Commercial Real Estate Vacancy Rates for Spokane

Urban decay #3

As of September 12, 2010:

  • Office space vacancy rate: 17.62%
  • Industrial/Flex vacancy rate: 20.18%
  • Retail vacancy rate: 23.24% – Market Statistics – All Regions.

It is apparently not my imagination that parts of Spokane, and especially Spokane Valley, resemble a cross between a ghost town and urban decay.

Yesterday I drove past a vacant fast food (formerly Taco Bell) restaurant. The entire lot is covered with 2 foot deep weeds. I’ll try to grab a picture on another day. (Photo, above, was not taken in Spokane.)


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