Spokane, Washington Commercial Real Estate 2 Listings

Spokane, Washington: A Premier Destination for Commercial Real Estate

Introduction

Spokane, Washington, is emerging as a dynamic hub for commercial real estate (CRE), offering a strategic location, diverse economy, and robust infrastructure. With a population of over 220,000, Spokane is the second-largest city in Washington State, presenting a unique blend of urban amenities and natural beauty. The city's economy is bolstered by a variety of industry clusters, including healthcare, education, and manufacturing, making it an attractive destination for investors and developers. Spokane's CRE market benefits from its strategic positioning as a gateway to both the Pacific Northwest and Inland Northwest regions.

Economic and Industry Overview

Spokane's economy is characterized by its strong healthcare and education sectors, with major institutions like Providence Health & Services and Gonzaga University driving demand for office and medical properties. The city's manufacturing and logistics industries also contribute significantly to its economic fabric, supporting the demand for industrial and flex spaces. The Greater Spokane Incorporated, an economic development organization, actively promotes regional growth initiatives, enhancing the area's appeal for commercial real estate investments.

Strategic Location and Transportation Infrastructure

Spokane's strategic location offers excellent connectivity via major highways such as Interstate 90, facilitating east-west transportation across the state. The Spokane International Airport provides critical air links, supporting both passenger travel and freight services. Additionally, the city benefits from access to rail lines operated by BNSF Railway, enhancing its logistics capabilities. Spokane's position as a regional hub provides significant advantages for distribution, labor pool access, and proximity to both U.S. and Canadian markets. For more information, visit the Spokane Department of Transportation.

Commercial Real Estate Inventory & Zoning

Spokane's CRE landscape is diverse, with notable submarkets including the Central Business District (CBD), which hosts a mix of office, retail, and mixed-use developments. The city's industrial corridors are concentrated in areas like the West Plains, offering ample opportunities for logistics and manufacturing facilities. Recent zoning changes and incentives, such as those in the West Plains/Airport Area Public Development Authority, are designed to attract new developments. For zoning maps and parcel information, visit the City of Spokane's Zoning Map.

Major Employers and Institutions

Spokane boasts a robust roster of major employers, including Providence Health & Services, Avista Utilities, and the U.S. Air Force Fairchild Air Force Base. These institutions drive significant demand for various CRE asset classes. The presence of Gonzaga University and Eastern Washington University further supports the local economy and real estate market. For a comprehensive list of top employers, visit the Greater Spokane Incorporated Business Directory.

Notable Commercial Developments & Projects

Spokane is home to several large-scale developments, such as the Kendall Yards mixed-use community and the University District, which fosters innovation and collaboration between businesses and academic institutions. The city's Opportunity Zones provide attractive incentives for investors seeking to capitalize on tax benefits while contributing to community revitalization. For more information on development projects, explore the Spokane Planning Department.

Building Permits, Planning, and Development Tools

Spokane offers a range of resources for developers, including:

Market Data & Economic Reports

Spokane's market data and economic reports are accessible through public datasets provided by Census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analytics. Explore Brevitas-powered dashboards for Spokane here.

Why Use Brevitas for Spokane, Washington CRE?

Brevitas offers a cutting-edge platform for discovering Spokane's CRE opportunities, featuring AI-driven discovery tools, real-time market alerts, and collaborative dealroom capabilities. Our platform enhances property visibility through auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers. Gain access to exclusive listings and premium exposure with Brevitas, your trusted partner for Spokane, Washington commercial real estate.