Wednesday, February 5, 2020

Work progressing on the new Euclid Logistics Center in Spokane Valley

Industrial real estate is a hot commodity in the Spokane area. So much so that he recently released 2020 Winter Market Review & Outlook from local brokerage Kiemle & Hagood identified a low 2.0% vacancy rate among industrial properties in the Inland Northwest.

Business want to come to Spokane, and projects like the new Euclid Logistics Center which is now under construction in Spokane Valley are making sure they have the room to do business when they get here.



The Euclid Logistics Center is being built adjacent to the Spokane Business & Industrial Park of off Euclid Rd. Currently what is being built will be a 120,000 square foot concrete tilt style building. However the center is planned to be a much larger project. Once complete, plans call for four buildings with approximately 500,000 square feet of available space.

We reached out to inquire about what businesses might open in the new facility, but it is still too premature to release that information. However we will keep an eye on this project to see what comes and just how many new jobs this may mean for our area.

Space is available for lease now, with marketing being done by Crown West Realty, who is also the building owner and same company that leases space in the Spokane Business & Industrial Park itself. Space is shown as available at 0.65 per square foot NNN with completion in the coming months. More information can be obtained on http://crownwest.com or by calling Dean Stuart with Crown West at 509-924-1720