Northeast Salem Industrial

Northeast Salem

Office Space Market Report

Number of Listings (last 90 days)
1
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
340
As of: June 23, 2017

Northeast Salem Rates

The typical asking rate per listing is in the $10's per square foot per year. The Northeast Salem submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $16 per sqft per year.

Northeast Salem Listing Supply

In the last 90 days, 1 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 500% of the office spaces in the Northeast Salem 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 340 sqft. Most properties in this area are around 1 floors. Most buildings in this area were built in 1980 and are Class A.

Northeast Salem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Northeast Salem residents. Commuting around an hour a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Northeast Salem.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Northeast Salem.
Research