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.
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 #: 636869
Listed By: Black Commercial, Inc.
Pacific NW Tech Park - Lot 0304
1803, Campus Rd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 1508396
- Year Built:
- CBA #: 636757
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0406
1825, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 630749
- Year Built:
- CBA #: 636756
Listed By: Bornhoft Commercial
35 - 39 W Pacific Avenue
35, Pacific Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 22000
- Cap Rate:
- LOT SQ. FT. 12197
- Year Built: 1911
- CBA #: 636730
Listed By: Black Commercial, Inc.
Commerce Park at West Plains-Build to Suit
11515, Medical Lake Rd, Spokane, WA 99004- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 4094640
- Year Built:
- CBA #: 636714
Listed By: SVN Cornerstone LLC
Pacific NW Tech Park - Lot 0405
1721, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 107593
- Year Built:
- CBA #: 636351
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0409
1617, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 121968
- Year Built:
- CBA #: 636349
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0401
8509, Whitman Dr, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 68825
- Year Built:
- CBA #: 636348
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0407
8611, Whitman Dr, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 111514
- Year Built:
- CBA #: 636345
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0503
1506, Campus Rd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 80150
- Year Built:
- CBA #: 636344
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0502
8508, Whitman Ave, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 79279
- Year Built:
- CBA #: 636342
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0501
8610, Whitman Ave, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 70567
- Year Built:
- CBA #: 636340
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 9056
0, Sunset Hwy, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 63598
- Year Built:
- CBA #: 636335
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0104
1514, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 49658
- Year Built:
- CBA #: 636329
Listed By: Bornhoft Commercial
Pacific NW Tech Park - Lot 0101
1412, Technology Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 57935
- Year Built:
- CBA #: 636328
Listed By: Bornhoft Commercial
4626 S Dowdy Road
4626, Dowdy Rd, Spokane, WA 99224- Available SQ. FT. 104980
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 104980
- Year Built:
- CBA #: 636135
Listed By: Berkshire Hathaway First Look
4115 E Trent Avenue
4115, Trent Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 24630
- Cap Rate:
- LOT SQ. FT. 114127
- Year Built: 1966
- CBA #: 634225
Listed By: Jones Lang LaSalle
Retail Pad Adjacent to Hotel
3809, Geiger, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 47916
- Year Built:
- CBA #: 634169
Listed By: SVN Retter & Company
Freeway Land
3809, Geiger Blvd, Spokane, WA 99224- Available SQ. FT.
- Building SQ. FT.
- Cap Rate:
- LOT SQ. FT. 526702
- Year Built:
- CBA #: 633827
Listed By: Kiemle Hagood
Country Homes Professional Center
6821, Country Homes Blvd, Spokane, WA 99208- Available SQ. FT. 600
- Building SQ. FT. 14748
- Cap Rate:
- LOT SQ. FT. 45109
- Year Built: 1986
- CBA #: 632517
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.