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.

$85000
Status: Pending

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
$1000000
Status: Pending

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
$96000
Status: Pending

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
$5250000
Status: Pending

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
$199000
Status: Pending

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
$489000
Status: Pending

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
$650000
Status: Pending

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
$3800000
Status: Pending

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
$495000
Status: Pending

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
$650000
Status: Pending

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
$675000
Status: Pending

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
$4100000
Status: Pending

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
$2200000
Status: Pending

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
$2000000
Status: Pending

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
$7500000
Status: Pending

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
$1799000
Status: Pending

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
$1395000
Status: Pending

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
$450000
Status: Pending

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
$1450000
Status: Pending

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
$1250000
Status: Pending

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

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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