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.

$1200000
Status: Available

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
$2999999
Status: Available

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
$999000
Status: Available

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
$20569470
Status: Available

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
$0
Status: Available

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
$500000
Status: Available

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
$700000
Status: Available

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
$800000
Status: Available

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
$784080
Status: Available

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
$535000
Status: Available

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
$1358420
Status: Available

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
$683000
Status: Available

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
$2650000
Status: Pending

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
$350000
Status: Pending

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
$2000000
Status: Pending

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
$595000
Status: Pending

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
$3100000
Status: Pending

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
$1200000
Status: Pending

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
$1500000
Status: Pending

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
$1400000
Status: Pending

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

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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