Central Area Commercial Real Estate

260 Liberty St NE - Unit 200 (Floor 2) Central Area, Salem, OR  
Aug 28
10,040
sqft
Office Retail
299 D St NE - Floor Lower Level Central Area, Salem, OR can be demised
Aug 28
20,600
sqft
Office Retail
780 Commercial St SE - 2 Spaces Central Area, Salem, OR less janitorial
Jul 26
110 - 700
sqft
Office
365 Ferry St SE - Unit B Central Area, Salem, OR  
Mar 27
1,120
sqft
Office Retail

Central Area

Market Report

Number of Listings
Posted in the last 90 days
17
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
1,230

Central Area Rates

Most listings are in the $20's per square foot per year. The Central Area submarket is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.

Central Area Listing Supply

In the last 90 days, 144 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the available space in the Central Area are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,230 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this region were built in 1964 and are Class A.

Central Area Community

A large portion of this area is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Most of the residents of Central Area work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central Area.
Research