Commercial Real Estate Market in Spokane, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,040 active listings and 6,256 off-market properties in Spokane, WA. Commercial property asks $16/SF to buy and $18.43/SF/Yr to lease.
Market Trends
Spokane, WA spans 336.8 square miles in Spokane County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Spokane, 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, 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, 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, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 69.3%
- Industrial 23.4%
- Commercial 5.6%
- Mixed use 1.2%
- Civic 0.5%
Largest Zones share of zoned land by district
Residential Single Family
Light Industrial
General Commercial
Residential Multifamily
Heavy Industrial
Spokane, WA zones 44,507 acres across 23 districts. Commercial zoning covers 5.6% of zoned land, residential 69.3% and industrial 23.4%. The largest single district is Residential Single Family at 60.4%. For commercial buyers the practical constraint is that only 29% of land carries a commercial or industrial designation.
Residential Single Family (RSF)
This Zone is indented to Promote Single Family Uses.
Market overview
Demographics & Economy
Spokane, WA has 385,114 residents in 167,963 households. Density runs 1,144 people per square mile. Median household income here is $72,835 and median gross rent $1,197 a month.
385,114
Population
167,963
Households
2.3
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
336.8 sq mi
ZIP Area
1,144
Density / Sq Mi
$72,835
Median Household Income
$42,823
Median Earnings
$1,197
Median Rent
$355,646
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millwood | — | — |
| Airway Heights | — | — |
| Mead | — | — |
Commercial property in Spokane, WA asks $16/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spokane?
Commercial property in Spokane, WA asks an average of $16 per square foot. The 6 most recent recorded sales traded at a median of $153/SF. Multifamily carries the highest asking price at $196/SF.
How much does it cost to lease commercial space in Spokane?
Asking lease rates in Spokane, WA average $18.43 per square foot per year.
What zoning applies to commercial property in Spokane?
Spokane, WA zones 44,507 acres across 23 districts, of which 5.6% is commercial and 23.4% industrial. The largest single district is Residential Single Family at 60.4% of zoned land. This Zone is indented to Promote Single Family Uses. Residential zoning covers 69.3% and open space 0%.
Where does Realmo's Spokane market data come from?
Realmo compiles Spokane, WA figures from 7 recent recorded sales, 721 active sale listings, 319 active lease listings, 6,256 tracked off-market properties, the current Spokane zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 721 active for-sale and 319 active for-lease listings in Spokane, 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.
- Zoning and land use
- The current municipal zoning release: 44,507 zoned acres across 23 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
