99219, Washington Commercial Real Estate 0 Listings

99219, Washington: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of Washington, the 99219 zip code presents a compelling opportunity for commercial real estate (CRE) investors and professionals. This area is characterized by a dynamic economy supported by diverse industry clusters and strategic geographic positioning, making it a hub for commercial development. The region's robust infrastructure, coupled with a growing demand for commercial spaces, positions 99219 as a prime destination for CRE investments.

Economic and Industry Overview

The economy of 99219, Washington, is driven by a mix of aerospace, technology, and logistics industries. These sectors create a steady demand for various property types, including office spaces, industrial facilities, and retail locations. The region benefits from economic development initiatives such as the Greater Spokane Inc., which fosters business growth and job creation in the area. These initiatives contribute to a vibrant CRE market, attracting investors and developers looking to capitalize on the economic potential of 99219.

Strategic Location and Transportation Infrastructure

99219 is strategically located with access to major transportation networks that enhance its appeal for commercial real estate. The area is served by essential highways, including Interstate 90, facilitating efficient transportation and logistics operations. Additionally, Spokane International Airport provides connectivity to national and international markets, while the proximity to rail lines ensures robust freight capabilities. These logistical advantages, combined with access to a skilled labor pool, make 99219 an ideal location for distribution centers and manufacturing facilities. For more information, visit the Washington State Department of Transportation.

Commercial Real Estate Inventory & Zoning

The 99219 area boasts diverse CRE submarkets, including a thriving Central Business District (CBD) and industrial corridors. Key asset classes encompass industrial properties, retail spaces, flexible workspaces, office complexes, and medical facilities. Recent zoning changes and incentives, such as tax abatements, further enhance the appeal for developers. Interested parties can explore the City of Spokane Zoning Map for detailed zoning information.

Major Employers and Institutions

The economic landscape of 99219 is bolstered by major employers and institutions, which drive significant demand for commercial real estate. Key players include aerospace giant Boeing, healthcare provider Providence Health & Services, and educational institutions like Gonzaga University. These organizations not only provide employment but also attract ancillary businesses, enhancing the demand for office spaces and commercial developments. For a detailed list of local businesses, visit the Spokane Business Directory.

Notable Commercial Developments & Projects

99219 is witnessing several large-scale development projects that are reshaping its commercial landscape. Mixed-use developments and innovation parks are prominent, offering investment opportunities in modern, multi-functional spaces. Notably, public-private partnerships and Opportunity Zones are facilitating these developments, attracting a mix of commercial and residential growth. For more details, check the Spokane Planning Department.

Building Permits, Planning, and Development Tools

Professionals looking to engage in development projects in 99219 can leverage a variety of resources and tools. Key links include:

These resources provide comprehensive information for navigating the city's permitting and planning processes.

Market Data & Economic Reports

Public data sets offer valuable insights into the commercial real estate market of 99219. Resources like Census.gov and Spokane's open data portal provide economic reports and demographic information. Brevitas leverages AI-powered aggregation to offer real-time data and insights, enabling users to explore Brevitas-powered dashboards for a comprehensive view of the region's CRE landscape.