There is approximately 40M SF of industrial buildings in the greater Spokane market. Current lease rates range from $0.40/SF to $0.50/SF for distribution and manufacturing buildings.

Large Regional Industrial Parks in Spokane

The largest regional industrial park is the Spokane Business and Industrial Park, commonly referred to as The Park, is located off I-90 and State Route 290. The Park is one of the largest industrial parks in the county with over 4.5M SF of industrial space housing over 120 companies. They also have available land for build to suit with over 600 acres of developable land. The Park is so massive that they have separated it out into 4 different regions. The Spokane Industrial Park, The Spokane Business Park, Crown Centre, and the North Park Expansion. The Park also has access to rail service from UP and BNSF.

The Spokane Business and Industrial Park isn’t the only regional option for industrial space. There are several other large industrial parks with available space. The Playfair Commerce Park is a newer industrial park in Spokane located in East Spokane. Located in the City of Cheney is the Cheney Industrial and Commerce Park. This park is a partially publicly owned business park with the City of Cheney owning 60% and the remaining ownership held by a local manufacturer. The Central Business Park located in Spokane Valley and the Deer Park Business and Industrial Center located in North Spokane are a couple other significant industrial parks located within the Spokane MSA.

Types of Industrial Spaces in Spokane

There is a diverse inventory of industrial properties available in Spokane. Whether you are looking for R&D tech space, a distribution center, industrial showroom, or manufacturing building, Spokane Washington has opportunity for your business to grow. This is tremendous news for growing industrial businesses. Many of the industrial properties have undergone renovation to bring about a new life and charm to the area which attracts interest. With the increasing rate of demand for industrial spaces, the developments in the area are expanding at a good rate.

What is Currently Happening in the Industrial Leasing Market?

The industrial growth is booming with the ongoing redevelopment of the former Itron Campus along with the building of a new warehouse and a dealership for equipment. In the current market scenario, larger companies are constantly looking for a campus type of environment which comes with additional amenities for all kinds of services for their employees. If you have a large company that is growing, Spokane can offer you the ability to consolidate all your operations in a single facility.
Where can you find the best Industrial Spaces for Lease in Spokane?

Our brokers with North Sound Commercial can help you locate the best fit space for your business and advise you throughout the process. If you are interested in any industrial spaces in the city of Spokane, Washington give us a call and grow your business into a success with a well-equipped, serviced, and popular industrial space in the arms of this developing city.