ACTIV8 Real Estate

08/13/2026

Spokane retail vacancy tightened to 5.3% in Q2 2026, and asking rents rose 1.0% to $16.79 per square foot.

New construction remains limited, with about 49,000 square feet underway across the entire metro. That's a fraction of the ten-year pace, so space that has come back to market this year has very little new competition as it re-leases.

Spokane Valley remains the tightest part of the market at just 2.7% vacancy.

Full report: https://www.activ8re.com/spokane-retail-market-report-q2-2026/

Data: CoStar | ACTIV8 Real Estate, LLC

08/10/2026

If you've ever walked through Riverstone and thought "my business would do well here," this one's worth a look.

±3,189 SF at The Village at Riverstone just came available — $22.00/SF NNN, ready October 1.

It's turnkey, which is the best part. Open showroom, soaring ceilings, glass storefront, workshop and storage in back, rear loading door, and signage opportunities. Minimal build-out for most uses, so you can get open without a long, expensive runway.

You'd be surrounded by 40+ neighbors, four hotels, and the year-round events that keep the center busy — concerts, farmers markets, the whole thing.

Take a look at the photos and video: https://www.activ8re.com/village-at-riverstone-retail/

Happy to show it to you, or to send details along to anyone you think should see it.

08/05/2026

Spokane's commercial real estate market at midyear: not booming, not breaking. Holding.

My Q2 2026 column for the Spokane Journal of Business is out, and the headline number isn't vacancy — it's the pipeline.

A few things worth your attention:

• Multifamily — vacancy above 8%, asking rents around $1,395 and essentially flat. But concessions are doing real work underneath: I've seen three months free in competitive lease-ups. Units under construction are at their lowest level since 2021.

• Industrial — 6.1% vacancy across 56.8M SF, still better than the 7.5% national rate. Only 402,000 SF under construction, down from a 2.2M SF peak in 2021.

• Retail — the quiet outperformer. 5.3% vacancy in Spokane, and roughly 13,000 SF delivered marketwide over the past year, the lowest on record. Coeur d'Alene retail is functionally full at about 1%.

Two things I'm watching in the back half: the supply cliff, and the refinancing calendar. Loans written in 2020–2021 are maturing into a very different market, and how owners resolve them will determine how much product actually comes to market.

This market rewards preparation over prediction.

Full article: https://www.spokanejournal.com/articles/18481-spokane-commercial-real-estate-at-midyear-holding-steady
Full Q2 market reports by sector: activ8re.com/market-reports

05/28/2026

Every so often a listing comes across my desk that's genuinely fun to share — and this is one of them. 🏌️

Golf Island at The Village at Riverstone in Coeur d'Alene is on the market, and it's about as turnkey as opportunities get.

Someone could step right in and keep it running from day one.

Here's what's already in place:
→ 5,811 SF of built-out entertainment space in one of CdA's best retail corridors
→ 5 state-of-the-art golf simulator bays, fully equipped and operational
→ A bar and kitchen, ready to go
→ An established customer base in a high-traffic, mixed-use destination
→ Flexible structure — take it over as an operating business, or lease the space and make it your own
And at $100K for the operating business — equipment and buildout included — the math is hard to ignore for the right operator. (The 5,811 SF space is available as a separate lease.)

No buildout costs, no ramp-up time. The hard work is done — it just needs the right operator.
If you've ever daydreamed about owning a venue like this, or you know someone who'd be a great fit, take a look at the walkthrough and let's talk.

📹 Video tour + full details: activ8re.com/golf

📞 Eric Peterson, CCIM — 509-903-9077

04/28/2026

Coeur d’Alene industrial rents just dropped for the first time in over a decade.

Sounds negative. It’s not.

After 10 years of steady growth, rents finally hit an affordability ceiling. But underneath:

✓ Sales volume up 25.7% YoY
✓ New national capital entering the market
✓ Cap rates at 8.6%
✓ Very limited new construction

That’s not a weak market.

That’s a market where pricing is adjusting while capital is moving in.

And that’s where opportunity tends to show up first.

If you want to see how this is playing out across submarkets, recent deals, and where the market is heading next:

👉 https://www.activ8re.com/coeur-dalene-industrial-market-report-q1-2026/

ACTIV8 Real Estate
Liberty Lake, WA

Coeur d'Alene industrial vacancy at 6.4% in Q1 2026 — but rents declined 0.7%. Why national capital is arriving and how to read the signal. From ACTIV8.

04/28/2026

Spokane’s office market is splitting in two and where you sit matters.

🏥 Suburban Spokane is tight
South Hill vacancy is 2.6%, with the Valley at 7.4% and West Plains at 5.8%.
If you own here, you’re likely competing for fewer tenants and holding pricing power.

🏙️ Downtown is a different story
C*D vacancy is 11.3%, and we’re starting to see a shift.
RenCorp’s acquisition of 111 N Wall Street at $22/SF signals that distressed Class B/C product is beginning to attract repositioning capital.

That creates two very different strategies:
• Hold and push rents in tight submarkets
• Reposition or recapitalize in softer ones

If you own or are targeting Spokane office, this difference will drive your outcome.

Read the full report with 8 submarkets, comps, cap rates, and 2026 outlook:
👉 https://www.activ8re.com/spokane-office-market-report-q1-2026/

ACTIV8 Real Estate
Liberty Lake, WA

The Spokane office market sits at 7.6% vacancy in Q1 2026 — but suburbs run tight while C*D struggles at 11.3%. Submarket data and cap rates from ACTIV8.

04/27/2026

Spokane retail vacancy hit 5.4% in Q1 2026. The headline is misleading.
Three things drove that number — and none of them say what they appear to say about local demand:
1️⃣ A 146,000 SF Burlington Coat Factory got converted to self-storage. Burlington didn't leave Spokane — they relocated into a smaller space within the same shopping center. CoStar still counts the full square footage as negative absorption.
2️⃣ National retailer bankruptcies — Rite Aid, JOANN, Big Lots — closed locations across the metro. Corporate restructuring at the national level, not a reflection of the Spokane consumer.
3️⃣ Strip out those one-time events and the underlying market looks very different.
What's actually happening:
▸ Spokane Valley sits at 3.2% vacancy — one of the tightest retail submarkets in the Pacific Northwest
▸ South Hill posted +86,000 SF of positive absorption over the trailing 12 months
▸ The construction pipeline is essentially empty: 27,468 SF under construction across the entire metro vs. a 130,000 SF historical norm
▸ $114M in sales volume across 131 transactions — private capital is active and functional
Cap rates held at 7.4% through a full cycle of interest rate volatility. The Raising Cane's at 9252 N Newport Highway traded at $1,293/SF — among the highest price-per-foot retail transactions ever recorded in Spokane.
The setup for 2026: institutional buyers are sidelined waiting on Fed cuts. Private capital dominates deal flow, especially in the $1M–$5M range. When the Burlington and bankruptcy closures roll off the trailing data in H2 2026, headline vacancy will re-measure materially lower — potentially 4.5%–5.0%.
Full Q1 2026 Spokane retail report — submarket breakdown, transaction record, capital markets analysis, and 2026 outlook 👇
https://www.activ8re.com/spokane-retail-market-report-q1-2026/

The Q1 2026 Spokane retail market report from ACTIV8 Real Estate — submarket breakdown, cap rate analysis, and the 2026 outlook for private investors.

04/15/2026

𝗦𝗽𝗼𝗸𝗮𝗻𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 — 𝗤𝟭 𝟮𝟬𝟮𝟲 𝗨𝗽𝗱𝗮𝘁𝗲

Just published our Q1 2026 Spokane Industrial Market Report, and the numbers tell a pretty interesting story.

The fundamentals are strong — 5.8% vacancy vs. a national availability rate of 9.6%, and the market just turned in its first year of positive net absorption (448,094 SF) after two consecutive years in the red. New deliveries? Just 92,000 SF. Supply is basically asleep.

So why is the transaction market frozen?

It comes down to a pricing standoff. Buyers need 8%+ cap rates to make the math work at today's interest rates. Many sellers are still anchored to 2021–2022 pricing when cap rates were 5–6%. The result: $102.3M in trailing sales volume — roughly $28M below the five-year average.

Here's what I find compelling about the setup heading into late 2026:

* 8.2% market cap rate — 110 bps above the national avg
* Vacancy peaked and is declining
* ~$146B in CMBS loan maturities nationally forcing sellers to the table
* Rent recovery forecast: flat in 2026 → ~1.9% in 2027 → 3.4–3.7% by 2028–2030

The assets acquired at today's pricing will likely look well-timed in hindsight.
Full report (with submarket breakdown, recent transaction comps, and the 5-year forecast) is linked below:

https://www.activ8re.com/spokane-industrial-market-report-q1-2026/

Questions on a specific property or submarket? Happy to talk — 509-903-9077.

Spokane industrial vacancy hits 5.8% with 448K SF absorbed in Q1 2026. Full submarket data, cap rates & transaction comps from ACTIV8 Real Estate.

04/01/2026

Good take on why better design, not just cheaper materials, might be the key to more affordable housing....

By Myles Brown It’s no secret that building affordable housing comes at a premium. In the Northeast, where I work, and across the country, development costs for affordable units typically…

03/18/2026

Golf simulators. Bar. Kitchen. 5,811 SF in the heart of Riverstone.
Fully operational entertainment venue in Coeur d'Alene — and it's available. Whether you're looking to buy the business or lease the space, this one is turnkey and ready to go. $100k
👉 activ8re.com/golf
📞 509-903-9077