Note: This is being re-printed from a newsletter written by SVN Cornerstone's Omar Sadaoui, CCIM. Huge thank you to Omar for giving his permission to re-run this here and to discuss local commercial real estate sales / leasing options please reach out to him at omar.sadaoui@svn.com
Welcome to our first “Beneath The Crane” report for Spokane, WA.
As an Industrial Specialist at SVN Cornerstone, I actively track over 56 million SF of Industrial real estate in Spokane, WA and the surrounding market. This report aims to provide relevant information and updates regarding industrial developments that are currently under construction and being delivered.
Today’s report features the West Plains Sub-Market, which remains the most active area in Spokane for new construction and new deliveries. In 2024, deliveries exceeded 810,000 SF of logistics space, and currently 440,866 SF is under construction. This development is contributing to higher vacancy rates as new projects are being delivered. |
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Address: 3520 S Geiger Rd, Spokane, WA 99224 Total Building: 187,277 SF Lot Size: 19.98 Acres Building Height: 45-foot Warehouse: 144,027 SF Office: 22,500 (Two-Story) Enclosed Loading and Storage Areas: 31,980 SF Contractor: Divcon Inc. About: King Beverage completed a Sale Leaseback of its 90,000 SF facility in Spokane Valley earlier this year, while construction was being completed. Status: Under Construction/Owner User |
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Address: 5807 W Thorpe Rd, Spokane, WA 99224 Total Building: 20,750 SF Lot Size: 2.04 Acres Building Height: 25-foot Spaces: Two buildings and 6 spaces ranging from 2,500-4,875 SF. Contiguous options for each building of 9,750 and 11,000 SF. Side yards fenced and graveled. 250 SF office/restroom. Developer: 4X Thorpe Rd LLC About: This small-bay business park has great access to I-90 and fills a gap in the market for smaller spaces where supply has been constrained by the cost of construction. The development is speculative and currently pre-leasing with a target completion date of January 2025. Status: For Lease/Build to Suit |
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Address: 11603 W McFarlane Rd, Spokane, WA 99224 Total Building: 202,800 SF Loading: Dock-high and Grade-level (Cross-Dock) Ceiling Height: 30-foot with ESFR sprinklers Developer: AT Industrial Contractor: Divcon Inc. About: Speculative Class A logistics park, McFarlane III is the third phase in a multi-tenant industrial development. The project is nearing completion and will be ready for occupancy Q4 2024. Status: Under Construction/For Lease |
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4. Blue Beacon Truck Wash |
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Address: 10414 W Geiger Blvd, Spokane, WA 99224 (I-90, Exit 272) Total Building: 10,639 SF Lot Size: 3.13 Acres Contractor: Walker Construction About: The new Blue Beacon Truck Wash location near the Amazon GEG1 fulfillment center on the West Plains is underway. The Blue Beacon Truck Wash company began in Kansas in 1973 and today has over 110 locations nationwide and growing. Like all Blue Beacon Truck Wash facilities, the Spokane location will be open 24 hours/day, providing two bays with truck washing, RV washing, motorcoach washing and exterior horse trailer washing services. Status: Under Construction/Owner User |
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Address: 1615 Willow St, Cheney, WA 99004 Total Building: 19,400 SF Lot Size: 2.59 Acres Warehouse: 14,000 SF Office/Showroom: 5,400 SF Building Height: 33-Foot Contractor: Baker Construction About: HYDAC provides fluid power solutions to OEM’s, manufacturers and end users of various heavy duty mobile and industrial equipment. Founded in Saarland, Germany in 1963, HYDAC now has 50 international subsidiaries, roughly 500 sales and service partners, 14 product lines, and around 10,000 employees worldwide. Status: Under Construction/Owner User |
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