Spokane Housing and Economic Report - 2015
2/1/16
In 2015, the Downtown Spokane Partnership, the Parking and Business Improvement District, and the University District Development Association engaged Applied Development Economics, Inc., to prepare a city-wide residential market analysis and economic report. Findings from the study include:
•The City is skewing both older and younger and housing trends will cater to both retiree and university student needs
•The growing student population will drive new and more unique retail, entertainment and dining alternatives for all
•Local household income growth will bring more shoppers downtown and cement Spokane’s role as the regional retail hub
•Re-used and re-adapted buildings will be popular; look for mixed-use renovation projects with ground floor shops and upper floor living
•The partnership strengths among WSU’s new medical school, other local universities with health science programs, area hospitals, and existing Spokane life sciences companies, will be a major economic driver in the area resulting in new jobs, spurring wage growth and improving the overall quality of life for Spokane residents
Please let us know if you have any questions or feedback on the study. We welcome your interest and input.