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Inland Empire One of Fastest Growing Small Metro Areas Nationwide

SPOKANE, WA-Ranked number of the MizMiner Business Vitality Review for overall economic growth in 2000, Spokane's good fortune is spurring commercial real estate here from office to industrial, in the central business district to outlying areas.

By Janet Parker | Updated on March 19, 2001

SPOKANE, WA-Spokane’s overall economic growth puts it among the top ten small metropolitan areas in the U.S., according to a recent report by the Brandow Co., a Camp Hill, PA-based company that has tracked the relocation and job migration patters of more than 5.2 million private sector firms since the beginning of 1997.

The company’s BizMiner Business Vitality Review ranks geographic areas based on the net number of local firms and jobs gained during the study period. Mark Turner, president of the Spokane Area Economic Development says that Spokane’s feat is even more pronounced by the fact that this city does not have the benefit of “spillover growth” from a major metropolitan area such as top ranked Tacoma, Wash. and Vallejo, Calif. “We have to begin from scratch,” says Turner.

The growth in Spokane is evident in the real estate numbers as well. The last several months, office vacancies in the downtown core have tightened to their smallest numbers in many years, while rents are on the rise. March Pinch of Tomlinson & Black says occupancy in Class A CBD space is nearly 97%.

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