- CBA #: 611641
Listed By: Kiemle Hagood
Palouse Highway Vacant Land
0, Palouse Hwy, Spokane, WA 99223- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 78844
- Year Built:
- CBA #: 590512
Listed By: Kiemle Hagood
Pacific NW Tech Park - All Land Lots
0, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 3489156
- Year Built:
- CBA #: 589836
Listed By: Bornhoft Commercial
Deer Heights Road - All Land Lots
0, Deer Heights Rd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 1192673
- Year Built: 2017
- CBA #: 589834
Listed By: Bornhoft Commercial
Wandermere Business Park - Lot 9074
0, Addison St, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 35284
- Year Built:
- CBA #: 585190
Listed By: Bornhoft Commercial
Wandermere Business Park - Lot 9073
0, Addison St, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 67518
- Year Built:
- CBA #: 585180
Listed By: Bornhoft Commercial
Wandermere Business Park - Lot 9072
0, Addison St, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 65776
- Year Built:
- CBA #: 585179
Listed By: Bornhoft Commercial
11100 W Westbow - Parcel 2
11100, Westbow, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 270072
- Year Built:
- CBA #: 581528
Listed By: Kiemle Hagood
5915 S Meadow Lane Road
5915, Meadow Lane Rd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 462607
- Year Built:
- CBA #: 577346
Listed By: Kiemle Hagood
Sunset Hwy Land
8100, Highway 2, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 388120
- Year Built:
- CBA #: 561548
Listed By: Byrd Real Estate Group
Nevada St. & Sitka Ave
0, Nevada St, Spokane, WA 99208- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 71874
- Year Built:
- CBA #: 526707
Listed By: Kiemle Hagood
13102 E Mission Avenue
13102, Mission Avenue, Spokane, WA 99216- Available SQ. FT. 15112
- Building SQ. FT. 15112
- Cap Rate:
- LOT SQ. FT. 94525
- Year Built: 1991
- CBA #: 657037
Listed By: Kiemle Hagood
1401 W Northwest Blvd
1401, Northwest Blvd, Spokane, WA 99205- Available SQ. FT.
- Building SQ. FT. 1717
- Cap Rate:
- LOT SQ. FT. 3572
- Year Built: 1952
- CBA #: 656749
Listed By: SVN Cornerstone LLC
206 W 8th Avenue
206, 8th Ave, Spokane, WA 99204- Available SQ. FT. 30218
- Building SQ. FT. 30218
- Cap Rate:
- LOT SQ. FT. 14375
- Year Built: 1914
- CBA #: 655947
Listed By: Kiemle Hagood
217 N Napa Street
217, Napa St, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 3960
- Cap Rate:
- LOT SQ. FT. 46549
- Year Built: 1979
- CBA #: 655485
Listed By: Kiemle Hagood
Cataldo Professional Center
111, Cataldo Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 19608
- Cap Rate:
- LOT SQ. FT. 47036
- Year Built: 1992
- CBA #: 655443
Listed By: Black Commercial, Inc.
1719-1727 N Atlantic Street
1719, Atlantic St, Spokane, WA 99205- Available SQ. FT. 8341
- Building SQ. FT. 8341
- Cap Rate:
- LOT SQ. FT. 13068
- Year Built: 1980
- CBA #: 655191
Listed By: Black Commercial, Inc.
Valley Multi-Family Acreage
5, Park, Spokane, WA 99212- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 158994
- Year Built:
- CBA #: 654846
Listed By: G. Arger Co.Real Estate Inc.
Diversified Wood Recycling
8716, Greene Street, Spokane, WA 99217- Available SQ. FT.
- Building SQ. FT. 950
- Cap Rate:
- LOT SQ. FT. 3293760
- Year Built:
- CBA #: 654781
Listed By: Keller Williams Realty
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.