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.
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10 Post St Spokane, WA 99201 – Peyton Building
Status: Available
Price: $12,900,000
Available Sq. Ft.
Lot Sq. Ft.15212
Building Sq. Ft.117636
Year Built: 1913
Cap Rate: 6.12
CBA#: 631062
Listed By Kiemle Hagood
0 Technology Blvd Spokane, WA 99224 – Pacific NW Tech Park – All Land Lots
Status: Available
Price: $9,532,398
Available Sq. Ft.
Lot Sq. Ft.1437045
Building Sq. Ft.
Year Built:
Cap Rate:
CBA#: 589836
Listed By Windermere Real Estate Manito
8803 Electric Ave Spokane, WA 99224 – High Tower Business Park
Status: New
Price: $9,350,000
Available Sq. Ft.
Lot Sq. Ft.2337865
Building Sq. Ft.
Year Built:
Cap Rate:
CBA#: 636133
Listed By Berkshire Hathaway First Look
16009 Indiana Ave Spokane Valley, WA 99216 – Vivacity Care Center (Premera Blue Cross)
Status: Pending
Price: $7,922,330
Available Sq. Ft.
Lot Sq. Ft.67518
Building Sq. Ft.12000
Year Built: 2020
Cap Rate: 5.15
CBA#: 633482
Listed By Marcus & Millichap, Inc.
6002 Mayfair Spokane, WA 99208 – Logan Building
Status: Pending
Price: $6,959,777
Available Sq. Ft.
Lot Sq. Ft.37461
Building Sq. Ft.13722
Year Built: 1995
Cap Rate: 7.17
CBA#: 630668
Listed By Daines Capital
0 Deer Heights Rd Spokane, WA 99224 – Deer Heights Road – All Land Lots
Status: Available
Price: $6,588,667
Available Sq. Ft.
Lot Sq. Ft.1347310
Building Sq. Ft.0
Year Built: 2017
Cap Rate:
CBA#: 589834
Listed By Windermere Real Estate Manito
811 Iron Bridge Way Spokane, WA 99202 – Iron Bridge Office Campus
Status: New
Price: $6,383,725
Available Sq. Ft.
Lot Sq. Ft.255349
Building Sq. Ft.
Year Built:
Cap Rate:
CBA#: 636437
Listed By Kiemle Hagood
1221 Howard St Spokane, WA 99201 – Spokane Arena Shopping Center
Status: Available
Price: $5,500,000
Available Sq. Ft.
Lot Sq. Ft.135889
Building Sq. Ft.40061
Year Built: 1969
Cap Rate: 7.65
CBA#: 626710
Listed By Black Commercial, Inc.
1425 Washington St Spokane, WA 99201 – 1425 N Washington Street
Status: Available
Price: $5,000,000
Available Sq. Ft.
Lot Sq. Ft.70500
Building Sq. Ft.32980
Year Built: 1979
Cap Rate:
CBA#: 630744
Listed By Black Commercial, Inc.
1520 3rd Ave Spokane, WA 99201 – Imprezzio Building
Status: Available
Price: $4,995,000
Available Sq. Ft.
Lot Sq. Ft.76500
Building Sq. Ft.30898
Year Built: 1976
Cap Rate:
CBA#: 623511
Listed By Kiemle Hagood
Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. DBA North Sound Commercial and should be verified by the buyer.
Spokane WA
Listing SearchSpokane 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.