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Office Hours

Wed., Sept. 7, 2011, 10:26 a.m.

Spokane’s postal service blues: anyone need a big downtown office space?

It's not much fun being the U.S. Postal Service.

The beleaguered agency is drowning in red ink. It's hamstrung by excessive labor costs bargained with its worker unions. The Postmaster General has told the feds that unless it gets huge influxes of cash, it won't be able to pay its bills.

So, by comparison, the problem it has in Spokane of having to unload an expensive lease on offices downtown is fairly minimal.

The story on Spokane's own issues ran in today's The USPS needs to move out of its downtown post office next year. But it's also paying a lot for vacant offices in the nearby downtown Crescent Court building, 707 W. Main.

Spokane commercial agency NAI Black is working on finding a new tenant to sublease the space, which comes to 24,100 square feet.  The USPS is willing to cut a great deal: it's paying $490,000 per year for those empty spaces, which formerly held the area's USPS district office. 

Someone willing to sublease could get a 33 percent discount, the flyer from NAI Black explains.

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Tom Sowa
Tom Sowa covers technology, retail and economic development and writes the Office Hours blog.