The average rental rate for commercial space in Coeur d’Alene, Idaho is around $18 per square foot. For businesses looking to set up shop or expand in this thriving city, there are some great office spaces currently available for lease. With an average time on the market of about 45 days, now is a prime time to lock down a new commercial lease in Coeur d’Alene.
When searching for the right commercial real estate, it’s important to consider your business’s unique needs. Factors like total square footage, floor plan layout, parking availability, accessibility, and proximity to main roads/highways should all be taken into account. You’ll also want to examine extras like on-site amenities, included utilities, outdoor space, and technological capabilities.
The city of Coeur d’Alene offers commercial real estate options to suit a wide variety of business types and sizes. From small storefronts of 500-1,000 square feet to large office buildings with 10,000+ square feet, you can find a space to accommodate your company’s current needs as well as future growth. The key is touring a range of listings, asking landlords detailed questions, and determining must-have features versus nice-to-have add-ons.
Some of the most in-demand areas for commercial leasing in Coeur d’Alene are Downtown, Midtown, Riverstone, and Atlas. Downtown offers unmatched walkability and access to local amenities. Midtown provides proximity to highways and ample parking. Riverstone has new construction spaces with modern finishes. And Atlas appeals to medical and healthcare businesses with its closeness to Kootenai Health.
When viewing potential spaces, pay close attention to the condition of the HVAC, plumbing, electricity, windows, doors, floors, walls, and bathroom facilities. While some landlords offer tenant improvement allowances, any renovations or repairs needed on older properties will typically be the responsibility of the renter. Be sure to factor in these potential costs as you evaluate your options.
In addition to the base rent amount, keep in mind other financial considerations like CAM fees, insurance requirements, taxes, utilities, and your desired lease term length. Come prepared with detailed financial records and projections so you can negotiate the best possible deal. Many landlords are willing to provide incentives like a few months of free rent to secure a stable, long-term tenant.
Work directly with knowledgeable commercial real estate brokers and leasing agents in the Coeur d’Alene area. They can help you identify spaces that suit your specifications and provide insider advice to give you a competitive edge. Be upfront about your budget, timeline, and must-have features. The right broker will narrow down the listings and arrange tours of your top contenders.
Once you’ve selected your new commercial space in Coeur d’Alene, the leasing agent will prepare the paperwork and walk you through next steps. Carefully review the lease agreement before signing to ensure all negotiated terms, costs, and timelines are accurate. Build out and move-in timeframes can vary greatly depending on the condition of the space.
Renting commercial real estate is a big decision with long-term implications for your business. By taking the time to thoroughly research options, ask questions, and determine your must-haves versus nice-to-haves, you can find the perfect space to house your company’s future growth and success. Coeur d’Alene offers appealing options for commercial leasing with its business-friendly environment, engaged local community, and abundance of retail, dining, and recreational amenities. Now is the time to stake your claim and unlock the potential of your business in this thriving Idaho city.
