Commercial Real Estate Market in Spanaway, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
41 active listings and 394 off-market properties in Spanaway, WA. Commercial property asks $186/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Spanaway, WA spans 26.6 square miles in Pierce County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Spanaway, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Spanaway, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Spanaway, 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 vacancy in Spanaway, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Spanaway, WA has 51,630 residents in 17,151 households. Density runs 1,940 people per square mile. Median household income here is $101,141 and median gross rent $1,837 a month.
51,630
Population
17,151
Households
3
Avg Household Size
35
Median Age
17%
College-Educated
91%
High-School Grad
26.6 sq mi
ZIP Area
1,940
Density / Sq Mi
$101,141
Median Household Income
$54,167
Median Earnings
$1,837
Median Rent
$424,100
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Spanaway?
Commercial property in Spanaway, WA asks an average of $186 per square foot. The 4 most recent recorded sales traded at a median of $249/SF.
How much does it cost to lease commercial space in Spanaway?
Asking lease rates in Spanaway, WA average $20.00 per square foot per year.
Where does Realmo's Spanaway market data come from?
Realmo compiles Spanaway, WA figures from 6 recent recorded sales, 30 active sale listings, 11 active lease listings, 394 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 30 active for-sale and 11 active for-lease listings in Spanaway, 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
