Commercial Real Estate Market in Liberty Lake, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
63 active listings and 177 off-market properties in Liberty Lake, WA. Commercial property asks $35/SF to buy and $13.48/SF/Yr to lease.
Market Trends
Liberty Lake, WA spans 46.9 square miles in Spokane County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Liberty Lake, WA asks $145/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in Liberty Lake, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Liberty Lake, WA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Liberty Lake, WA asks $196/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Liberty Lake, WA has 31,309 residents in 13,206 households. Density runs 668 people per square mile. Median household income here is $99,380 and median gross rent $1,746 a month.
31,309
Population
13,206
Households
2.4
Avg Household Size
39
Median Age
42%
College-Educated
96%
High-School Grad
46.9 sq mi
ZIP Area
668
Density / Sq Mi
$99,380
Median Household Income
$60,382
Median Earnings
$1,746
Median Rent
$494,239
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spokane Valley | — | $18.84 |
| Newman Lake | — | — |
Commercial property in Liberty Lake, WA asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Liberty Lake?
Commercial property in Liberty Lake, WA asks an average of $35 per square foot. The 6 most recent recorded sales traded at a median of $397/SF. Multifamily carries the highest asking price at $196/SF.
How much does it cost to lease commercial space in Liberty Lake?
Asking lease rates in Liberty Lake, WA average $13.48 per square foot per year.
Where does Realmo's Liberty Lake market data come from?
Realmo compiles Liberty Lake, WA figures from 6 recent recorded sales, 44 active sale listings, 19 active lease listings, 177 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 19 active for-lease listings in Liberty Lake, WA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
