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.
RiverView at Stateline
0, Wellesley Ave, Spokane, WA 99025- Available SQ. FT. 445183
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 445183
- Year Built:
- CBA #: 623677
Listed By: Black Commercial, Inc.
960 E 3rd Avenue
960, 3rd Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 6360
- Cap Rate:
- LOT SQ. FT. 82088
- Year Built: 1972
- CBA #: 615505
Listed By: Kiemle Hagood
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
Listed By: Kiemle Hagood
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
Listed By: Kiemle Hagood
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
Listed By: Kiemle Hagood
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
Listed By: Kiemle Hagood
8217 US-2
8217, US-2, Spokane, WA 99224- Available SQ. FT. 387684
- Building SQ. FT. 0
- Cap Rate:
- LOT SQ. FT. 388555
- Year Built:
- CBA #: 561548
Listed By: Byrd Real Estate Group
1721 N Monroe Street
1721, Monroe St, Spokane, WA 99205- Available SQ. FT. 3550
- Building SQ. FT. 3550
- Cap Rate:
- LOT SQ. FT. 3964
- Year Built: 1947
- CBA #: 679286
Listed By: LT Real Estate
1013 W Nora Avenue
1013, Nora Ave, Spokane, WA 99205- Available SQ. FT. 1280
- Building SQ. FT. 1280
- Cap Rate:
- LOT SQ. FT. 6011
- Year Built: 1954
- CBA #: 679285
Listed By: LT Real Estate
418 E Mission
418, Mission Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 6000
- Cap Rate:
- LOT SQ. FT. 6970
- Year Built: 1905
- CBA #: 678548
Listed By: Kidder Mathews
14302 E 13th Avenue
14302, 13th Ave, Spokane, WA 99037- Available SQ. FT.
- Building SQ. FT. 11904
- Cap Rate: 6.03
- LOT SQ. FT. 39089
- Year Built: 2022
- CBA #: 677970
Listed By: Windermere Real Estate/ Valley, Inc.
3003 N Napa Street
3003, Napa St, Spokane, WA 99207- Available SQ. FT. 6492
- Building SQ. FT. 6512
- Cap Rate: 5.56
- LOT SQ. FT. 8276
- Year Built: 2021
- CBA #: 677861
Listed By: Windermere Real Estate/ Valley, Inc.
1015 N Division Street
1015, Division St, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 5000
- Cap Rate:
- LOT SQ. FT. 7600
- Year Built: 1939
- CBA #: 677116
Listed By: LT Real Estate
601 W Mansfield Ave
601, Mansfield, Spokane, WA 99205- Available SQ. FT.
- Building SQ. FT. 2684
- Cap Rate:
- LOT SQ. FT. 6098
- Year Built: 1936
- CBA #: 676613
Listed By: RenCorpRealty
3857 E Olive Avenue
3857, Olive Ave, Spokane, WA 99202- Available SQ. FT. 16266
- Building SQ. FT. 16560
- Cap Rate:
- LOT SQ. FT. 84376
- Year Built: 1962
- CBA #: 676499
Listed By: Black Commercial, Inc.
1036 E Desmet Avenue
1036, Desmet Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 5967
- Cap Rate:
- LOT SQ. FT. 8581
- Year Built: 1978
- CBA #: 676320
Listed By: Skyline Properties, Inc.
612 W Sharp Avenue
612, Sharp Ave, Spokane, WA 99201- Available SQ. FT.
- Building SQ. FT. 3812
- Cap Rate:
- LOT SQ. FT. 8276
- Year Built: 1954
- CBA #: 675459
Listed By: Bornhoft Commercial
2708 E 31st Avenue
2708, 31 Ave, Spokane, WA 99223- Available SQ. FT. 1940
- Building SQ. FT. 1940
- Cap Rate:
- LOT SQ. FT. 6839
- Year Built: 1950
- CBA #: 674604
Listed By: McCathren Management
237 E 7th Avenue
237, 7th Ave, Spokane, WA 99202- Available SQ. FT.
- Building SQ. FT. 11138
- Cap Rate:
- LOT SQ. FT. 13504
- Year Built: 1904
- CBA #: 672908
Listed By: Goodale & Barbieri Company
Turning Leaf Townhomes
20, Pineridge Ct, Spokane, WA 99208- Available SQ. FT. 16800
- Building SQ. FT. 16800
- Cap Rate:
- LOT SQ. FT. 40162
- Year Built: 1988
- CBA #: 672724
Listed By: Kidder Mathews
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.