Salem, OR Commercial Real Estate for Lease and Sale

Explore 212 listings of Salem commercial real estate to find the best space for your business.

Creative Retail / Office Suite

651 High St NE, Central Salem, Salem, OR
Property

Office

4,530 SF
Availability

1 Space

440 SF
For Lease

$1.88/SF/MO
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Capitol Center

388 State Street, Central Salem, Salem, OR
Property

Office

46,206 SF
Availability

3 Spaces

11,919 SF
Year Built

1927
For Lease

$17.22 - $27.00/SF/YR
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Prime Downtown Retail Location

240 Commercial St NE, Central Salem, Salem, OR
Property

Retail

6,797 SF
Year Built

1889
For Sale

$1,185,000
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5669 Commercial St SE

5669 Commercial St SE, South Gateway, Salem, OR
Property

Office

12,900 SF
Availability

1 Space

12,900 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
1105 Liberty St SE

1105 Liberty St SE, South Central Salem, Salem, OR
Property

Office

9,915 SF
Year Built

1961
For Sale

$2,200,000
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Capitol City Business Center

4600 25th Avenue NE, Northgate, Salem, OR
Property

Office

233,358 SF
Availability

2 Spaces

31,848 SF
Year Built

1957
For Lease

$21.00/SF/YR
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Professional Office / Light Industrial

205 Columbia St NE #150, Higland, Salem, OR
Property

Office

12,056 SF
Availability

1 Space

7,769 SF
Year Built

1966
For Lease

$0.85/SF/MO
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1091 Chemawa Rd N

1091 Chemawa Rd N, Keizer, Salem, OR
Property

Industrial

15,634 SF
Availability

3 Spaces

4,218 SF
Year Built

1970
For Lease

$1,622.40 - $1,989.00/MO
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Industrial Flex Space

1500 McGilchrist St SE, Southeast Salem, Salem, OR
Property

Industrial

10,000 SF
Availability

1 Space

4,005 SF
For Lease

$3,949.55/MO
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Amazing West Salem View Lot

1655 Snowbird Lane NW, West Salem, Salem, OR
Property

VacantLand
For Sale

$225,000
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810 Commercial St SE

810 Commercial St SE, South Central Salem, Salem, OR
Property

Retail

7,712 SF
Availability

11 Spaces

5,219 SF
For Lease

$25.66 - $36.00/SF/YR
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1109 Edgewater St NW

1109 Edgewater St NW, West Salem, Salem, OR
Property

Retail

5,622 SF
Availability

3 Spaces

4,626 SF
Year Built

1938
For Lease

$1.50 - $1.75/SF/MO
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Highland Gardens Retail Center

1130 Royvonne Ave SE , Morningside, Salem, OR
Property

Retail

670 SF
Availability

2 Spaces

1,948 SF
Year Built

2007
For Lease

$21.00/SF/YR
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180 Ramsgate Square SE

180 Ramsgate Square SE, Faye Wright, Salem, OR
Property

Office

5,661 SF
Availability

1 Space

5,661 SF
For Lease Contact for pricing
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2850 Broadway St NE

2850 Broadway St NE, Higland, Salem, OR
Property

Office

106,601 SF
Availability

4 Spaces

96,628 SF
For Lease

$1.80 - $1.90/SF/MO
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Liberty Corridor Class A Office

1701 Liberty St SE, South Central Salem, Salem, OR
Property

Office

6,596 SF
Year Built

1996
For Sale

$1,950,000
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3405 Commercial St SE Ste 130

3405 Commercial St SE Ste 130, Faye Wright, Salem, OR
Property

Retail

9,000 SF
Availability

1 Space

1,200 SF
Year Built

1994
For Lease

$1.83/SF/MO
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Commercial Street Retail

960-990 Commercial St SE, South Central Salem, Salem, OR
Property

Retail

18,031 SF
Availability

3 Spaces

9,303 SF
Year Built

1950
For Lease

$1.45 - $1.50/SF/MO
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Creekside Corporate Center

650-680 Hawthorne Ave SE, Southeast Salem, Salem, OR
Property

Office

28,362 SF
Availability

6 Spaces

15,856 SF
Year Built

2004
For Lease

$1.95 - $2.25/SF/MO
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164 Lancaster Dr SE

164 Lancaster Dr SE, Four Corners, Salem, OR
Property

Retail

12,028 SF
Availability

3 Spaces

5,991 SF
Year Built

2007
For Lease

$1.10 - $15.00/SF/MO
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Metropolitan Building

150-160 Liberty Street NE, Central Salem, Salem, OR
Property

Office

34,242 SF
Availability

7 Spaces

3,125 SF
Year Built

1916
For Lease

$1.75 - $2.50/SF/MO
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3483 River Rd N

3483 River Rd N, Keizer, OR
Property

Retail

3,776 SF
Availability

1 Space

3,776 SF
For Lease

$1.50 - $2.50/SF/MO
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3271 Lancaster Drive Northeast

3271 Lancaster Drive Northeast, North Lancaster, Salem, OR
Property

Retail

13,503 SF
Availability

1 Space

13,503 SF
For Lease Contact for pricing
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Industrial Office with Warehouse

3995 Fairview Industrial Dr SE, Morningside, Salem, OR
Property

Industrial

27,500 SF
Availability

3 Spaces

16,844 SF
Year Built

1999
For Lease Contact for pricing
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West Salem Industrial Warehouse

298 Patterson Ave NW, West Salem, Salem, OR
Property

Industrial

198,000 SF
Availability

3 Spaces

31,767 SF
Year Built

1940
For Lease

$0.39/SF/MO
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Security Building

161 High St Se , Central Salem, Salem, OR
Property

Retail

34,744 SF
Availability

3 Spaces

978 SF
Year Built

1924
For Lease

$1.40 - $27.96/SF/YR
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Prime Downtown Retail Location

240 Commercial St NE, Central Salem, Salem, OR
Property

Retail

6,797 SF
Availability

1 Space

2,947 SF
Year Built

1889
For Lease

$0.68/SF/MO
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Flex Warehouse

2050 Vista Ave SE, Southeast Salem, Salem, OR
Property

Industrial

24,124 SF
Availability

2 Spaces

4,800 SF
Year Built

1981
For Lease Contact for pricing
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120 Commercial St NE

120 Commercial St NE, Central Salem, Salem, OR
Property

Retail

12,670 SF
Availability

1 Space

1,118 SF
For Lease

$2.42/SF/MO
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Office Space For Lease w/Rent Incentives!

4937 Indian School Rd, Northgate, Salem, OR
Property

Office

7,006 SF
Availability

1 Space

2,178 SF
Year Built

1980
For Lease

$1.05/SF/MO
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Industrial Site

Lot 200 & 300 16th St SE, Southeast Salem, Salem, OR
Property

VacantLand
For Sale

$408,290
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5800 Commercial St SE

5800 Commercial St SE, South Gateway, Salem, OR
Property

VacantLand
Availability

1 Space

0.41 Acre
For Lease

$14.00 - $21.00/Acre/YR
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Park 5 Business Center

200 Hawthorne Ave SE, Southeast Salem, Salem, OR
Property

Office

103,300 SF
Availability

8 Spaces

21,438 SF
For Lease

$0.70 - $1.30/SF/MO
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Cherry City Crossings

3930-3960 Cherry Ave NE, Keizer, OR
Property

Retail

3,900 SF
Availability

1 Space

392 SF
Year Built

2022
For Lease

$2.11/SF/MO
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498 Lancaster Dr NE

498 Lancaster Dr NE, Four Corners, Salem, OR
Property

Other
Availability

5 Spaces

21,110 SF
For Lease

$20.00/SF/YR
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Lease, Sale, Joint Venture

217 State St & 140 Front St, Central Salem, Salem, OR
Property

Retail

25,126 SF
Year Built

1912
For Sale

$2,495,000
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777 Commercial St SE

777 Commercial St SE, Central Salem, SALEM, OR
Property

Office

3,129 SF
Availability

1 Space

3,129 SF
For Lease Contact for pricing
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Anthony's Corner @ Wiltsey

5775 Commercial St SE, South Gateway, Salem, OR
Property

Retail

84,480 SF
Availability

3 Spaces

6,227 SF
Year Built

2024
For Lease

$28.00 - $42.00/SF/YR
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Professional Office Building

3871 Fairview Industrial Dr SE, Morningside, Salem, OR
Property

Office

17,411 SF
Availability

1 Space

5,417 SF
Year Built

1997
For Lease Contact for pricing
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120 Hrubetz Rd SE

120 Hrubetz Rd SE, Faye Wright, Salem, OR
Property

Retail

8,683 SF
Availability

4 Spaces

8,683 SF
Year Built

2022
For Lease

$28.00 - $45.00/SF/YR
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The Equitable Center

530 Center Street NE, Central Salem, Salem, OR
Property

Office

140,000 SF
Availability

1 Space

909 SF
Year Built

1976
For Lease

$1.85/SF/MO
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CR Zoned Property

1865 12th St SE, South Central Salem, Salem, OR
Property

Retail

2,400 SF
Availability

1 Space

2,400 SF
Year Built

1974
For Lease

$0.95/SF/MO
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Standalone Retail Building W/ Drive Thru

2710 Commercial St SE, South Central Salem, Salem, OR
Property

Retail

3,612 SF
Availability

1 Space

3,612 SF
For Lease Contact for pricing
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Standalone Building

3297 Portland Rd NE, Northgate, Salem, OR
Property

Industrial

8,991 SF
Availability

1 Space

2,978 SF
Year Built

1956
For Lease Contact for pricing
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The Oregon Building

494 State Street, Central Salem, Salem, OR
Property

Office

43,280 SF
Availability

11 Spaces

12,273 SF
Year Built

1912
For Lease

$1.44 - $2.06/SF/MO
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Diamond Retail

5070-5080 Commercial Street SE , South Gateway, Salem, OR
Property

Retail

32,500 SF
Availability

1 Space

1,311 SF
Year Built

2002
For Lease

$24.00 - $28.00/SF/YR
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3700 & 3772 Portland Road NE

3700 Portland Road NE, Northgate, Salem, OR
Property

Office

45,827 SF
Availability

1 Space

3,200 SF
Year Built

1960
For Lease

$18.00/SF/YR
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Orchard Heights Land Development

3186 Orchard Heights Rd NW, West Salem, Salem, OR
Property

VacantLand
For Sale

$34,842,500
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205 Columbia St NE, Salem Oregon 97301

205 Columbia St., Higland, Salem, OR
Property

Office

12,056 SF
Availability

1 Space

7,769 SF
For Lease

$1.35/SF/MO
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Pioneer Sqaure

3170 Lancaster Dr NE, Hayesville, Salem, OR
Property

Retail

61,362 SF
For Sale

$8,750,000
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1684 Doaks Ferry Rd NW

1684 Doaks Ferry Rd NW, West Salem, Salem, OR
Property

VacantLand
For Sale

$4,950,000
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1244 Front St NE

1244 Front St NE, Grant, Salem, OR
Property

Industrial

69,660 SF
Availability

1 Space

69,660 SF
Year Built

1960
For Lease

$0.55/SF/MO
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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 1,545,181 square feet of office space across 69 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 1,724,565 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 4,274,043 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 2,291,912 square feet of available listings. Retail space available in Salem adds up to 603,381 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.

The average rent for commercial real estate space listed for lease in Salem is $21.72 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Salem can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $21.75 per square foot, industrial space in Salem saw average rents of $13.26 per square foot.

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. The highest concentration of commercial space listings of any kind in Salem is in the Central Salem neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Central Salem area.

Meanwhile, retail space opportunities are most abundant in the Central Salem submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Northgate.

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 $45 per square foot. In particular, the property type commanding the highest lease rates in Salem was Retail space.

Conversely, the highest sale price last year was $7,540,000 that is located at 3414 Cherry Avenue NE.

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 29,716 square feet.
Retail properties here incorporate an average of 36,693 square feet.
Industrial space in Salem is in buildings that are, on average 99,397 square feet in size.

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Salem currently add up to 5,190,577 square feet. The market offers 56 active office listing(s), which amount to 512,849 square feet and account for 34% of commercial spaces on the market. Local retail availability includes 599,476 square feet across 60 retail space(s). Industrial space for rent opportunities in Salem amount to 2,275,068 square feet across a total of 35 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	56	512,849
Retail	60	599,476
Industrial	35	2,275,068
Other	10	1,803,184

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Salem, OR. Currently, there is 2,892,144 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 6 retail investment opportunity listing(s) , and 10 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	159,297
Retail	6	109,380
Industrial	10	2,391,271
Other	24	232,196

Salem, OR Commercial Real Estate for Lease and Sale

What type of listing property are you looking for?

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

What is the average rent for commercial space in Salem, OR?

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

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, OR?

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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