Salem, OR Commercial Real Estate for Lease and Sale

Explore 173 listings of Salem commercial real estate for lease and for sale to find the best space for your business.

5422 River Rd N

5422 River Rd N, Keizer, OR
Property

Retail
Availability

3 Spaces

8,540 SF
Year Built

1986
For Lease Contact for pricing
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Kuebler Gateway

2521 Boone Road SE, South Gateway, Salem, OR
Property

Office

38,512 SF
Availability

1 Space

3,551 SF
Year Built

2014
For Lease Contact for pricing
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Anthony's Corner @ Wiltsey

5775 Commercial St SE, South Gateway, Salem, OR
Property

Retail

84,480 SF
Availability

5 Spaces

10,540 SF
Year Built

2023
For Lease

$28.00 - $42.00/SF/YR
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First Pacific Corporation Building

5121 Skyline Village Loop S, Sunnyslope, Salem, OR
Property

Office

62,916 SF
Year Built

2002
For Sale

$7,600,000
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West Salem Industrial Warehouse

298 Patterson Ave NW, West Salem, Salem, OR
Property

Industrial

198,000 SF
Availability

8 Spaces

133,440 SF
Year Built

1940
For Lease

$0.39/SF/MO
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Keizer Village - NEW REDUCED PRICING!

3830-3860 River Rd N, Keizer, OR
Property

Retail

79,426 SF
Availability

1 Space

1,003 SF
Year Built

1962
For Lease

$1.83/SF/MO
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4405 Turner Road SE

4405 Turner Road SE, Southeast Mill Creek, Salem, OR
Property

Industrial

193,758 SF
Availability

1 Space

193,758 SF
Year Built

2024
For Lease Contact for pricing
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High Visibility Office Building

735 Commercial St SE, Central Salem, Salem, OR
Property

Office

3,589 SF
Year Built

1960
For Sale

$925,000
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Capitol Center

388 State Street, Central Salem, Salem, OR
Property

Office

46,206 SF
Availability

4 Spaces

12,092 SF
Year Built

1927
For Lease

$17.22 - $27.75/SF/YR
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3700 & 3772 Portland Road NE

3700 Portland Road NE, Northgate, Salem, OR
Property

Office

45,827 SF
Availability

1 Space

3,200 SF
Year Built

1960
For Lease

$18.00/SF/YR
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Orchard Heights Land Development

3186 Orchard Heights Rd NW, West Salem, Salem, OR
Property

VacantLand
For Sale

$34,842,500
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25th Street Industrial Park

25th Street SE & Electric Street SE, Southeast Mill Creek, Salem, OR
Property

Industrial

87,500 SF
Year Built

2024
For Sale

Call for pricing
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4405 Turner Road SE

4405 Turner Road SE, Southeast Mill Creek, Salem, OR
Property

Industrial

193,758 SF
Year Built

2024
For Sale

Call For Pricing
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2561 Pringle Rd SE

2561 Pringle Rd SE, Morningside, Salem, OR
Property

Industrial

14,702 SF
Availability

1 Space

14,702 SF
Year Built

1975
For Lease

$0.55/SF/MO
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3130 Portland Rd NE

3130 Portland Rd NE, Northgate, Salem, OR
Property

Industrial
Year Built

1995
For Sale

$1,900,000
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The Micah Building

680 State Street, Central Salem, Salem, OR
Property

Office

34,000 SF
Availability

1 Space

1,728 SF
Year Built

1929
For Lease

$1.75/SF/MO
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Office Building

1184 McGee Ct NE, Keizer, OR
Property

Office

7,330 SF
For Sale

$1,896,000
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Security Building

161 High St Se , Central Salem, Salem, OR
Property

Retail

34,744 SF
Availability

3 Spaces

978 SF
Year Built

1924
For Lease

$1.40 - $27.96/SF/YR
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810 Commercial St SE

810 Commercial St SE, South Central Salem, Salem, OR
Property

Retail

7,712 SF
Availability

8 Spaces

3,527 SF
For Lease

$33.00 - $36.00/SF/YR
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The Oregon Building

494 State Street, Central Salem, Salem, OR
Property

Office

43,280 SF
Availability

11 Spaces

9,479 SF
Year Built

1912
For Lease

$1.68 - $2.06/SF/MO
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Capitol City Business Center

4600 25th Avenue NE, Northgate, Salem, OR
Property

Office

233,358 SF
Availability

2 Spaces

31,848 SF
Year Built

1957
For Lease

$21.00/SF/YR
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2850 Broadway St NE

2850 Broadway St NE, Higland, Salem, OR
Property

Office

106,601 SF
Availability

4 Spaces

96,628 SF
For Lease

$1.80 - $1.90/SF/MO
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Standalone Retail Building W/ Drive Thru

2710 Commercial St SE, South Central Salem, Salem, OR
Property

Retail

3,612 SF
Availability

1 Space

3,612 SF
For Lease Contact for pricing
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3405 Commercial St SE Ste 130

3405 Commercial St SE Ste 130, Faye Wright, Salem, OR
Property

Retail

9,000 SF
Availability

1 Space

1,200 SF
Year Built

1994
For Lease

$1.83/SF/MO
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3993 Fairview Industrial Drive SE

3993 Fairview Industrial Drive SE, Morningside, Salem, OR
Property

Office

21,800 SF
Availability

1 Space

21,800 SF
Year Built

2007
For Lease

$1.25/SF/MO
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4494 River Rd N

4494 River Rd N, Keizer, OR
Property

Office
Availability

7 Spaces

8,405 SF
For Lease

$275.00 - $4,500.00/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Salem commercial real estate market incorporates 1,085,285 square feet of office space across 52 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Salem commercial real estate market includes 1,565,958 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Salem market, there is a total of 3,909,993 square feet of industrial property.

The listing inventory in Salem incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Salem is represented by Industrial space, which accounts for 2,894,338 square feet of available listings. Retail space available in Salem adds up to 720,525 square feet.

Meanwhile, most of the listings of commercial property for sale in Salem are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Salem is $21.11 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Salem can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $22.61 per square foot, industrial space in Salem saw average rents of $8.83 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Salem, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Salem is in the Central Salem neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Central Salem area.

Meanwhile, retail space opportunities are most abundant in the Central Salem submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Northgate.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $34 per square foot. In particular, the property type commanding the highest lease rates in Salem was Retail space.

Conversely, the highest sale price last year was $7,540,000 that is located at 3414 Cherry Avenue NE.

The average size of a commercial property in Salem depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Salem, the average size of an office property is 32,888 square feet.
Retail properties here incorporate an average of 38,195 square feet.
Industrial space in Salem is in buildings that are, on average 88,864 square feet in size.

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Salem currently add up to 5,500,554 square feet. The market offers 40 active office listing(s), which amount to 307,758 square feet and account for 29% of commercial spaces on the market. Local retail availability includes 720,525 square feet across 53 retail space(s). Industrial space for rent opportunities in Salem amount to 2,894,338 square feet across a total of 37 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	40	307,758
Retail	53	720,525
Industrial	37	2,894,338
Other	4	1,577,933

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Salem, OR. Currently, there is 2,118,696 square feet of commercial property for sale here , which includes 14 office building(s) for sale , 8 retail investment opportunity listing(s) , and 10 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	14	213,713
Retail	8	187,394
Industrial	10	1,420,731
Other	15	296,857

Salem, OR Commercial Real Estate for Lease and Sale

5422 River Rd N

Kuebler Gateway

Anthony's Corner @ Wiltsey

First Pacific Corporation Building

West Salem Industrial Warehouse

Keizer Village - NEW REDUCED PRICING!

4405 Turner Road SE

High Visibility Office Building

Capitol Center

3700 & 3772 Portland Road NE

Orchard Heights Land Development

25th Street Industrial Park

4405 Turner Road SE

2561 Pringle Rd SE

3130 Portland Rd NE

The Micah Building

Office Building

Security Building

810 Commercial St SE

The Oregon Building

Capitol City Business Center

2850 Broadway St NE

Standalone Retail Building W/ Drive Thru

3405 Commercial St SE Ste 130

3993 Fairview Industrial Drive SE

4494 River Rd N

Frequently Asked Questions

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Salem, OR Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Salem, OR?

What factors affect the price of commercial real estate in Salem, OR?

What is the average rent for commercial space in Salem, OR?

What are the best areas for commercial real estate in Salem, OR?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Salem, OR?

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us