Salem, OR Commercial Real Estate for Lease and Sale

Explore 226 listings of Salem commercial real estate to find the best space for your business.

560 21st St SE

560 21st St SE, Southeast Salem, Salem, OR
Property

Industrial

65,597 SF
Availability

1 Space

3,250 SF
Year Built

1955
For Lease Contact for pricing
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Industrial with Yard

3901 Timbet Drive Southeast, South Gateway, Salem, OR
Property

Industrial

3,256 SF
Availability

1 Space

3,256 SF
For Lease

$6,200.00/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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Boulder Creek South

2525 12th Street SE, South Central Salem, Salem, OR
Property

Office

42,495 SF
Availability

1 Space

4,478 SF
Year Built

2017
For Lease

$33.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Car Lot with Office

808 12th St SE, Southeast Salem, Salem, OR
Property

Retail

1,000 SF
Availability

1 Space

20,909 SF
Year Built

1994
For Lease

$0.14/SF/MO
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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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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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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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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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Petra Plaza

2720 Commercial St SE, South Central Salem, Salem, OR
Property

Office

15,015 SF
Availability

2 Spaces

6,886 SF
Year Built

2000
For Lease

$2.50/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
Year Built

2024
For Sale

Call for pricing
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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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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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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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3130 Portland Rd NE

3130 Portland Rd NE, Northgate, Salem, OR
Property

Industrial
For Sale

$750,000
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Industrial Warehouse with Office

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

Industrial

70,500 SF
Availability

3 Spaces

6,300 SF
For Lease

$0.39 - $2.00/SF/MO
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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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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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Build to Suit

Cascadia Industrial St SE, Morningside, Salem, OR
Property

VacantLand

15,000 SF
Availability

1 Space

15,000 SF
For Lease Contact for pricing
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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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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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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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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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1136 Lancaster Dr NE

1136 Lancaster Dr NE, East Lancaster, Salem, OR
Property

Other

4,830 SF
Year Built

1986
For Sale

$1,190,000
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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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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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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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West Salem Industrial Warehouse

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

Industrial

198,000 SF
Availability

4 Spaces

36,767 SF
Year Built

1940
For Lease

$0.39 - $0.60/SF/MO
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Rushing Commercial Crossing

4336-4340 Commercial St. SE , Morningside, Salem, OR
Property

Retail

4,400 SF
Availability

2 Spaces

4,692 SF
For Lease

$24.00 - $45.00/SF/YR
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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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Mattson Building

695 Commercial St SE, Central Salem, Salem, OR
Property

Office

5,000 SF
Availability

3 Spaces

2,529 SF
For Lease

$1.79 - $1.89/SF/MO
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Oak Park Plaza

3380 Lancaster Dr NE, Hayesville, Salem, OR
Property

Retail

53,284 SF
Availability

3 Spaces

3,949 SF
For Lease

$20.00 - $28.00/SF/YR
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Keizer Station - Target

6450 Keizer Station Blvd NE, Keizer, OR
Property

Retail

121,535 SF
Availability

7 Spaces

56,412 SF
Year Built

2005
For Lease Contact for pricing
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5.5 Acre Industrial Development Site close to Keizer Station

Indian School Rd NE, Northgate, Salem, OR
Property

Other
For Sale Contact for pricing
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Parkside

966 12th St SE, Southeast Salem, Salem, OR
Property

Office

10,011 SF
Availability

1 Space

6,088 SF
Year Built

2007
For Lease

$2.35/SF/MO
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3220 & 3224 Pringle Road SE

3220 Pringle Road SE, Southeast Salem, Salem, OR
Property

Industrial

59,708 SF
Availability

4 Spaces

34,685 SF
Year Built

1976
For Lease

$0.10 - $0.70/SF/MO
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3095 Portland Rd NE

3095 Portland Rd NE, Northgate, Salem, OR
Property

VacantLand

0.38 Acre
For Sale

$225,000
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1415 Commercial St SE

1415 Commercial St SE, South Central Salem, Salem, OR
Property

Office

3,445 SF
Availability

3 Spaces

3,445 SF
Year Built

1910
For Lease

$1.75/SF/MO
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Westgate Shopping Center

525 Taggart Drive, West Salem, Salem, OR
Property

Retail

3,544 SF
Availability

3 Spaces

3,544 SF
For Lease

$28.00 - $28.50/SF/YR
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4826 Battle Creek Rd SE

4826 Battle Creek Rd SE, Morningside, Salem, OR
Property

Other
For Sale Contact for pricing
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3380 Portland Rd NE

3380 Portland Rd NE, Northgate, Salem, OR
Property

Office

2,492 SF
For Sale

$950,000
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1715 Capitol St NE

1715 Capitol St NE, Grant, Salem, OR
Property

Office

2,330 SF
Availability

2 Spaces

2,330 SF
For Lease

$1.20/SF/YR
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1800 State St

1800 State St, Southeast Salem, Salem, OR
Property

Office

2,745 SF
Year Built

1910
For Sale

$525,000
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Lancaster Drive Pad

1302 Lancaster Dr NE, East Lancaster, Salem, OR
Property

VacantLand

36,590 SF
For Sale Contact for pricing
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1115 Edgewater Street Northwest

1115 Edgewater Street Northwest, West Salem, Salem, OR
Property

Retail

2,456 SF
Availability

1 Space

2,456 SF
For Lease

$1.15/SF/MO
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435 Liberty Street NE

435 Liberty Street NE, Central Salem, Salem, OR
Property

Retail

52,387 SF
Availability

1 Space

25,150 SF
Year Built

1962
For Lease Contact for pricing
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2560 19th ST SE

2560 19th ST SE, Southeast Salem, Salem, OR
Property

Retail

1,000 SF
Availability

1 Space

1,000 SF
For Lease

$1.25/SF/YR
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Shopko Salem

1230 Lancaster Dr SE, Southeast Mill Creek, Salem, OR
Property

Retail

116,973 SF
Availability

1 Space

116,973 SF
For Lease Contact for pricing
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For Sale > First Pacific Corp. Building

5121 Skyline Village Loop S, Sunnyslope, Salem, OR
Property

Office

62,916 SF
Year Built

2003
For Sale Contact for pricing
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Cypress Center

1420 Lancaster Drive Northeast, East Lancaster, Salem, OR
Property

Retail

24,440 SF
Availability

1 Space

4,200 SF
For Lease

$16.00/SF/YR
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5555 Windsor Island Road North

5555 Windsor Island Road North, Keizer, OR
Property

VacantLand

123,700 SF
Availability

1 Space

123,700 SF
For Lease

$0.10/SF/MO
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1221 Riverbend Rd NW

1221 Riverbend Rd NW, West Salem, Salem, OR
Property

Retail

10,780 SF
Year Built

2023
For Sale

$8,900,000
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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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