Discover why great cities and regions start downtown. Choosing downtown Spokane means recognizing the vibrant hub that drives economic growth, innovation, and entrepreneurship. Our downtown area connects residents, employees, and visitors, fostering a sense of community and promoting a distinct regional identity.
Since 2013, downtown Spokane has witnessed an impressive $1.27 billion in investment across the greater downtown area. This influx of funding has led to the development of new projects, housing options, hotels, and exciting amenities. Over a million square feet of commercial space has been revitalized, breathing new life into significant properties such as the iconic Wonder Building on the North Bank and the historic Spokesman Review Production Building on Monroe.
Our downtown is constantly evolving, offering a wide range of creative office spaces, retail shops, and diverse dining experiences. We even boast a flourishing distillery scene, adding to our ever-expanding portfolio of attractions. Furthermore, downtown Spokane has embraced residential growth, with over 3,000 new housing units introduced since 2013. Whether you seek grand projects or cozy living spaces, downtown provides exciting opportunities to call it home. One notable addition is the luxurious M on Main.
As our city attracts an increasing number of visitors, downtown Spokane has responded by creating 824 new hotel rooms. These accommodations cater to the growing demand and ensure that guests can fully explore our great city. We've celebrated notable milestones such as the opening of the Davenport Grand nearly a decade ago, and more recently, the transformation of Hotel Indigo and the Montvale Hotel renovation. These additions have significantly expanded our inventory, allowing visitors to immerse themselves in the ongoing transformation of our beloved Riverfront Park—the literal and figurative heart of our region.
With an assessed property value surpassing $1.4 billion, downtown Spokane remains the unrivaled epicenter of commerce, investment, innovation, and the driving force behind our regional economic health.
Join us in downtown Spokane and experience the undeniable energy that propels us forward. Together, let's shape a prosperous future for our city and region.2023 Economic Report Development Map