Spokane Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Spokane is $21.58 per square foot, 0.50% higher compared to the previous year.
  • The market’s vacancy rate stands at 20.30%, higher than the state average of Washington, which is 19.08%.
  • Renting Class A/A+ office space here costs $26.14 per square foot, while Class B averages $19.35 and Class C stands at $13.23.

2025 Office Space Rent & Sales

  • $21.58 2025 Avg. Asking Rent
  • 0.50% Y-o-Y Avg. Asking Rent Change
  • 20.30% 2025 Office Vacancy Rate
  • $20.7M2025 Total Office Sales
  • $77.95Avg. Sale Price/SF

What is the average asking rent price for office space in Spokane?

Average asking rents for office space here stand at $21.58 per square foot. The local office market recorded an average vacancy rate of 20.30% in 2025, unchanged from 20.30% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $20.7M across 3 sales. These transactions commanded an average sale price per square foot of $77.95.

Spokane, WA Office Asking Rents by Class

What is the average office rent per square foot by property class in Spokane?

  • Avg. Asking Rent Class A & A+$26.14
  • Avg. Asking Rent Class B$19.35
  • Avg. Asking Rent Class C$13.23

The average asking rent for Class A and A+ office space stood at $26.14 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Spokane averaged $19.35 per square foot, while the average for Class C space was $13.23 per square foot.

What is the average office rent per square foot by property class in WA?

  • Avg. Asking Rent Class A & A+$41.77
  • Avg. Asking Rent Class B$29.03
  • Avg. Asking Rent Class C$21.15

For comparison, the average rent for Class A and A+ office space in Washington was $41.77 per square foot. The state-wide average for Class B space was $29.03 per square foot, and Class C office spaces averaged $21.15 per square foot.

Spokane, WA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Spokane was Northeast at 11.86%. Meanwhile, the highest office vacancy rate in the market was 38.90%, recorded in Outlying Spokane County.
Submarket Asking Rents Vacancy Rates
Spokane CBD $21.82 23.75%
Northeast $21.19 11.86%
Spokane Valley $20.76 15.53%
Northwest $19.53 14.29%
Outlying Spokane County $19.40 38.90%
Data provided by Yardi Research

Explore Top Office Markets in Washington

2025 Office Sales Volume

  • $77.952025 Avg. Price per SF
  • -45.74%Y-o-Y Avg. PpSF Change
  • $20.7M2025 Office Sales Volume
  • 32025 Number of Transactions

What is the average sale price per square foot for office space in Spokane?

Average sale prices for office space in this market recorded a -45.74% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $77.95 per square foot. For comparison, the statewide Washington average during the same time period stood at $211.80 per square foot, while the national average was $182.48 per square foot.

Spokane, WA Sale Price per SF Trend

  • Spokane Avg. Sale Price per SF in 2025$77.95
  • Washington Avg. Sale Price per SF in 2025$211.80

What was the total office sales volume in Spokane in 2025?

The local office market recorded 3 deals in 2025, adding up to a yearly sales volume of $20.7M.

  • Spokane, WA Total Office Sales Volume in 2025 $20.7M
  • Spokane, WA Total Number of Office Sales Closed in 2025 3
Data provided by Yardi Research

Office Construction in Spokane, WA

What are the largest recent office completions in Spokane?

The largest recent office completion here is Catalyst Building at 159,000 square feet, completed in 2020. The next largest completions are Northpointe Office Building and 2910-3022 East 57th Avenue.

Office building Address SF Completed
1803 W 5th Ave 1803 W 5th Ave, 99201 2,382 2021
Catalyst Building 601 East Riverside Avenue, 99202 159,000 2020
The Morris Center 12 North Sheridan Street, 99202 40,000 2020
Grand Corner Professional Building 3707 S Grand Blvd, 99203 9,775 2010
5 Mile Retail 1628 W Francis, 99205 4,337 2008
Providence Holy Family Hospital - Central Medical Office Building 212 East Central Avenue, 99208 60,800 2007
Airport Office Center 5709 West Sunset Hwy, 99224 40,980 2002
Northpointe Professional Center - 9425 North Nevada Street 9425 North Nevada Street, 99218 31,430 2001
Northpointe Office Building 605 East Holland Avenue, 99218 105,414 2000
2910-3022 East 57th Avenue 2910 East 57th Avenue, 99223 91,833 2000
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.