Salem Retail

Salem

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
48,580
As of: July 25, 2017

Salem Rates

On average, listings lease in the $10's per square foot per year. The Salem region is experiencing a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

Salem Listing Supply

In the last 90 days, 8 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 88% of the listings in the 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 posted, so finding a space for a small business might be tough.

Even though the median size is 48,580 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this area were built in 1982 and are Class B.

Salem Community

Market Report

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

Market Data

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

Salem County Submarkets