For Sale
Spokane Valley, WA
Commercial Real Estate Market Trends & Data
$268
Avg asking sale price
$16
Avg asking lease rate
14,872 SF
Avg unit lease size
34,104 SF
Avg building size for sale
6.64%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Spokane Valley | $189 | 23,939 SF | 8.65% |
| Spokane | $182 | 13,444 SF | 10.22% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Spokane Valley | $146 | 19,122 SF | 7.83% |
| Millwood | $254 | 12,792 SF | 6.06% |
| Spokane | $203 | 15,382 SF | 8.07% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Spokane Valley | $227 | 67,090 SF |
| Veradale | $174 | 174,820 SF |
| Millwood | $227 | 10,039 SF |
| Spokane | $205 | 42,577 SF |
| Liberty Lake | $241 | 8,760 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Spokane Valley | $284 | 23,500 SF | 7.25% |
| Spokane | $220 | 14,171 SF | 7.79% |
Commercial Properties For Sale in Spokane Valley
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $268 | 34,104 SF |
| Veradale | $317 | 83,545 SF |
| Millwood | $241 | 7,525 SF |
| Greenacres | $498 | 18,009 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% |
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.
Nearby Market Trends
