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.
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.
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.