A 14,600-square-foot professional office building is being planned in Spokane Valley, where market demand for health care buildings is strong despite the current higher costs of construction.
In the 20 months since the YMCA of the Inland Northwest purchased 15 acres of vacant land in Spokane's Moran Prairie neighborhood to develop a new facility, the project's scope and costs have expanded.
Spokane County's multifamily market is shifting from one extreme of being underbuilt to one of oversaturation with more new units on the market in 2024 contributing to higher vacancy rates than last year.