Spokane Valley, WA
Commercial Real Estate Market Trends & Data

$224 Avg asking sale price
$1,747 Avg asking lease rate
16,549 SF Avg unit lease size
35,157 SF Avg building size for sale
6.77% Average cap rate

Spokane Valley's Demographic Profile

Spokane Valley has 55,425 households and a median income of $67,970, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 139,513
# Households 55,425
Median age 40
Median household income $67,970
Avg household size 2.0
Renter-occupied housing units 20,808
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Spokane Valley, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Spokane Valley $172 23,524 SF 8.65%
Spokane $182 13,021 SF 10.22%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Spokane Valley $168 18,463 SF 7.83%
Millwood $254 12,792 SF 6.06%
Spokane $157 14,907 SF 8.07%
Nearby Retail Markets Avg Cost/SF Typical Size
Spokane Valley $230 76,287 SF
Veradale $179 228,759 SF
Millwood $227 10,039 SF
Spokane $189 42,153 SF
Liberty Lake $223 6,700 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Spokane Valley $290 24,678 SF 7.15%
Spokane $219 16,449 SF 7.79%
Cheney $240 14,116 SF 6.60%

Commercial Properties For Sale in Spokane Valley

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Redwood Plaza

Spokane Valley, WA 99206

  • 108,000 SF Office Building
  • 8.65% Cap Rate
  • $12,950,000
For Sale

3025 Mission ave

Spokane, WA 99202

  • 9,135 SF Retail Building
  • $1,100,000
For Sale

9717 E Sprague Ave

Spokane Valley, WA 99206

  • 6,198 SF Office Building
  • $975,000
For Sale

Curtis Rd Parcel

Cheney, WA 99004

  • 41.58 AC Lot
  • 1 Commercial Lot
  • $350,000
For Sale

11110 E Empire Ave

Spokane, WA 99206

  • 10,000 SF Industrial Building
  • $1,500,000
For Sale

24706 E Wellesley Ave

Otis Orchards, WA 99027

  • 5,364 SF Retail Building
  • $795,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Spokane Valley pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Spokane Valley $224 35,157 SF
Veradale $314 83,045 SF
Millwood $244 7,525 SF
Greenacres $503 18,009 SF
Spokane $199 23,310 SF

Regional Demographic Comparison

This comparison places Spokane Valley alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Spokane Valley or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Spokane Valley 139,513 55,425 40 $67,970 2 20,808 7%
Veradale 17,404 6,705 39 $70,659 3 2,715 7%
Millwood 1,907 778 42 $63,841 3 222 5%
Spokane 237,026 98,568 38 $59,684 2 44,171 6%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Spokane Valley, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Spokane Valley

View All Commercial Real Estate For Sale in Spokane Valley
Is Spokane Valley a good market for a first-time commercial real estate investor?

Spokane Valley offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Spokane Valley?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Spokane Valley. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Spokane Valley?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Spokane Valley. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Spokane Valley compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Spokane Valley. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Spokane Valley acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Spokane Valley, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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