Downtown Spokane Commercial Office Space for Rent

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Downtown Spokane

Renting Commercial Office Space in Downtown Spokane

The heart of the city is currently facing a difficult "valuation reset" as office vacancy rates climbed to roughly 28% in late 2025. This has led to millions of dollars in lost assessed value for landmark assets like the Bank of America and Chase Bank buildings, as corporate tenants continue to re-evaluate their square footage needs. Despite these headwinds, the city is pivoting toward residential-led revitalization, with local reports suggesting downtown could support nearly 100,000 square feet of additional retail if the goal of adding 3,200 new market-rate housing units is met over the coming decade. (Source: The Spokesman-Review / Downtown Spokane Housing and Economic Report)

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Popular Properties in the Downtown Spokane Neighborhood

Class B Office Space For Lease

1,500 SF

$1,900 /mo

General

The OCH

1,298 – 15,454 SF

$2,700 – $33,500 /mo

General Storefront

E Sprague Ave

1,485 SF

$1,500 /mo

Storefront

Fully Renovated Cutter Tower

1,000 – 45,000 SF

$2,000 – $91,900 /mo

General Storefront

Holley Mason

2,305 – 18,863 SF

$3,100 – $25,200 /mo

General

Now Leasing

900 – 1,448 SF

$1,000 – $1,700 /mo

Storefront

Unique Restaurant Opportunity

4,148 SF

- /mo

Restaurant

W Riverside Ave

1,000 – 9,415 SF

$1,800 – $17,300 /mo

General

E Sprague Ave

3,000 – 18,416 SF

$2,600 – $14,700 /mo

General Warehouse

Riverwalk Plaza

2,215 SF

$3,500 /mo

W Main Ave

7,756 SF

$10,000 /mo

Storefront

W 6th Ave

200 – 5,200 SF

$500 – $5,800 /mo

General

E Springfield Ave

6,798 SF

$7,400 /mo

General

Banner Bank on Riverside

2,296 – 10,989 SF

$4,200 – $20,100 /mo

General

N Atlantic St

56,000 SF

- /mo

Suite Rates in Downtown Spokane

Suite Sizes in Downtown Spokane

Neighborhood Comparison

Neighborhood	Average Available SQFT	Average Rate / SQFT PER Month	NUMBER OF AVAILABLE SUITES
Downtown Spokane	2,000	$1.57 / SF	144
Fairwood	2,400	$2.09 / SF	37
Kendall Yards	1,900	$1.53 / SF	278
Liberty Lake	6,000	$1.05 / SF	< 30
Northtown Spokane	1,700	$1.46 / SF	< 30
Spokane Valley	1,800	$1.20 / SF	80
The University District	1,900	$1.43 / SF	223
Town and Country Spokane	1,900	$1.95 / SF	43
Veradale	2,400	$1.41 / SF	38
West Plains	2,100	$1.50 / SF	177

*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.