Salem, OR Commercial Real Estate for Lease and Sale

Explore 270 listing(s) of commercial real estate in Salem, OR to find the best space for your business.

CRE Market FAQs

River City Mall

1094 Lancaster Drive NE, East Lancaster, Salem, OR
Space Type

Retail
For Lease

$22.00/SF/YR
2 spaces available / 2,933 SF
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1805 Silverton Road Northeast

1805 Silverton Road Northeast, Northgate, Salem, OR
Space Type

Retail
For Lease

$24.00/SF/YR
2 spaces available / 832 - 1,091 SF
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110-170 Division St. NE

110-170 Division St. NE, Central Salem, Salem, OR
Property Type

Industrial
For Sale

$2,700,000
Property size 11,098 SF
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3220 & 3224 Pringle Road SE

3220 Pringle Road SE, Southeast Salem, Salem, OR
Space Type

Industrial
For Lease

$0.10 - $0.72/SF/MO
5 spaces available / 1,600 - 20,000 SF
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820 Jefferson Street Northeast

820 Jefferson Street Northeast, Grant, Salem, OR
Property Type

Other
For Sale

$2,100,000
Property size 24,664 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Salem:
- Office Space: The market includes 2,090,600 square feet of office spaces in addition to 191 coworking locations.
- Retail Space: Between malls, restaurants and stores, Salem is home to 2,888,163 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,924,829 square feet of available space in Salem.
The average rent for commercial real estate in Salem is $19.89 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Salem costs $7.2, while the city’s premium locations ask up to $40.
Office space here averages $24.79 per square foot while industrial space averages $9.16 per square foot. The variation reflects differences in property types, quality, and demand. 
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 105,695 square feet.
- Class B properties are sized 37,185 square feet, on average.
- Class C properties span an average of 23,193 square feet.
The best area for commercial real estate in Salem will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Central Salem, home to no fewer than 115 listings for space of all types. If you're looking for office space, Central Salem has the highest concentration of office listings at 68.

Meanwhile, Northgate has the highest number of industrial availabilities (26), while Central Salem boasts the largest number of retail listings in the city (45).
CommercialCafe’s CRE offering in Salem is enabled by a network of 109 active brokers from 51 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
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, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $40 per square foot. In particular, the property type commanding the highest lease rates in Salem is Office space.
The average size of a commercial property here stands at 832,215. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Salem:
Office properties:
- Average size: 29,866 square feet.
- Largest property: 180 (48,857 square feet).
Retail properties:
- Average size: 35,222 square feet.
- Largest property: 1. Available (divisible) (116,866 square feet).
Industrial properties:
- Average size: 40,101 square feet.
- Largest property: Space Available (1,064,000 square feet).

Salem, OR Commercial Space Listings

Commercial Space for Lease - Breakdown

The 201 listings for commercial real estate currently available for rent in Salem add up to 4,322,772 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	69	618,369
Retail	82	906,932
Industrial	45	1,965,256
Other	5	832,215

Office properties:

The market has 69 active office listings, encompassing 618,369 square feet.
Salem office spaces currently listed on CommercialCafe represent 34% of the total commercial real estate market in Salem, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 82 retail listings available, adding up to a total of 906,932 square feet.
Retail spaces account for approximately 40% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Salem offers 45 listings, amounting to 1,965,256 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 22% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 88 properties listed for sale in the Salem market, adding up to 2,439,673 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

18 office properties
15 retail properties
11 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	18	357,300
Retail	15	288,543
Industrial	11	1,504,646
Other	44	289,184

Salem, OR Commercial Real Estate for Lease and Sale

River City Mall

1805 Silverton Road Northeast

110-170 Division St. NE

3220 & 3224 Pringle Road SE

820 Jefferson Street Northeast

Frequently Asked Questions

Salem, OR Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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