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.
River Court Apartments
3001, Upriver Dr, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 17750
- Cap Rate:
- LOT SQ. FT. 40471
- Year Built: 1979
- CBA #: 703787
Listed By: Kidder Mathews
Fiske-Greene Street - Former Starbucks
1605, Greene St, Spokane, WA 99207- Available SQ. FT.
- Building SQ. FT. 910
- Cap Rate:
- LOT SQ. FT. 36155
- Year Built: 2015
- CBA #: 703778
Listed By: SVN Cornerstone LLC
2001 W Boone Avenue
2001, Boone Ave, Spokane, WA 99201- Available SQ. FT. 6288
- Building SQ. FT. 6366
- Cap Rate:
- LOT SQ. FT. 4792
- Year Built: 2023
- CBA #: 703054
Listed By: TOK Commercial
Crisler Building
228, Indiana Ave, Spokane, WA 99205- Available SQ. FT. 2000
- Building SQ. FT. 2000
- Cap Rate:
- LOT SQ. FT. 6964
- Year Built: 1976
- CBA #: 702659
Listed By: Keller Williams Realty
7826 N Market Street
7826, Market St, Spokane, WA 99217- Available SQ. FT.
- Building SQ. FT. 21300
- Cap Rate:
- LOT SQ. FT. 86249
- Year Built: 1993
- CBA #: 702525
Listed By: Black Commercial, Inc.
6603 - 6641 N Standard Street
6603, Standard St, Spokane, WA 99208- Available SQ. FT. 22800
- Building SQ. FT. 22800
- Cap Rate: 6.94
- LOT SQ. FT. 56542
- Year Built: 1971
- CBA #: 702211
Listed By: SVN Cornerstone LLC
720 S Jefferson Street
720, Jefferson St, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 12157
- Cap Rate:
- LOT SQ. FT. 14200
- Year Built: 1907
- CBA #: 702200
Listed By: LT Real Estate
1711 W 10th Ave
1711, 10th, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 13212
- Cap Rate:
- LOT SQ. FT. 12632
- Year Built: 1974
- CBA #: 702196
Listed By: LT Real Estate
118 E Rockwood Boulevard
118, Rockwood Blvd, Spokane, WA 99202- Available SQ. FT. 5556
- Building SQ. FT. 5556
- Cap Rate:
- LOT SQ. FT. 10048
- Year Built: 1939
- CBA #: 702193
Listed By: Keller Williams Realty
1704 West 10th Avenue
1704, 10th Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 17942
- Cap Rate:
- LOT SQ. FT. 12763
- Year Built: 1994
- CBA #: 702168
Listed By: LT Real Estate
1405 W 8th Avenue
1405, 8th Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 9372
- Cap Rate:
- LOT SQ. FT. 12297
- Year Built: 1962
- CBA #: 702096
Listed By: LT Real Estate
1818 W 8th Avenue
1818, 8th Ave, Spokane, WA 99204- Available SQ. FT. 10548
- Building SQ. FT. 10548
- Cap Rate:
- LOT SQ. FT. 10650
- Year Built: 1910
- CBA #: 702083
Listed By: LT Real Estate
903 S Adams Street
903, Adams St, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 5836
- Cap Rate:
- LOT SQ. FT. 6600
- Year Built: 1917
- CBA #: 699783
Listed By: LT Real Estate
2015 W 10th Ave
2015, 10th Ave, Spokane, WA 99204- Available SQ. FT.
- Building SQ. FT. 10455
- Cap Rate:
- LOT SQ. FT. 16081
- Year Built: 1959
- CBA #: 699144
Listed By: LT Real Estate
1828 W 9th Avenue
1828, 9th Ave, Spokane, WA 99204- Available SQ. FT. 4353
- Building SQ. FT. 4353
- Cap Rate:
- LOT SQ. FT. 3900
- Year Built: 1908
- CBA #: 694751
Listed By: LT Real Estate
1733 W 10th Avenue
1733, 10th Ave, Spokane, WA 99204- Available SQ. FT. 5750
- Building SQ. FT. 5750
- Cap Rate:
- LOT SQ. FT. 9594
- Year Built: 1912
- CBA #: 694750
Listed By: LT Real Estate
901 S Lincoln Street
901, Lincoln St, Spokane, WA 99204- Available SQ. FT. 6740
- Building SQ. FT. 6740
- Cap Rate:
- LOT SQ. FT. 23192
- Year Built: 1890
- CBA #: 694747
Listed By: LT Real Estate
1424 West 10th Avenue
1424, 10th Ave, Spokane, WA 99204- Available SQ. FT. 4984
- Building SQ. FT. 4984
- Cap Rate:
- LOT SQ. FT. 7100
- Year Built: 1911
- CBA #: 694746
Listed By: LT Real Estate
1428 W 10th Avenue
1428, 10th Ave, Spokane, WA 99204- Available SQ. FT. 7524
- Building SQ. FT. 7524
- Cap Rate:
- LOT SQ. FT. 6970
- Year Built: 1909
- CBA #: 694745
Listed By: LT Real Estate
927 S Adams Street
927, Adams St, Spokane, WA 99204- Available SQ. FT. 4798
- Building SQ. FT. 4798
- Cap Rate:
- LOT SQ. FT. 6600
- Year Built: 1909
- CBA #: 694736
Listed By: LT Real Estate
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.