Salem, MA Commercial Real Estate for Lease - 15 Listings

LocalWorks Salem
LocalWorks
88b Lafayette Street, Salem, MA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Parking

Window view
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120 Washington Street
Workbar
120 Washington Street, Salem, MA
Services

Virtual Office

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

Mother’s room

Privacy booths
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218 Highland Ave

218 Highland Ave, Salem, MA
Property

Industrial

45,000 SF
Availability

1 Space

45,000 SF
For Lease Contact for pricing
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2 Margin ST

2 Margin ST , Salem, MA
Property

Office

1,260 SF
Availability

1 Space

1,260 SF
For Lease Contact for pricing
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Staples Center

17 Paradise Ave, Salem, MA
Property

Retail

48,587 SF
Availability

1 Space

4,745 SF
For Lease Contact for pricing
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16 Proctor Street

16 Proctor Street, Salem, MA
Property

Industrial

69,166 SF
Availability

1 Space

6,400 SF
Year Built

1900
For Lease

$13.00/SF/YR
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Witch City Mall

Witch City Mall, Salem, MA
Property

Retail

124,278 SF
Availability

1 Space

20,432 SF
Year Built

1977
For Lease Contact for pricing
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LocalWorks Marblehead
LocalWorks
40 Tioga Way, Marblehead, MA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed internet

Natural light

Parking

Window view
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1 Spring Street
Work Loft
1 Spring Street, Marblehead, MA
Services

Meeting Room

Private Office

Dedicated Desk
Amenities

Catering

Complimentary coffee & tea

Free water

High-speed wifi

Printer

Privacy booths

Receptionist/Secretarial services

Snacks

TV/Monitor

Videoconferencing
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58 Pulaski Street
WorkTank
58 Pulaski Street Building C, Peabody, MA
Services

Open Workspace

Meeting Room

Private Office
Amenities

High-speed wifi

Kitchen

Printer
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1 Technology Drive, Peabody - Last Mile - Dry 7 Frozen Distribution Facility

1 Technology Dr, Peabody, MA
Property

Industrial
Availability

1 Space

42,710 SF
For Lease Contact for pricing
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New Retail Development

152 Endicott St, Danvers, MA
Property

Retail

21,580 SF
Availability

1 Space

15,000 SF
For Lease Contact for pricing
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LocalWorks Beverly
LocalWorks
100 Cummings Center #109 D, Beverly, MA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Free water

High-speed wifi

Kitchen

Office furniture

Parking
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614 Washington Street
Inc.ubate Coworking
614 Washington Street 2nd Floor, Lynn, MA
Services

Open Workspace

Event Space

Meeting Room
Amenities

High-speed wifi

Mail services

Printer

White boards
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100 Cummings Center
Cummings Executive Suites
100 Cummings Center, Beverly, MA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Catering

Complimentary coffee & tea

High-speed wifi

Kitchen

Parking

Printer

Receptionist/Secretarial services
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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 1,260 square feet of office space across 1 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 172,865 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 114,166 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 51,400 square feet of available listings. Retail space available in Salem adds up to 25,177 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.

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.

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 $16 per square foot.

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 1,260 square feet.
Retail properties here incorporate an average of 86,433 square feet.
Industrial space in Salem is in buildings that are, on average 57,083 square feet in size.

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Salem currently add up to 77,837 square feet. The market offers 1 active office listing(s), which amount to 1,260 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 25,177 square feet across 2 retail space(s). Industrial space for rent opportunities in Salem amount to 51,400 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	1,260
Retail	2	25,177
Industrial	2	51,400

Salem, MA Commercial Real Estate for Lease - 15 Listings

LocalWorks Salem

120 Washington Street

218 Highland Ave

2 Margin ST

Staples Center

16 Proctor Street

Witch City Mall

LocalWorks Marblehead

1 Spring Street

58 Pulaski Street

1 Technology Drive, Peabody - Last Mile - Dry 7 Frozen Distribution Facility

New Retail Development

LocalWorks Beverly

614 Washington Street

100 Cummings Center

Frequently Asked Questions

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

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Salem, MA Commercial Real Estate for Lease - 15 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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, MA?

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

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Popular Industrial Searches

About us