Salem, OR Commercial Real Estate for Lease and Sale

Explore 329 listing(s) of commercial real estate in Salem, OR to find the best space for your business.

CRE Market FAQs

Salem Riverfront Redevelopment Site

1105-1375 Front Street Northeast, Central Salem, Salem, OR
Property Type

VacantLand
For Sale

$11,999,000
Built in 1914 / Property size 13.27 Acre
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2568 Pringle Rd SE

2568 Pringle Rd SE, Morningside, Salem, OR
Space Type

Industrial
For Lease

$1.10/SF/MO
1 space available / 5,060 SF
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Co.W - Salem Center

216 Commercial Street Northeast, Salem, OR
Space Type

Private Offices
For Lease

From $725/month
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2930 Commercial St SE

2930 Commercial St SE, South Central Salem, Salem, OR
Space Type

Retail
For Lease Contact for pricing

1 space available / 2,150 SF
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South Salem Retail

5251-5255 Commercial Street SE, South Gateway, Salem, OR
Space Type

Retail
For Lease

$2,370.00/MO
2 spaces available / 1,580 SF
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Lancaster Green

3056 Lancaster Drive NE, Hayesville, Salem, OR
Space Type

Office
For Lease

$24.00 - $26.00/SF/YR
4 spaces available / 1,500 - 4,595 SF
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Medical Office

1595 Commercial St SE, South Central Salem, Salem, OR
Space Type

Office
For Lease Contact for pricing

1 space available / 4,395 SF
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Keizer Schoolhouse Square

5013 River Road North, Keizer, Salem, OR
Space Type

Retail
For Lease Contact for pricing

1 space available / 1,290 SF
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Westgate Shopping Center

505 Taggart Drive NW, West Salem, Salem, OR
Space Type

Retail
For Lease

$28.00 - $28.50/SF/YR
2 spaces available / 917 - 1,650 SF
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1594 Edgewater St NW

1594 Edgewater St NW, West Salem, Salem, OR
Space Type

Retail
For Lease

$26.00/SF/YR
1 space available / 1,205 SF
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477 Madrona Ave SE

477 Madrona Ave SE, Faye Wright, Salem, OR
Property Type

VacantLand
For Sale

$700,000
Property size 30,000 SF
View Details

Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Salem:
- Office Space: The market includes 2,295,021 square feet of office spaces in addition to 201 coworking locations.
- Retail Space: Between malls, restaurants and stores, Salem is home to 3,222,211 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 1,864,112 square feet of available space in Salem.
The average rent for commercial real estate in Salem is $20.86 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Salem costs $10.2, while the city’s premium locations ask up to $32.05.
Office space here averages $22.25 per square foot while industrial space averages $9.87 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 45,304 square feet.
- Class B properties are sized 27,572 square feet, on average.
- Class C properties span an average of 20,892 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 155 listings for space of all types. If you're looking for office space, Central Salem has the highest concentration of office listings at 80.

Meanwhile, Southeast Salem has the highest number of industrial availabilities (22), while Central Salem boasts the largest number of retail listings in the city (49).
CommercialCafe’s CRE offering in Salem is enabled by a network of 125 active brokers from 53 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 $32.05 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 888,545. 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: 26,380 square feet.
- Largest property: 180 (48,857 square feet).
Retail properties:
- Average size: 30,399 square feet.
- Largest property: 1. Available (divisible) (116,866 square feet).
Industrial properties:
- Average size: 30,067 square feet.
- Largest property: 4405 Turner Road SE (193,758 square feet).

Salem, OR Commercial Space Listings

Commercial Space for Lease - Breakdown

The 224 listings for commercial real estate currently available for rent in Salem add up to 3,239,322 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	75	626,748
Retail	92	898,687
Industrial	48	825,342
Other	9	888,545

Office properties:

The market has 75 active office listings, encompassing 626,748 square feet.
Salem office spaces currently listed on CommercialCafe represent 33% of the total commercial real estate market in Salem, compared to an average of 39% across all markets tracked by CommercialCafe.

Retail Space:

There are 92 retail listings available, adding up to a total of 898,687 square feet.
Retail spaces account for approximately 41% of the local commercial market, while the average share taken up by retail in all U.S. markets is 34%.

Industrial Space:

The industrial market in Salem offers 48 listings, amounting to 825,342 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 21% of the total commercial space available in the market, compared to a nationwide average of 25%.

The data presented in this section was last updated as of September 10, 2026

Commercial Space for Sale - Breakdown

There are currently 120 properties listed for sale in the Salem market, adding up to 6,351,908 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

26 office properties
22 retail properties
16 industrial properties

The data presented in this section was last updated as of September 10, 2026

Property Type	Count of Listings	Total Sq. Ft.
Office	26	463,536
Retail	22	381,327
Industrial	16	501,581
Other	56	5,005,464

Salem, OR Commercial Real Estate for Lease and Sale

Salem Riverfront Redevelopment Site

2568 Pringle Rd SE

Co.W - Salem Center

2930 Commercial St SE

South Salem Retail

Lancaster Green

Medical Office

Keizer Schoolhouse Square

Westgate Shopping Center

1594 Edgewater St NW

477 Madrona Ave SE

Frequently Asked Questions

Salem, OR Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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