Commercial Real Estate Market in Spokane Valley, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
236 active listings and 2,159 off-market properties in Spokane Valley, WA. Commercial property asks $101/SF to buy and $18.84/SF/Yr to lease.
Market Trends
Spokane Valley, WA spans 128.3 square miles in Spokane County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Spokane Valley, 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 Spokane Valley, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Spokane Valley, 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 Spokane Valley, 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
Spokane Valley, WA has 165,053 residents in 71,717 households. Density runs 1,286 people per square mile. Median household income here is $79,354 and median gross rent $1,278 a month.
165,053
Population
71,717
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
95%
High-School Grad
128.3 sq mi
ZIP Area
1,286
Density / Sq Mi
$79,354
Median Household Income
$46,052
Median Earnings
$1,278
Median Rent
$389,416
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Liberty Lake | — | $13.48 |
| Newman Lake | — | — |
| Millwood | — | — |
Commercial property in Spokane Valley, WA asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spokane Valley?
Commercial property in Spokane Valley, WA asks an average of $101 per square foot. The 6 most recent recorded sales traded at a median of $202/SF. Multifamily carries the highest asking price at $196/SF.
How much does it cost to lease commercial space in Spokane Valley?
Asking lease rates in Spokane Valley, WA average $18.84 per square foot per year.
Where does Realmo's Spokane Valley market data come from?
Realmo compiles Spokane Valley, WA figures from 7 recent recorded sales, 137 active sale listings, 99 active lease listings, 2,159 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 137 active for-sale and 99 active for-lease listings in Spokane Valley, 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
