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.
3804 N Lidgerwood Street
3804, Lidgerwood St, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 5619
- Year Built:
- CBA #: 647604
Listed By: LT Real Estate
Zimmerman Industrial
1716, Houston Ave, Spokane, WA 99217- Available SQ. FT.
- Building SQ. FT. 5700
- Cap Rate:
- LOT SQ. FT. 135036
- Year Built: 1985
- CBA #: 646746
Listed By: American Real Estate Associates, Inc.
11308 N Waikiki Road
11308, Waikiki Rd, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 34848
- Year Built:
- CBA #: 645887
Listed By: LT Real Estate
Charlie's Produce
3530, Ferry Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 59096
- Cap Rate: 5.82
- LOT SQ. FT. 119500
- Year Built: 1956
- CBA #: 645700
Listed By: Kiemle Hagood
104 S Thor Street
104, Thor St, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 1019
- Cap Rate:
- LOT SQ. FT. 6534
- Year Built: 1910
- CBA #: 645373
Listed By: Source Real Estate
422 & 428 E 2nd Avenue
422, 2nd Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 1296
- Cap Rate:
- LOT SQ. FT. 14810
- Year Built: 1973
- CBA #: 644553
Listed By: CENTURY 21 Beutler & Associates
2923 N Hogan Street
2923, Hogan St, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 3144
- Cap Rate:
- LOT SQ. FT. 6600
- Year Built: 1978
- CBA #: 644521
Listed By: LT Real Estate
9626 N Colfax
9626, Colfax, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT. 9584
- Cap Rate: 12.05
- LOT SQ. FT. 20038
- Year Built: 1960
- CBA #: 644023
Listed By: American Real Estate Associates, Inc.
1720 W Riverside
1720, Riverside Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 16031
- Year Built:
- CBA #: 642987
Listed By: SDS Realty Inc
1201 N Ash Street
1201, Ash St, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 4990
- Cap Rate:
- LOT SQ. FT. 12000
- Year Built: 1977
- CBA #: 642832
Listed By: Black Commercial, Inc.
North Spokane Veterinary Clinic
9321, Nevada St, Spokane, WA 99218- Available SQ. FT.
- Building SQ. FT. 2897
- Cap Rate:
- LOT SQ. FT. 18133
- Year Built: 1998
- CBA #: 642802
Listed By: Marcus & Millichap, Inc.
Cascade Building
101, Cascade Way, Spokane, WA 99208- Available SQ. FT.
- Building SQ. FT. 21776
- Cap Rate: 6.35
- LOT SQ. FT. 69696
- Year Built: 1992
- CBA #: 642039
Listed By: Black Commercial, Inc.
Boulevard Motel
2905, Sunset Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT. 8480
- Cap Rate:
- LOT SQ. FT. 40511
- Year Built: 1939
- CBA #: 641706
Listed By: Black Commercial, Inc.
CM BLDGS/SHOP/MOBL
13521, Trent, Spokane, WA 99206- Available SQ. FT.
- Building SQ. FT. 4985
- Cap Rate: 6.60
- LOT SQ. FT. 176854
- Year Built: 1978
- CBA #: 640331
Listed By: SVN Cornerstone LLC
Wingate By Wyndham Spokane Airport
2726, Flint Rd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT. 51000
- Cap Rate: 9.04
- LOT SQ. FT. 0
- Year Built: 2009
- CBA #: 640292
Listed By: Crystal Investment Property LLC
1515-1519 W Sharp Avenue
1515, Sharp Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 9792
- Cap Rate: 7.03
- LOT SQ. FT. 16988
- Year Built: 1977
- CBA #: 639881
Listed By: CITY Asset Group Property Management Commercial RE
Boone Apartments & Ministorage
3004, Boone Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 99999
- Cap Rate: 7.16
- LOT SQ. FT. 18877
- Year Built: 1976
- CBA #: 638002
Listed By: SDS Realty Inc
Knipprath Cellars
5634, Commerce, Spokane, WA 99212- Available SQ. FT.
- Building SQ. FT. 8832
- Cap Rate:
- LOT SQ. FT. 24396
- Year Built: 1913
- CBA #: 637257
Listed By: RenCorpRealty
307 W 4th Ave & 308-310 W 5th Ave
308, 5th Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 42600
- Year Built:
- CBA #: 636870
Listed By: Black Commercial, Inc.
519 E North Foothills Drive
519, North Foothills Dr, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT.
- Cap Rate: 0.00
- LOT SQ. FT. 88996
- Year Built:
- CBA #: 636666
Listed By: Daines Capital
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.