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.

$1700000
Status: Pending

5301 E Upriver Drive

5301, Upriver Dr, Spokane, WA  99217
  • Available SQ. FT. 0
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 141042
  • Year Built:
  • CBA #: 691098
$2310240
Status: Pending

1020 East Cataldo

1020, Cataldo Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 21005
  • Cap Rate:
  • LOT SQ. FT. 103368
  • Year Built: 1976
  • CBA #: 690974
$1100000
Status: Pending

1102 W 6th Avenue

1102, 6th Ave, Spokane, WA  99204
  • Available SQ. FT.
  • Building SQ. FT. 3486
  • Cap Rate:
  • LOT SQ. FT. 13068
  • Year Built: 1949
  • CBA #: 688793
$3400000
Status: Pending

Dorian

130, Mission Ave, Spokane, WA  99202
  • Available SQ. FT. 16965
  • Building SQ. FT. 16965
  • Cap Rate:
  • LOT SQ. FT. 49658
  • Year Built: 1957
  • CBA #: 688786
$949000
Status: Pending

9911 N Division Street

9915, Division St, Spokane, WA  99218
  • Available SQ. FT. 23248
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 23087
  • Year Built:
  • CBA #: 687406
$2250000
Status: Pending

Spokane Industrial Portfolio

3624, Joseph Ave, Spokane, WA  99217
  • Available SQ. FT.
  • Building SQ. FT. 14764
  • Cap Rate:
  • LOT SQ. FT. 56737
  • Year Built: 1998
  • CBA #: 686867
$750000
Status: Pending

3010 N Stone St

3010, Stone St, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 4368
  • Cap Rate:
  • LOT SQ. FT. 8320
  • Year Built: 1978
  • CBA #: 683549
$515000
Status: Pending

1023 W Maxwell Avenue

1023, Maxwell Ave, Spokane, WA  99201
  • Available SQ. FT. 2534
  • Building SQ. FT. 2534
  • Cap Rate:
  • LOT SQ. FT. 7100
  • Year Built: 1900
  • CBA #: 681624
$4950000
Status: Pending

Moran Prairie Shopping Center

3203, 57th Ave, Spokane, WA  99223
  • Available SQ. FT. 15728
  • Building SQ. FT. 15728
  • Cap Rate:
  • LOT SQ. FT. 93629
  • Year Built:
  • CBA #: 679692
$399000
Status: Pending

1103 W Northwest Blvd

1103, Northwest Blvd, Spokane, WA  99205
  • Available SQ. FT. 2705
  • Building SQ. FT. 2705
  • Cap Rate:
  • LOT SQ. FT. 9060
  • Year Built: 1939
  • CBA #: 675544
$500000
Status: Pending

2430 & 2434 W Pacific Avenue

2430, Pacific Ave, Spokane, WA  99201
  • Available SQ. FT. 21344
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 21444
  • Year Built:
  • CBA #: 662083
$5142300
Status: Pending

478 Acres SF Development

10000, Euclid, Spokane, WA  99224
  • Available SQ. FT. 20821680
  • Building SQ. FT. 0
  • Cap Rate:
  • LOT SQ. FT. 20821680
  • Year Built:
  • CBA #: 661151
$625000
Status: Pending

319 W 3rd Avenue

319, 3rd Ave, Spokane, WA  99201
  • Available SQ. FT. 7100
  • Building SQ. FT. 7100
  • Cap Rate:
  • LOT SQ. FT. 7100
  • Year Built: 1930
  • CBA #: 653144
$425000
Status: Pending

2002 N Division Street

2002, Division St, Spokane, WA  99207
  • Available SQ. FT. 14900
  • Building SQ. FT.
  • Cap Rate:
  • LOT SQ. FT. 10890
  • Year Built:
  • CBA #: 648090
$9995000
Status: Pending

Premera Blue Cross

3900, Sprague Ave, Spokane, WA  99202
  • Available SQ. FT.
  • Building SQ. FT. 103000
  • Cap Rate:
  • LOT SQ. FT. 252212
  • Year Built: 1983
  • CBA #: 647524
$9250000
Status: Pending

Kaiser Permanente

5615, Sunset Hwy, Spokane, WA  99224
  • Available SQ. FT.
  • Building SQ. FT. 57750
  • Cap Rate:
  • LOT SQ. FT. 290545
  • Year Built: 1993
  • CBA #: 644176
$2625000
Status: Pending

309 W Riverside Avenue

309, Riverside Avenue, Spokane, WA  99201
  • Available SQ. FT. 15000
  • Building SQ. FT. 15000
  • Cap Rate:
  • LOT SQ. FT. 13400
  • Year Built: 1913
  • CBA #: 642073
$499000
Status: Available

2128 W 5th Avenue

2128, 5 Ave, Spokane, WA  99204
  • Available SQ. FT.
  • Building SQ. FT. 400
  • Cap Rate:
  • LOT SQ. FT. 7100
  • Year Built: 1900
  • CBA #: 692270
$895000
Status: Available

525 W 2nd Ave

525, 2nd Ave, Spokane, WA  99201
  • Available SQ. FT. 16659
  • Building SQ. FT. 16659
  • Cap Rate:
  • LOT SQ. FT. 7105
  • Year Built: 1978
  • CBA #: 692216
$1250000
Status: Available

2015 N Division

2015, Division, Spokane, WA  99207
  • Available SQ. FT.
  • Building SQ. FT. 15480
  • Cap Rate:
  • LOT SQ. FT. 18731
  • Year Built: 1921
  • CBA #: 692209

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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