Southeast Salem Office Space

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 27, 2017

Southeast Salem Rates

On average, listings lease in the $20's per square foot per year. The Southeast Salem submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $13 per sqft per year. That's a 85% increase in rent.

Southeast Salem Listing Supply

In the last 90 days, 4 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 175% of the available space in the Southeast 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 on the market, 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 close to 2 stories. Most buildings in this area 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 occupants 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