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412 Commercial Real Estate Listings in Salem, OR

Salem, OR Commercial Real Estate

There are currently 404 commercial listings available in Salem, OR. These listings include 270 commercial spaces that encompass a total of 1,907,029 square feet. Available commercial spaces in Salem, OR range in size from 1 square feet to 499,154 square feet. A total of 208 off-market commercial properties located in Salem, OR are also available for research.

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Salem, OR Commercial Inventory Breakdown

In 2022 the Salem, OR commercial real estate market totaled 3,158,454 square feet of office spaces, 4,172,003 square feet of office spaces with retail, and 10,362,469 square feet of industrial space.

Office Spaces

Total: 3,158,454 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,564,099 SqFt 49.52% of total office
100k to 500k SqFt 1,594,355 SqFt 50.48% of total office
By class:
Class A 1,054,174 SqFt 33.38% of total office
Class B 2,104,280 SqFt 66.62% of total office


Class A office space holds a 33.38% share of the overall Salem, OR office market, while Class B office assets make up approximately 66.62%.

Industrial

Total: 10,362,469 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 2,189,758 SqFt 21.13% of total industrial
100k to 500k SqFt 4,369,226 SqFt 42.16% of total industrial
500k to 1M SqFt 1,139,485 SqFt 11% of total industrial
> 1M SqFt 2,664,000 SqFt 25.71% of total industrial
By class:
Class A 2,704,861 SqFt 26.1% of total industrial
Class B 6,271,796 SqFt 60.52% of total industrial
Class C 269,812 SqFt 2.6% of total industrial
There are 4,369,226 square feet of commercial real estate properties between 100k to 500k square feet, representing 42.16% of the Salem, OR industrial inventory. Class A assets total 2,704,861 square feet of industrial space, with an additional 6,271,796 square feet of Class B and 269,812 square feet of Class C properties.

Office Spaces with Retail

Total: 4,172,003 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,793,320 SqFt 42.98% of total office with retail
100k to 500k SqFt 1,128,213 SqFt 27.04% of total office with retail
500k to 1M SqFt 1,250,470 SqFt 29.97% of total office with retail

Salem, OR Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Salem, OR Office 74 328,696
Salem, OR Retail 51 384,083
Salem, OR Industrial 37 1,142,981
Salem, OR Other 196 1,907,029
Ofice Icon

74

Office

Industrial Icon

37

Industrial

Retail Icon

51

Retail

Current local active listing encompass 3,762,789 square feet of commercial space for lease in Salem. There are 74 active office listings, which amount to 328,696 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 384,083 square feet across 51 listings. Current industrial offerings on the market amount to 1,142,981 square feet across a total of 37.

Employment in Salem, OR

Employed Population 79,021

Employed population - Industry % Distribution

Management, business, science, and arts occupations

35%

Sales and office occupations

23%

Service occupations

20%

Production, transportation, and material moving occupations

13%

Natural resources, construction, and maintenance occupations

9%

In 2020, roughly 35% of a total of 79,021 employed in Salem worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 20% in Service occupations.

Income per capita $27,429  Median household income $61,580

Household income

41%

Under $50k

32%

$50k - $100k

24%

$100k - $200k

3%

Over $200k

The median household income in Salem stands at $61,580, with per capita income at $27,429. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 3%. Approximately 41% of Salem households earn less than $50k per year.

Commuting in Salem, OR

Mean travel time to work 24 minutes

Means of transportation to work

78.30%

Driving alone

8.00%

Carpool

2.60%

Public transit

1.30%

Bicycle

2.70%

Walking

1.30%

Other

5.90%

Work at Home

*Universe: Workers 16 and over

Education in Salem, OR

High school grad or higher 88%

Bachelor's degree or higher 31%

Population by minimum level of education

12%

No degree

20%

High school

37%

Some College

19%

Bachelor's

12%

Post-grad

*Universe: Workers 25 and over

An estimated 88% of Salem residents aged 25 or over hold a high school degree or higher. Of those, 20% are high school graduates, 37% attended some college, 19% earned a bachelor's degree, with an additional 12% holding post-graduate degrees.

Salem, OR Demographics

As of 2020, Salem had a total population of 174,377, with a median age of 34.80 years. Roughly 66.70% of the total population was between the ages of 16 and 64 years old.