Spokane Valley, WA Commercial Real Estate for Lease and Sale

Explore 114 listings of Spokane Valley commercial real estate to find the best space for your business.

107 N Park Rd

107 N Park Rd, Felts, Spokane, WA
Property

Industrial

7,600 SF
Availability

1 Space

7,600 SF
Year Built

1978
For Lease

$5,000.00/MO
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25 N Mullan Road

25 N Mullan Road, Mission Park, Spokane Valley, WA
Property

VacantLand

3.55 Acre
For Sale

$4,325,384
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Trent & Argonne Plaza

8901 E Trent Ave, Millwood, Spokane Valley, WA
Property

Retail

29,014 SF
Availability

3 Spaces

6,477 SF
Year Built

1995
For Lease Contact for pricing
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10 N Sullivan Rd

10 N Sullivan Rd, Central Valley, Spokane Valley, WA
Property

Retail

20,200 SF
Availability

1 Space

3,524 SF
For Lease

$30.00/SF/YR
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12308 E Broadway Avenue

12308 E Broadway Ave, Blake, Spokane Valley, WA
Property

Office

5,456 SF
Availability

1 Space

2,314 SF
For Lease

$2,100.00/MO
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Selkirk Industrial Park

18404 Garland Avenue, Greenacres, Spokane Valley, WA
Property

Industrial

165,499 SF
Availability

2 Spaces

135,000 SF
Year Built

2020
For Lease Contact for pricing
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4414 Barker Rd

4414 Barker Rd, Greenacres, Spokane Valley, WA
Property

Industrial

142,200 SF
Availability

1 Space

17,500 SF
Year Built

2022
For Lease

$9.00/SF/YR
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1015 N Yardley

1015 N Yardley, Felts, Spokane Valley, WA
Property

Industrial

20,465 SF
Availability

2 Spaces

9,072 SF
Year Built

1920
For Lease

$0.65/SF/MO
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107 N Park Rd

107 N Park Rd, Felts, Spokane Valley, WA
Property

VacantLand

18,000 SF
Availability

1 Space

18,000 SF
For Lease

$0.10/SF/MO
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10221 E Montgomery Dr.

10221 E Montgomery Dr., Montgomery, Spokane Valley, WA
Property

Industrial

9,940 SF
Availability

1 Space

2,784 SF
Year Built

1996
For Lease

$2,774.40/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.
- Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Spokane Valley commercial real estate market incorporates 570,112 square feet of office space across 31 buildings.
  
  Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
- Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Spokane Valley commercial real estate market includes 740,027 square feet of retail space in a variety of settings.
- Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Spokane Valley market, there is a total of 1,654,644 square feet of industrial property.
The listing inventory in Spokane Valley incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Spokane Valley is represented by Industrial space, which accounts for 653,926 square feet of available listings. Retail space available in Spokane Valley adds up to 624,182 square feet.

Meanwhile, most of the listings of commercial property for sale in Spokane Valley are in the Retail category.
The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.
The average rent for commercial real estate space listed for lease in Spokane Valley is $12.81 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Spokane Valley can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.
Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Spokane Valley, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Spokane Valley is in the Montgomery neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Mission Park area.

Meanwhile, retail space opportunities are most abundant in the Centennial submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Montgomery.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.
Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $18.09 per square foot. In particular, the property type commanding the highest lease rates in Spokane Valley was Retail space.
The average size of a commercial property in Spokane Valley depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:
- In Spokane Valley, the average size of an office property is 21,116 square feet.
- Retail properties here incorporate an average of 29,602 square feet.
- Industrial space in Spokane Valley is in buildings that are, on average 48,666 square feet in size.

Spokane Valley, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Spokane Valley currently add up to 1,806,082 square feet. The market offers 27 active office listing(s), which amount to 189,907 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 439,591 square feet across 19 retail space(s). Industrial space for rent opportunities in Spokane Valley amount to 655,126 square feet across a total of 32 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	27	189,907
Retail	19	439,591
Industrial	32	655,126
Other	10	521,458

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Spokane Valley, WA. Currently, there is 500,863 square feet of commercial property for sale here , which includes 5 office building(s) for sale , 7 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	5	66,524
Retail	7	58,978
Industrial	6	207,023
Other	13	168,338

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Spokane Valley, WA Commercial Real Estate for Lease and Sale

107 N Park Rd

25 N Mullan Road

Trent & Argonne Plaza

10 N Sullivan Rd

12308 E Broadway Avenue

Selkirk Industrial Park

4414 Barker Rd

1015 N Yardley

107 N Park Rd

10221 E Montgomery Dr.

Frequently Asked Questions

Spokane Valley, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Spokane Valley, WA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Spokane Valley, WA?

What factors affect the price of commercial real estate in Spokane Valley, WA?

What is the average rent for commercial space in Spokane Valley, WA?

What are the best areas for commercial real estate in Spokane Valley, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Spokane Valley, WA?

Spokane Valley, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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