Salem, OR Commercial Real Estate for Lease and Sale

Explore 232 listings of Salem commercial real estate to find the best space for your business.

Rushing Salem Triangle

2505 Liberty St NE, Higland, Salem, OR
Property

Retail

8,210 SF
Availability

2 Spaces

4,744 SF
Year Built

2005
For Lease

$22.00 - $28.00/SF/YR
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3130 Portland Rd NE

3130 Portland Rd NE, Northgate, Salem, OR
Property

Industrial
For Sale

$750,000
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5385 Commercial St SE

5385 Commercial St SE, South Gateway, Salem, OR
Property

Retail

7,792 SF
Availability

1 Space

970 SF
Year Built

1978
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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Office Coworking Retail Industrial

Office Retail Industrial Land
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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1230 State Events & Catering Center

1230 State St, Southeast Salem, Salem, OR
Property

Retail

5,880 SF
Year Built

1928
For Sale

$1,900,000
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The Oregon Building

494 State Street, Central Salem, Salem, OR
Property

Office

43,280 SF
Availability

9 Spaces

10,916 SF
Year Built

1912
For Lease

$1.44 - $2.06/SF/MO
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Liberty Place Professional Offices

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

Office

25,949 SF
Availability

2 Spaces

6,052 SF
For Lease

$1.65 - $19.80/SF/YR
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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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Professional Office

2111 Front St NE, Higland, Salem, OR
Property

Office

16,790 SF
Availability

3 Spaces

13,947 SF
For Lease Contact for pricing
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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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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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3121 Blossom Dr NE

3121 Blossom Dr NE, Northgate, Salem, OR
Property

Industrial

10,293 SF
Availability

1 Space

10,293 SF
For Lease

$15,320.00/MO
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1940-2045 Hyacinth Street NE

1940-2045 Hyacinth Street NE, Northgate, Salem, OR
Property

VacantLand
Availability

1 Space

1,135,609 SF
For Lease Contact for pricing
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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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the FORGE

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

Retail

80,724 SF
Availability

28 Spaces

23,470 SF
Year Built

1954
For Lease

$2.00 - $45.12/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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Fairview Business Park

3501-3589 Fairview Industrial Dr SE, Morningside, Salem, OR
Property

Office

118,885 SF
Availability

1 Space

5,097 SF
Year Built

1996
For Lease

$1.25/SF/MO
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4494 River Rd N

4494 River Rd N, Keizer, OR
Property

Office
Availability

9 Spaces

8,775 SF
For Lease

$275.00 - $4,500.00/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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408 Lancaster Dr NE

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

Office

8,120 SF
Year Built

1976
For Sale

$1,825,000
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Class A Investment Office Building

1220 20th Street SE, Southeast Salem, Salem, OR
Property

Office

28,696 SF
Availability

2 Spaces

14,361 SF
Year Built

2003
For Lease Contact for pricing
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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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2345 McGilchrist St SE

2345 McGilchrist St SE, Southeast Salem, Salem, OR
Property

Industrial

19,150 SF
Availability

2 Spaces

3,045 SF
Year Built

2018
For Lease

$1.50/SF/MO
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3510 Lancaster Dr NE

3510 Lancaster Dr NE, Hayesville, Salem, OR
Property

VacantLand
For Sale

$2,625,000
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Build to Suit Opportunity

2225-2685 Lancaster Dr SE, Southeast Mill Creek, Salem, OR
Property

VacantLand
Availability

6 Spaces

705,672 SF
For Lease Contact for pricing
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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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Rushing Wiltsey Crossing

5755-5795 Commercial St. SE, South Gateway, Salem, OR
Property

Retail

21,332 SF
Availability

1 Space

1,352 SF
Year Built

2008
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

9,435 SF
For Lease

$13.50 - $17.00/SF/YR
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Orchard West

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

Office

19,500 SF
Availability

7 Spaces

8,932 SF
Year Built

1999
For Lease

$2.00/SF/MO
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FLEX - The 45th Parallel Building

2195 Hyacinth St NE, Northgate, Salem, OR
Property

Industrial

72,489 SF
Availability

6 Spaces

3,044 SF
For Lease

$1.15 - $2.25/SF/MO
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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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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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330 Bush St SE

330 Bush St SE, South Central Salem, Salem, OR
Property

Office

1,889 SF
Year Built

1973
For Sale

$600,000
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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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1890 State St

1890 State St, Southeast Salem, Salem, OR
Property

Other
Year Built

1924
For Sale

$400,000
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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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1940-2045 Hyacinth Street NE

1940-2045 Hyacinth Street NE, Northgate, Salem, OR
Property

VacantLand
For Sale

$12/SF - $14/SF
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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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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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Professional Office

3950 Fairview Industrial Dr SE #100, Morningside, Salem, OR
Property

Office

8,527 SF
Availability

1 Space

6,613 SF
For Lease

$1.70/SF/MO
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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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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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Battle Creek Lodges

1702 Madras St SE, South Gateway, Salem, OR
Property

Other

55,440 SF
Year Built

1972
For Sale

$8,900,000
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Development Opportunity

2355 Liberty St NE & Pine St NE, Higland, Salem, OR
Property

VacantLand

5,750 SF
Availability

1 Space

5,750 SF
For Lease

$1.25/SF/MO
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4405 Turner Road SE

4405 Turner Road SE, Southeast Mill Creek, Salem, OR
Property

Industrial

193,758 SF
Year Built

2024
For Sale

Call For Pricing
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1310 12th St SE

1310 12th St SE, Southeast Salem, Salem, OR
Property

Retail

9,318 SF
Availability

2 Spaces

5,226 SF
Year Built

1987
For Lease

$1.25/SF/MO
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1890 State St

1890 State St, Southeast Salem, Salem, OR
Property

Other

2,614 SF
Availability

1 Space

2,614 SF
Year Built

1924
For Lease

$1.00/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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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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Build-to-Suit for Lease or Sale | Mill Creek Logistics Center

4782 Deer Park Dr SE, Southeast Mill Creek, Salem, OR
Property

Industrial

1,064,000 SF
For Sale Contact for pricing
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1091 Chemawa Rd N

1091 Chemawa Rd N, Keizer, Salem, OR
Property

Industrial

15,634 SF
Availability

3 Spaces

3,712 SF
Year Built

1970
For Lease

$12.75 - $17.46/SF/YR
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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 1,490,378 square feet of office space across 71 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 2,066,862 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 13,885,220 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 2,544,755 square feet of available listings. Retail space available in Salem adds up to 804,447 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 $21.64 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 $12.82 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 28,662 square feet.
Retail properties here incorporate an average of 38,998 square feet.
Industrial space in Salem is in buildings that are, on average 301,853 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 6,451,903 square feet. The market offers 58 active office listing(s), which amount to 464,744 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 805,534 square feet across 63 retail space(s). Industrial space for rent opportunities in Salem amount to 2,327,508 square feet across a total of 39 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	58	464,744
Retail	63	805,534
Industrial	39	2,327,508
Other	15	2,854,117

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 2,140,287 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 10 retail investment opportunity listing(s) , and 11 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	175,132
Retail	10	146,850
Industrial	11	1,444,945
Other	37	373,360

Salem, OR 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, 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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