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304 Commercial Real Estate Listings in Salem, OR

  • Schoolhouse Corner - Salem
    4985 Battle Creek Rd SE , South Gateway, Salem, OR
    For Lease
    • $2.41/Sqft/Month
    Property
    • Office
    • 16,336 Sqft
    Availability
    • 1 Space
    • 247 Sqft
    Year Built
    • 1919
    View Details
  • University Station - Salem
    698 12th Street SE, Southeast Salem, Salem, OR
    For Lease
    • $1.75/Sqft/Month
    Property
    • Office
    • 30,488 Sqft
    Availability
    • 2 Spaces
    • 3,069 Sqft
    Year Built
    • 1997
    View Details
  • Class A Investment Office Building - Salem
    1220 20th Street SE, Southeast Salem, Salem, OR
    For Lease
    • $1.75/Sqft/Month
    Property
    • Office
    • 28,696 Sqft
    Availability
    • 1 Space
    • 1,650 Sqft
    Year Built
    • 2003
    View Details
  • Highly Visible Lancaster Office - Salem
    852 Lancaster Dr SE, Four Corners, Salem, OR
    For Lease
    • $1.5/Sqft/Month
    Property
    • Office
    • 9,170 Sqft
    Availability
    • 1 Space
    • 2,500 Sqft
    Year Built
    • 1978
    View Details
  • Office Building - Salem
    2767 22nd St SE, Southeast Salem, Salem, OR
    For Lease
    • $1.2/Sqft/Month
    Property
    • Office
    • 9,492 Sqft
    Availability
    • 1 Space
    • 9,492 Sqft
    View Details
  • Turnidge Corner - Salem
    5080 Commercial Street SE , South Gateway, Salem, OR
    For Lease
    • $26 - $28/Sqft/Year
    Property
    • Retail
    • 32,500 Sqft
    Availability
    • 2 Spaces
    • 6,073 Sqft
    Year Built
    • 2002
    View Details
  • Schoolhouse Corner - Salem
    4985 Battle Creek Rd SE , South Gateway, Salem, OR
    For Lease
    • $1.5/Sqft/Month
    Property
    • Retail
    • 16,336 Sqft
    Availability
    • 1 Space
    • 3,277 Sqft
    Year Built
    • 1919
    View Details
  • Creekside Corporate Center - Salem
    650-680 Hawthorne Ave SE, Southeast Salem, Salem, OR
    For Lease
    • $2.25/Sqft/Month
    Property
    • Office
    • 28,362 Sqft
    Availability
    • 4 Spaces
    • 24,910 Sqft
    Year Built
    • 2004
    View Details
  • Lancaster Retail Property - Salem
    399 Lancaster Drive NE, Four Corners, Salem, OR
    For Lease
    • $0.9/Sqft/Month
    Property
    • Retail
    • 18,540 Sqft
    Availability
    • 1 Space
    • 18,540 Sqft
    Year Built
    • 1999
    View Details
  • The Oregon Building - Salem
    494 State Street, Central Salem, Salem, OR
    For Lease
    • $1.53 - $2.02/Sqft/Month
    Property
    • Office
    • 43,280 Sqft
    Availability
    • 9 Spaces
    • 14,556 Sqft
    Year Built
    • 1912
    View Details
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  • Development Opportunity - Salem
    2355 Liberty St NE & Pine St NE, Higland, Salem, OR
    For Lease
    • $1.25/Sqft/Month
    Property
    • Other
    • 5,750 Sqft
    Availability
    • 1 Space
    • 5,750 Sqft
    View Details
  • Office Space - Salem
    643 Union St NE, Central Salem, Salem, OR
    For Lease
    • $1.44/Sqft/Month
    Property
    • Office
    • 9,815 Sqft
    Availability
    • 1 Space
    • 1,300 Sqft
    View Details
  • Rushing Salem Triangle - Salem
    2505 Liberty St NE, Higland, Salem, OR
    For Lease
    • $22 - $26/Sqft/Year
    Property
    • Retail
    • 8,210 Sqft
    Availability
    • 1 Space
    • 2,620 Sqft
    Year Built
    • 2005
    View Details
  • Anthony's Corner @ Wiltsey - Salem
    5775 Commercial St SE, South Gateway, Salem, OR
    For Lease
    • $28/Sqft/Year
    Property
    • Retail
    • 7,000 Sqft
    Availability
    • 1 Space
    • 5,000 Sqft
    View Details
  • Rushing Commercial Crossing - Salem
    4336-4340 Commercial St. SE , Morningside, Salem, OR
    For Lease
    • $36 - $38/Sqft/Year
    Property
    • Retail
    • 4,400 Sqft
    Availability
    • 1 Space
    • 2,792 Sqft
    View Details
  • Capitol Center - Salem
    388 State Street, Central Salem, Salem, OR
    For Lease
    • $23.4 - $24/Sqft/Year
    Property
    • Office
    • 46,206 Sqft
    Availability
    • 6 Spaces
    • 7,974 Sqft
    Year Built
    • 1927
    View Details
  • Kelly Greens Office Park - Building II & III - Salem
    4285 Commercial Street SE, Faye Wright, Salem, OR
    For Lease
    • $2/Sqft/Month
    Property
    • Office
    • 35,000 Sqft
    Availability
    • 2 Spaces
    • 8,857 Sqft
    Year Built
    • 1997
    View Details
  • 198 Commercial Street SE - Salem
    198 Commercial Street SE, Central Salem, Salem, OR
    For Lease
    • $22.2/Sqft/Year
    Property
    • Office
    • 39,408 Sqft
    Availability
    • 5 Spaces
    • 19,038 Sqft
    Year Built
    • 1956
    View Details
  • The Security Building - Salem
    161 High Street SE, Central Salem, Salem, OR
    For Lease
    • $15.99 - $20.35/Sqft/Year
    Property
    • Office
    • 34,744 Sqft
    Availability
    • 6 Spaces
    • 1,333 Sqft
    Year Built
    • 1955
    View Details
  • Spinnaker Place - Salem
    2601 25th Street SE, Southeast Salem, Salem, OR
    For Lease
    • $22.8/Sqft/Year
    Property
    • Office
    • 69,000 Sqft
    Availability
    • 2 Spaces
    • 8,359 Sqft
    Year Built
    • 1999
    View Details
  • The Equitable Center - Salem
    530 Center Street NE, Central Salem, Salem, OR
    For Lease
    • $23.4/Sqft/Year
    Property
    • Office
    • 140,000 Sqft
    Availability
    • 3 Spaces
    • 6,469 Sqft
    Year Built
    • 1976
    View Details
  • Kelly Greens Office Park - Building I - Salem
    4263 Commercial Street SE, Faye Wright, Salem, OR
    For Lease
    • $1.95/Sqft/Month
    Property
    • Office
    • 26,177 Sqft
    Availability
    • 1 Space
    • 5,922 Sqft
    Year Built
    • 1970
    View Details
  • 3260 State Street - Salem
    3260 State Street, Southeast Salem, Salem, OR
    For Lease
    • $2.25/Sqft/Month
    Property
    • Office
    • 58,267 Sqft
    Availability
    • 1 Space
    • 1,731 Sqft
    Year Built
    • 2005
    View Details
  • Office W/ Yard - Salem
    1834 Beach Ave NE, Northgate, Salem, OR
    For Lease
    • $1/Sqft/Month
    Property
    • Office
    • 25,154 Sqft
    Availability
    • 1 Space
    • 1,470 Sqft
    View Details
  • Northgate Center - Salem
    3850 Portland Road NE, Northgate, Salem, OR
    For Lease
    • $1.25/Sqft/Month
    Property
    • Office
    • 26,813 Sqft
    Availability
    • 3 Spaces
    • 7,695 Sqft
    Year Built
    • 1971
    View Details
  • 2850 Broadway Street NE - Salem
    2850 Broadway Street NE, Higland, Salem, OR
    For Lease
    • $1.85 - $1.9/Sqft/Month
    Property
    • Office
    • 106,601 Sqft
    Availability
    • 3 Spaces
    • 76,896 Sqft
    Year Built
    • 1994
    View Details

Salem, OR Commercial Real Estate

There are currently 304 commercial listings available in Salem, OR. These listings include 325 commercial spaces that encompass a total of 2,166,125 square feet. Available commercial spaces in Salem, OR range in size from 1 square feet to 499,154 square feet. A total of 109 off-market commercial properties located in Salem, OR are also available for research.

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Salem, OR Commercial Inventory Breakdown

In 2021 the Salem, OR commercial real estate market totaled 3,039,044 square feet of office spaces, 82,342 square feet of office spaces with retail, and 8,139,279 square feet of industrial space.

Office Spaces

Total: 3,039,044 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,444,689 SqFt 47.54% of total office
100k to 500k SqFt 1,594,355 SqFt 52.46% of total office
By class:
Class A 1,054,174 SqFt 34.69% of total office
Class B 1,984,870 SqFt 65.31% of total office


Class A office space holds a 34.69% share of the overall Salem, OR office market, while Class B office assets make up approximately 65.31%.

Industrial

Total: 8,139,279 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,711,927 SqFt 21.03% of total industrial
100k to 500k SqFt 3,687,867 SqFt 45.31% of total industrial
500k to 1M SqFt 1,139,485 SqFt 14% of total industrial
> 1M SqFt 1,600,000 SqFt 19.66% of total industrial
By class:
Class A 2,450,120 SqFt 30.1% of total industrial
Class B 5,497,049 SqFt 67.54% of total industrial
Class C 192,110 SqFt 2.36% of total industrial
There are 3,687,867 square feet of commercial real estate properties between 100k to 500k square feet, representing 45.31% of the Salem, OR industrial inventory. Class A assets total 2,450,120 square feet of industrial space, with an additional 5,497,049 square feet of Class B and 192,110 square feet of Class C properties.

Office Spaces with Retail

Total: 82,342 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 82,342 SqFt 100% of total office with retail

Salem, OR Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total Sqft
Salem, OR Office 77 468,977
Salem, OR Retail 56 447,346
Salem, OR Industrial 31 1,138,829
Salem, OR Other 195 2,166,125
Ofice Icon

77

Office

Industrial Icon

31

Industrial

Retail Icon

56

Retail

Current local active listing encompass 4,221,277 square feet of commercial space for lease in Salem. There are 77 active office listings, which amount to 468,977 square feet and account for 21% of commercial spaces on the market. Local retail availability includes 447,346 square feet across 56 listings. Current industrial offerings on the market amount to 1,138,829 square feet across a total of 31.

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 2019, 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 2019, 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.