Southeast Salem Industrial

Southeast Salem

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
830
As of: July 22, 2017

Southeast Salem Rates

The typical asking rate per listing is in the $20's per square foot per year. The Southeast Salem region is going through a an increase in rates. In the last 3 months, the median rate rose $13 per sqft per year. That's a 85% rise in rent.

Southeast Salem Listing Supply

In the last 90 days, 4 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 175% of the available leases in the Southeast Salem are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 830 sqft. Most properties in this market are approximately 2 stories. Most buildings in this market were built in 1989 and are Class A.

Southeast Salem Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the residents of Southeast Salem work from home. Commuting close to 30 minutes 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 Southeast Salem.
Market Report

Market Data

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