
Devin Meacham
Devin Mecham, CCIM, is Vice President and Commercial Sales Manager at NAI Black, a Spokane-based commercial real estate brokerage.
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Sep 22, 2026
Devin Meacham of NAI Black on the Office Slump, the Building Boom, and the Long Game
8:22
9:18
66:49
66:53

Devin MeachamGUEST
So you can go down the rabbit hole with... with retail anywhere from a shopping center to a single tenant net lease investments like somebody owns a jack in the box or something like that or a standalone target or whatever it might be both big and small or you get the small street retail like the mom and pop type stuff that you see a lot of the local businesses in um so that'd be the kind of the retail or even ground leases is another one that you'll see you'll you'll see the uh like big nationals like a like i said a qsr fast food would they'll lease the dirt and then they'll build their building and sign a 25-year lease on it and they're just paying they'll pay the owner an eight and a half percent return on the on the land value over the course of 25 years and then at the end of the lease the owner then has a building property you know so Office, you get medical office, you get general office, you get lab space, you get some specialty stuff, not a lot.

Devin MeachamGUEST
Flex space, industrial, you get anything from the big massive distribution stuff like you see out in the West Plains or Post Falls, or the industrial park, all the way down to like a self-storage units and the little flex bays, like 1500 foot spots that the contractors will go into a little office and bathroom.
57 MINS LATER

Keith RiddleHOST
So partnerships in themselves, I think you just have to have the right aptitude for them.

Devin MeachamGUEST
Well, and then also looking at what else can you bring to the table? If I've got a hundred grand and I can swing a hammer, you know, and maybe flipping a house is the best start.