Commercial Real Estate in Spokane
Spokane serves as a major economic and cultural center for the region. Located close to the Washington-Idaho border, Spokane is the largest city between Seattle and Minneapolis in terms of population. The city and surrounding area have a diverse economy, serving as an important location for the healthcare, aerospace, manufacturing, and technology industries. Along with its role as an important economic hub, Spokane embraces the region’s unique culture, drawing businesses and residents alike. Spokane offers a range of opportunities and our team is uniquely positioned to help you navigate this market.
Why Choose Spokane?
Spokane offers a unique blend of economic growth, strategic location, and quality of life. The region’s affordability, coupled with a skilled workforce and a business-friendly environment, further enhances Spokane’s appeal. This combination of factors positions Spokane as an ideal market for business and personal needs.
Economy
Spokane’s economic activity is diverse with strengths in service industries, wholesale and retail trade, healthcare, and education. Industries like construction, mining, manufacturing, transportation, and communication have historically played major roles as well. Given the region’s expansive forests and large amount of the world’s white pine, the lumber industry also plays a significant role.
Strategic Location
Located between the Cascades and Rocky Mountains, along with its proximity to the borders of Idaho and Canada, Spokane is strategically positioned as a hub for healthcare, trade, and transportation. It makes sense why those industries are also main economic drivers. This location also makes Spokane a desirable place to live, both economically and socially.
Development Strategy
Spokane has a robust development strategy with goals of enhancing economic growth and social development. Investments in neighborhood planning, community development, and infrastructure are designed to increase business growth and quality of life, while targeted initiatives are designed to attract investment and facilitate further development. In collaboration with the community, Spokane looks to achieve more sustainable and consistent growth.
Spokane Demographic Information
Spokane has a population of just over 227,000 with a median age of 37-years old. There’s a median household income of $63,316 and median property value of $286,000, both of which have seen steady growth. Spokane on the whole has seen steady growth, both in population growth (9.2 percent over the past 10 years) and with employment rate. The top three employment sectors for Spokane residents are healthcare, retail trade, and education, while a large number of firms in life sciences, manufacturing, and logistics call Spokane home.
For more demographic information on Spokane, visit Data USA, City of Spokane, and Advantage Spokane.
Spokane Commercial Real Estate Listings
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Spokane Real Estate Team
