Salem, OR Commercial Real Estate for Lease and Sale

Explore 225 listings of Salem commercial real estate to find the best space for your business.

Commercial St SE & Wiltsey Rd SE

Commercial St SE & Wiltsey Rd SE, South Gateway, Salem, OR
Property

VacantLand
Availability

1 Space

0.4 Acre
For Lease

$18.00 - $30.00/Acre/YR
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Devonshire Shops

3815 Devonshire Ave Northeast, North Lancaster, Salem, OR
Property

Retail

12,215 SF
Availability

1 Space

3,010 SF
For Lease

$2.00/SF/MO
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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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Endcap Retail or Office Space

1018-1024 Liberty St. NE, Central Salem, Salem, OR
Property

Retail

17,136 SF
Availability

1 Space

1,267 SF
Year Built

1936
For Lease

$1.89/SF/MO
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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3300 Market St NE

3300 Market St NE, Northeast Salem, Salem, OR
Property

Retail

4,470 SF
Availability

3 Spaces

1,909 SF
Year Built

1978
For Lease

$1.25/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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2025 Lancaster Dr NE

2025 Lancaster Dr NE, North Lancaster, Salem, OR
Property

Retail

49,192 SF
Availability

1 Space

49,192 SF
Year Built

1983
For Lease Contact for pricing
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925 Commercial St

925 Commercial St. SE, South Central Salem, Salem, OR
Property

Office

27,660 SF
Availability

3 Spaces

8,884 SF
Year Built

1998
For Lease

$2.20 - $25.80/SF/YR
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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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Industrial Site

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

VacantLand
For Sale

$408,290
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Keizer Plaza

4900 River Rd N, Keizer, OR
Property

Retail

16,870 SF
Year Built

1964
For Sale

$4,000,000
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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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25th Street Industrial Park

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

Industrial

87,500 SF
Year Built

2024
For Sale

Call for pricing
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Maebelle Homes

7610-7640 Maebelle Lane Northeast, Keizer, OR
Property

Multi-Family

8,572 SF
Year Built

2007
For Sale

$2,085,000
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Industrial Yard

5055 Turner Road SE, Southeast Mill Creek, Salem, OR
Property

VacantLand
Availability

1 Space

400,000 SF
For Lease

$0.10/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

$1.25/SF/MO
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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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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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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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5247 Commercial St SE

5247 Commercial St SE, South Gateway, Salem, OR
Property

Retail

1,600 SF
Availability

1 Space

1,600 SF
Year Built

1997
For Lease

$22.00/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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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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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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Park 5 Business Center

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

Office

103,300 SF
Availability

6 Spaces

13,233 SF
For Lease

$1.20 - $1.30/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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4900 River Rd N

4900 River Rd N, Keizer, OR
Property

Retail

16,656 SF
Availability

2 Spaces

1,632 SF
Year Built

1964
For Lease

$1.50/SF/MO
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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
Availability

1 Space

1,064,000 SF
For Lease 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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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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Pioneer Sqaure

3170 Lancaster Dr NE, Hayesville, Salem, OR
Property

Retail

61,362 SF
For Sale

$8,750,000
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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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735 Browning Ave SE

735 Browning Ave SE, Faye Wright, Salem, OR
Property

Other
Availability

2 Spaces

2,884 SF
For Lease

$1.45 - $1.60/SF/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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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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3305 Portland Rd NE

3305 Portland Rd NE, Northgate, Salem, OR
Property

VacantLand
For Sale

$1,395,000
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3630 Boone Rd SE

3630 Boone Rd SE, South Gateway, Salem, OR
Property

Industrial

30,710 SF
Availability

4 Spaces

5,220 SF
Year Built

1983
For Lease

$0.88 - $15.25/SF/YR
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Industrial Land

Boone Rd SE, South Gateway, Salem, OR
Property

VacantLand
Availability

1 Space

200,811 SF
For Lease

$0.09/SF/MO
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Mission Oaks Professional Center

1255 Lee Street SE, Southeast Salem, Salem, OR
Property

Office

27,254 SF
Availability

1 Space

3,278 SF
Year Built

2005
For Lease

$1.95/SF/MO
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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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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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Creekside Corporate Center

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

Office

28,362 SF
Availability

6 Spaces

15,167 SF
Year Built

2004
For Lease

$1.95 - $2.25/SF/MO
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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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3160 Blossom Dr NE

3160 Blossom Dr NE, Northgate, Salem, OR
Property

Other
Availability

1 Space

10,200 SF
For Lease

$0.75/SF/MO
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4635 Commercial St SE

4635 Commercial St SE, Faye Wright, Salem, OR
Property

Retail
Availability

1 Space

3,014 SF
For Lease Contact for pricing
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4405 Turner Road SE

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

Industrial

193,758 SF
Availability

1 Space

193,758 SF
Year Built

2024
For Lease

$0.85/SF/MO
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Flex Warehouse

1940 Mission Street Southeast, Southeast Salem, Salem, OR
Property

Industrial

17,131 SF
Availability

1 Space

17,131 SF
For Lease Contact for pricing
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Build to Suit

Cascadia Industrial St SE, Morningside, Salem, OR
Property

VacantLand

15,000 SF
For Sale

$565,000
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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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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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Camelot East

1148 37th Pl NE, Northeast Salem, Salem, OR
Property

Multi-Family

38,064 SF
Year Built

1997
For Sale

$5,800,000
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Retail/Flex Space on Lancaster Drive

318-320 Lancaster Drive NE, Four Corners, Salem, OR
Property

Retail

5,000 SF
Availability

1 Space

2,700 SF
Year Built

1978
For Lease 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 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 6,735,614 square feet. The market offers 57 active office listing(s), which amount to 528,430 square feet and account for 32% of commercial spaces on the market. Local retail availability includes 806,602 square feet across 62 retail space(s). Industrial space for rent opportunities in Salem amount to 2,546,465 square feet across a total of 40 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	57	528,430
Retail	62	806,602
Industrial	40	2,546,465
Other	16	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 13,511,868 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 8 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	177,462
Retail	8	135,480
Industrial	11	12,812,225
Other	33	386,701

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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