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Capitol Tower 388 State St 261 - 8,477 SF of Office Space Available in Salem, OR 97301
HIGHLIGHTS
- Salem’s tallest building
- Janitorial included
- Suites ready for tenants now
- Conference and break room amenities
ALL AVAILABLE SPACES(5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Salem's tallest building
- Janitorial included
- On site parking for an additional fee
- Office intensive layout
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Suites ready for tenants now
- Conference and break room amenities
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space.
- Office intensive layout
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Suites ready for tenants now
- Conference and break room amenities
- Space is in Excellent Condition
- Salem's tallest building
- Janitorial included
- On site parking for an additional fee
Monthly Rent $1,300/month Nice, larger single office space with. Suitable for 3-4 people. Available October 1, 2025.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Fully Built-Out as Standard Office
Monthly Rent $2,150 Unique opportunity for turn-key office space with incredible views of downtown and Salem’s Riverfront. One larger office remains on the perimeter of the space with expansive windows. Nice reception/waiting area, conference room, break room, and interior open workspaces.
- Rate includes utilities, building services and property expenses
- Office intensive layout
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
Monthly Rent $700 until December 31, 2025 Entire floor recently underwent a remodel, creating executive suites on a portion of the floor that includes a shared lobby with seating. Rent starting at $700/MO through December 31, 2025 and is $721/MO from 01.01.26 to 12.31.26.
- Rate includes utilities, building services and property expenses
- Office intensive layout
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor, Ste 1stFloor | 3,924 SF | 5 Years | $17.16 /SF/YR $1.43 /SF/MO $67,336 /YR $5,611 /MO | Office | - | 30 Days |
| Mezzanine, Ste MEZZ | 3,044 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | - | 30 Days |
| 5th Floor, Ste 500 | 627 SF | Negotiable | $24.84 /SF/YR $2.07 /SF/MO $15,575 /YR $1,298 /MO | Office | Full Build-Out | Now |
| 10th Floor, Ste 1020 | 621 SF | 5 Years | $41.52 /SF/YR $3.46 /SF/MO $25,784 /YR $2,149 /MO | Office | Full Build-Out | 30 Days |
| 10th Floor, Ste Suite 1030 | 261 SF | Negotiable | $32.16 /SF/YR $2.68 /SF/MO $8,394 /YR $699.48 /MO | Office | Full Build-Out | 30 Days |
1st Floor, Ste 1stFloor
| Size |
| 3,924 SF |
| Term |
| 5 Years |
| Rental Rate |
| $17.16 /SF/YR $1.43 /SF/MO $67,336 /YR $5,611 /MO |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
Mezzanine, Ste MEZZ
| Size |
| 3,044 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 30 Days |
5th Floor, Ste 500
| Size |
| 627 SF |
| Term |
| Negotiable |
| Rental Rate |
| $24.84 /SF/YR $2.07 /SF/MO $15,575 /YR $1,298 /MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
10th Floor, Ste 1020
| Size |
| 621 SF |
| Term |
| 5 Years |
| Rental Rate |
| $41.52 /SF/YR $3.46 /SF/MO $25,784 /YR $2,149 /MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
10th Floor, Ste Suite 1030
| Size |
| 261 SF |
| Term |
| Negotiable |
| Rental Rate |
| $32.16 /SF/YR $2.68 /SF/MO $8,394 /YR $699.48 /MO |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor, Ste 1stFloor
| Size | 3,924 SF |
| Term | 5 Years |
| Rental Rate | $17.16 /SF/YR |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space.
- Rate includes utilities, building services and property expenses
- Office intensive layout
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Salem's tallest building
- Suites ready for tenants now
- Janitorial included
- Conference and break room amenities
- On site parking for an additional fee
Mezzanine, Ste MEZZ
| Size | 3,044 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Condition | - |
| Available | 30 Days |
Gorgeous historic first floor/mezzanine is turnkey for professional office use. Landlord is willing to provide the mezzanine level free of charge for qualified lease terms. Landlord will also consider conversion to restaurant or retail. Landlord willing to provide significant free rent incentive for initial lease terms at five years or more. Current buildout has great mix of open space, private offices, and creative work space. Numerous restrooms throughout and an upstairs breakroom make this a well-rounded space.
- Office intensive layout
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Salem's tallest building
- Suites ready for tenants now
- Janitorial included
- Conference and break room amenities
- On site parking for an additional fee
5th Floor, Ste 500
| Size | 627 SF |
| Term | Negotiable |
| Rental Rate | $24.84 /SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Monthly Rent $1,300/month Nice, larger single office space with. Suitable for 3-4 people. Available October 1, 2025.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
10th Floor, Ste 1020
| Size | 621 SF |
| Term | 5 Years |
| Rental Rate | $41.52 /SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rent $2,150 Unique opportunity for turn-key office space with incredible views of downtown and Salem’s Riverfront. One larger office remains on the perimeter of the space with expansive windows. Nice reception/waiting area, conference room, break room, and interior open workspaces.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Space is in Excellent Condition
10th Floor, Ste Suite 1030
| Size | 261 SF |
| Term | Negotiable |
| Rental Rate | $32.16 /SF/YR |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Monthly Rent $700 until December 31, 2025 Entire floor recently underwent a remodel, creating executive suites on a portion of the floor that includes a shared lobby with seating. Rent starting at $700/MO through December 31, 2025 and is $721/MO from 01.01.26 to 12.31.26.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
- Space is in Excellent Condition
PROPERTY OVERVIEW
Multiple options exist to locate your business in the Capitol Tower. Located at the corner of State and Liberty with direct skybridge access from Liberty Parkade, this iconic building has undergone significant capital improvements and upgrades. Landlord has created a shared conference room that tenants can use for two hours per month at no additional charge and can be booked for a reasonable hourly rate beyond that. Shared break room with vending machines and a mail station round out the common area amenities in this building. AMENITIES There is a common break room and conference room on the fourth floor for tenant use. The conference room is booked online first-come, first-served and each tenant receives two hours per month included with their lease rate. Additional hours can be booked for a fee. The Landlord provides coffee/tea service for conference room users. Additionally, there is a federal express and UPS mail station on the 2nd floor. Finally, there is direct access from the building to Liberty Parkade, which is city-owned and operated. Employees can park there with a permit and walk directly into the building.
- 24 Hour Access
- Banking
- Bus Line
- Property Manager on Site
- Signage
- Air Conditioning
PROPERTY FACTS
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Capitol Tower | 388 State St
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