Downtown Spokane Market Overview
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"You have to have
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| Building |
Sq/ft |
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Railside Center |
35,000 |
| WSU Spokane Academic Center |
90,000 |
| Freeman Center |
60,000 |
| Wells Fargo Center |
175,000 |
| Bank of Whitman |
55,000 |
| Convention Center |
100,000 |
| America West Building |
50,000 |
| Legion Building |
60,000 |
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TOTAL Building Space |
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100-block outdoor wi-fi Completed |
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Virtual Possibility Fiber Network
Completed |
$7.0 Million |
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Fox Theater
Completed |
1,650 Seats |
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Knitting Factory Entertainment Complex
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1,500 Seats |
"Downtown Spokane named one of
America’s 50 cities that sizzle"
– America’s Restaurant News
Office
Approximately 47% of leasable office inventory in the Spokane metropolitan area is Downtown. Of this 2.4 million square feet of space, 52% is Class A, 37% is Class B and 11% is Class C. Fully serviced Class A space rents for $20.28 per square foot in late 2007 and is comparable to rates in suburban office areas. Class A vacancy rate is 13.82% as of Fall 2007 and over all vacancy rate stands at 13.11% as of late 2007. Spokane’s absorption is historically 75,000 to 100,000 square feet of Class A space per year.
Retail
Unique for a city of its size, Downtown Spokane has more than one million square feet of retail space in an attractive urban atmosphere that is unrivaled in the region. Nearly 50% of space is in comparison goods (apparel, general merchandise, home furnishings and appliances and miscellaneous goods.) Another 30% is filled by restaurants and drinking establishments. Specialty and niche retail, food and beverage, and entertainment are increasingly important in the downtown mix.
(Source: The Real Estate Report Spring 2004.)
Residential
Downtown’s estimated housing units total 2,200. From luxury condominiums to cool lofts, townhouses and apartments, there are almost 300 units of Downtown housing currently planned or under construction. Downtown is expected to continue to add 300 units each year for the next 10 years. Note: The 80-acre Summit Site development on the north side of the Spokane River will add an additional 1,000 market rate residential units over the next 10 years.
Latest News
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This week:
Cooking classes, St. Patrick's Day Parade & more!
Click here for a calendar of downtown events
The Downtown Library is now open Mondays, 10am-6pm
Downtown Snow Removal
Click here for
Info & Resources
Downtown Security Ambassadors are available for assistance
509.353.9111
Proud winners of a 2009 AGORA Award!
FAST FORWARD Spokane: Downtown Plan Update
View the adopted Plan Update here!
First Friday
Unlike any other Friday of the month
Site Information
Downtown Spokane Partnership
211 N. Wall St., Suite 300
Spokane, WA 99201
509.456.0580
© Copyright 2010 by Downtown Spokane Partnership
Database updated 3/11/2010
Designed by Phil Sandifur
