TITLE: “2006 SPRING SPOKANE COUNTY RENT SURVEY DATA”

DATE: 16 November 2006

Date                Market Vacancy        Rent Rate       Rent/NRSF
Mar-06                     4.2%                    $571                $0.691
Dec-05                     5.4%                    $574                $0.699
Sep-05                     4.1%                    $571                $0.678
Jun-05                      3.5%                    $575                $0.675
Mar-05                     5.6%                    $565                $0.667
Mar-04                     6.7%                    $541                $0.661

Rents have continued a steady climb in Spokane County as the average vacancy rate has declined to 4.2%.  Generally, older buildings (<1970) weighed in at an average of .626 net rent/sq. ft. VS. newer projects (>1990) which achieved an average rate of .721 net rent/sq. ft.  Valley locations maintained the lead in the local market with an average over-all rate of .722 net rent/sq. ft.

Resources:

“The Real Estate Report”, regional research on Spokane and Kootenai Counties, and Washington Center for Real Estate Research.