Salem, MA Commercial Real Estate for Lease and Sale

Explore 14 listings of Salem commercial real estate to find the best space for your business.

CNC Autowerks

483-485 Highland Avenue, Salem, MA
Property

Office

1,572 SF
For Sale

$2,900,000
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Building II

35 Congress Street, Salem, MA
Property

Industrial

500,000 SF
Availability

5 Spaces

50,262 SF
Year Built

1962
For Lease Contact for pricing
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Building I

27 Congress Street, Salem, MA
Property

Office

220,000 SF
Availability

6 Spaces

37,132 SF
For Lease Contact for pricing
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Paradise Plaza

Paradise Rd & Vinnin St, Salem, MA
Property

Retail

48,587 SF
Availability

1 Space

4,745 SF
For Lease Contact for pricing
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4 Technology Way

4 Technology Way, Salem, MA
Property

Office

86,000 SF
Availability

1 Space

15,000 SF
Year Built

2012
For Lease

$20.00 - $30.00/SF/YR
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LocalWorks Salem
LocalWorks
88b Lafayette Street, Salem, MA
Services

Virtual Office

Meeting Room

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Parking

Window view
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Building IV - North & South

45 Congress Street, Salem, MA
Property

Industrial

384,740 SF
Availability

7 Spaces

148,877 SF
For Lease Contact for pricing
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120 Washington Street
Workbar
120 Washington Street, Salem, MA
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

High-speed wifi

IT support

Mother’s room

Printer

Privacy booths

Projector

TV/Monitor

White boards
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Staples Center

17 Paradise Ave, Salem, MA
Property

Retail

48,587 SF
Availability

2 Spaces

8,294 SF
For Lease Contact for pricing
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2 Margin ST

2 Margin ST , Salem, MA
Property

Office

1,260 SF
Availability

1 Space

1,260 SF
For Lease Contact for pricing
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218 Highland Ave

218 Highland Ave, Salem, MA
Property

Industrial

45,000 SF
Availability

1 Space

45,000 SF
For Lease Contact for pricing
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38 Swampscott Road

38 Swampscott Road, Salem, MA
Property

Industrial

161,600 SF
Availability

1 Space

19,250 SF
Year Built

1988
For Lease Contact for pricing
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16 Proctor Street

16 Proctor Street, Salem, MA
Property

Industrial

69,166 SF
Availability

1 Space

6,400 SF
Year Built

1900
For Lease

$13.00/SF/YR
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329-333 Highland Avenue

329-333 Highland Avenue, Salem, MA
Property

Office

25,956 SF
For Sale Contact for pricing
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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 334,788 square feet of office space across 5 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 97,174 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 1,160,506 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 269,789 square feet of available listings. Office space available in Salem adds up to 53,392 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.

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.

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 $30 per square foot.

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 66,958 square feet.
Retail properties here incorporate an average of 48,587 square feet.
Industrial space in Salem is in buildings that are, on average 232,102 square feet in size.

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Salem currently add up to 316,970 square feet. The market offers 3 active office listing(s), which amount to 53,392 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 13,039 square feet across 2 retail space(s). Industrial space for rent opportunities in Salem amount to 250,539 square feet across a total of 4 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	53,392
Retail	2	13,039
Industrial	4	250,539

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, MA. Currently, there is 27,528 square feet of commercial property for sale here , which includes 2 office building(s) for sale .

Property Type	Count of Listings	Total SF
Office	2	27,528

Salem, MA Commercial Real Estate for Lease and Sale

CNC Autowerks

Building II

Building I

Paradise Plaza

4 Technology Way

LocalWorks Salem

Building IV - North & South

120 Washington Street

Staples Center

2 Margin ST

218 Highland Ave

38 Swampscott Road

16 Proctor Street

329-333 Highland Avenue

Frequently Asked Questions

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Salem, MA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

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

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

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

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, MA?

Salem, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us