Salem, OR Commercial Real Estate for Lease - 133 Listings

1245 Columbia St NE

1245 Columbia St NE, Higland, Salem, OR
Property

Retail

4,000 SF
Availability

1 Space

2,000 SF
For Lease

$18.00/SF/YR
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The Micah Building

680 State Street, Central Salem, Salem, OR
Property

Office

34,000 SF
Availability

1 Space

1,728 SF
Year Built

1929
For Lease

$1.75/SF/MO
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155 Liberty St NE

155 Liberty St NE, Central Salem, Salem, OR
Property

Retail

13,658 SF
Availability

24 Spaces

16,571 SF
Year Built

1936
For Lease

$9.00 - $24.15/SF/YR
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1295 Baxter Rd SE

1295 Baxter Rd SE, South Gateway, Salem, OR
Property

Office

2,788 SF
Availability

1 Space

2,788 SF
Year Built

1978
For Lease

$1.50/SF/MO
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233B Commercial ST NE Salem Oregon 97301

233B Commercial ST NE Salem Oregon 97301, Central Salem, Salem, OR
Property

Office

1,000 SF
Availability Contact for availability
Year Built

2021
For Lease Contact for pricing
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Orchard West

675 Orchard Heights RD NW, West Salem, Salem, OR
Property

Office

19,500 SF
Availability

3 Spaces

4,793 SF
Year Built

1999
For Lease

$2.00/SF/MO
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Robertson Building

1241 State Street, Northeast Neighbors, Salem, OR
Property

Office

77,384 SF
Availability

1 Space

77,414 SF
Year Built

1997
For Lease

$24.00/SF/YR
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Anthony's Corner @ Wiltsey

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

Retail

84,480 SF
Availability

5 Spaces

10,540 SF
Year Built

2023
For Lease

$28.00 - $42.00/SF/YR
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4615 Commercial St SE

4615 Commercial St SE, Faye Wright, Salem, OR
Property

Retail
Availability

1 Space

3,014 SF
For Lease Contact for pricing
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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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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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Airport Business Park

1655-2035 25th Street SE, Southeast Salem, Salem, OR
Property

Retail

67,005 SF
Availability

3 Spaces

5,545 SF
Year Built

1978
For Lease

$0.75 - $1.10/SF/MO
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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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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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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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Kuebler Gateway

2521 Boone Road SE, South Gateway, Salem, OR
Property

Office

38,512 SF
Availability

1 Space

3,551 SF
Year Built

2014
For Lease Contact for pricing
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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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3993 Fairview Industrial Drive SE

3993 Fairview Industrial Drive SE, Morningside, Salem, OR
Property

Office

21,800 SF
Availability

1 Space

21,800 SF
Year Built

2007
For Lease

$1.25/SF/MO
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4472 River Rd N

4472 River Rd N, Keizer, OR
Property

Retail

30,300 SF
Availability

3 Spaces

5,800 SF
For Lease

$1.70/SF/MO
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25th Street Industrial Park

25th Street SE & Electric Street SE, Southeast Mill Creek, Salem, OR
Property

Industrial

87,500 SF
Availability

2 Spaces

87,500 SF
Year Built

2024
For Lease Contact for pricing
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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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2927 Broadway St NE

2927 Broadway St NE, Higland, Salem, OR
Property

Retail

28,645 SF
Availability

2 Spaces

3,839 SF
Year Built

2001
For Lease

$18.00/SF/YR
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Capitol Center

388 State Street, Central Salem, Salem, OR
Property

Office

46,206 SF
Availability

4 Spaces

12,092 SF
Year Built

1927
For Lease

$17.22 - $27.75/SF/YR
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New Build Office Suites

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

Office

14,447 SF
Availability

2 Spaces

14,447 SF
Year Built

2024
For Lease

$2.35/SF/MO
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5410 River Rd N

5410 River Rd N, Keizer, OR
Property

Retail
Availability

1 Space

2,560 SF
Year Built

1986
For Lease Contact for pricing
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3790 Silverton Rd NE Salem

3790 Silverton Rd NE Salem, Hayesville, Salem, OR
Property

Industrial

20,865 SF
Availability

5 Spaces

9,375 SF
For Lease

$1,884.17 - $3,936.25/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 1,212,719 square feet of office space across 59 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 1,501,069 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 3,938,152 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 2,866,854 square feet of available listings. Retail space available in Salem adds up to 704,293 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 $21.57 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 $9.48 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 Southeast Salem.

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 $34 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 31,096 square feet.
Retail properties here incorporate an average of 42,888 square feet.
Industrial space in Salem is in buildings that are, on average 82,045 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 5,788,711 square feet. The market offers 48 active office listing(s), which amount to 442,559 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 704,293 square feet across 49 retail space(s). Industrial space for rent opportunities in Salem amount to 2,866,854 square feet across a total of 40 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	48	442,559
Retail	49	704,293
Industrial	40	2,866,854
Other	7	1,775,005

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 2,027,544 square feet of commercial property for sale here , which includes 12 office building(s) for sale , 6 retail investment opportunity listing(s) , and 12 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	12	203,675
Retail	6	109,195
Industrial	12	1,419,009
Other	18	295,665

Salem, OR Commercial Real Estate for Lease - 133 Listings

1245 Columbia St NE

The Micah Building

155 Liberty St NE

1295 Baxter Rd SE

233B Commercial ST NE Salem Oregon 97301

Orchard West

Robertson Building

Anthony's Corner @ Wiltsey

4615 Commercial St SE

1109 Edgewater St NW

180 Ramsgate Square SE

Airport Business Park

5800 Commercial St SE

Capitol City Business Center

2850 Broadway St NE

Kuebler Gateway

Commercial Street Retail

3993 Fairview Industrial Drive SE

4472 River Rd N

25th Street Industrial Park

205 Columbia St NE, Salem Oregon 97301

2927 Broadway St NE

Capitol Center

New Build Office Suites

5410 River Rd N

3790 Silverton Rd NE Salem

Frequently Asked Questions

Salem, OR Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Salem, OR Commercial Real Estate for Lease - 133 Listings

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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About us