What is the price for renting office space at Capitol Center?

The average rate for office space here is $4,244.50/MO, with rates starting at $560.00/MO.

What type of office space is available to lease at Capitol Center?

The property includes 5 Office spaces located on 4 floors. Availabilities total 5,313 square feet of office space. The property offers Multi-Tenant commercial space.

Is Capitol Center suitable for a small business?

Yes, availabilities here may be suitable for small businesses with 5 office spaces under 5,000 square feet available. Space sizes here start at 252 square feet.

Does Capitol Center have parking?

Yes, the property offers 199 parking spaces with a parking ratio of 4.32 / 1,000 SF.

388 State Street, Salem, OR 97301

For Lease $560.00 - $7,929.00/MO
Property Type Office - General Office
Property Size 46,206 SF
Lot Size 0.24 Acre
Parking Spaces Avail. 199
Parking Ratio 4.32 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1927
Date Updated Oct 23, 2026

Description

Capitol Center is a 46,206-square-foot Class B office building situated on a 0.24-acre lot at 388 State Street. Originally built in 1927, the property offers the convenience of 199 parking spaces with a parking ratio of 4.32 spaces per 1,000 square feet. Designed to accommodate a range of office uses, this general office building provides a practical setup for tenants seeking a centrally located workspace in Salem.

Set in the heart of Central Salem, Capitol Center benefits from proximity to a variety of nearby amenities. Dining options are abundant, with Wild Pear, Ritter's, and Precious Pizza all within approximately 0.1 miles. The Grand Hotel and Holman Riverfront Park Hotel are just steps away, offering convenient accommodations for visiting clients or employees. Nearby public parking facilities, including Liberty Square Parkade and Chemeketa Parkade, are within walking distance. The property's central location also ensures access to transportation hubs, shopping, and educational institutions, making it an advantageous choice for businesses.

5 Spaces Available

#420

Space Type

General Office

Lease Rate

$1,695.00/MO

Total Space

713 SF

Floor

Divisible Space

713 - 713 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

Turnkey

Nice larger, three-suite office space. Suitable for professional

office group

#470

Space Type

General Office

Lease Rate

$1,430.00/MO

Total Space

530 SF

Floor

Divisible Space

530 - 530 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

Turnkey

Nice larger, three-suite office space. Suitable for professional

office group

#810

Space Type

General Office

Lease Rate

$560.00/MO

Total Space

252 SF

Floor

Divisible Space

252 - 496 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

Turnkey

Nice, larger single office space with. Suitable for 1-2 people. Can be

combined with suite 820 to make a double office suite.

#975

Space Type

General Office

Lease Rate

$2,605.00/MO

Total Space

1,175 SF

Floor

Divisible Space

1,175 - 1,175 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

Turnkey

Nice larger, multiple-suite office space. Suitable for larger professional office group.

11th Floor

Space Type

General Office

Lease Rate

$7,929.00/MO

Total Space

2,643 SF

Floor

Divisible Space

2,643 - 2,643 SF

Available Date

Immediate

Lease Type

Full Service

Renewal Option

Yes

Sublease

Turnkey

Warm and inviting penthouse suite – the highest level of any building in Salem. Nice blend of private offices, conference space and common areas including an oversized breakroom/kitchen area with tons of natural light. New carpet and private restrooms. This is a must-see space.