Salem, OR
Commercial Real Estate Market Trends & Data

$213 Avg asking sale price
$74 Avg asking lease rate
14,389 SF Avg unit lease size
24,439 SF Avg building size for sale
6.64% Average cap rate

Salem's Demographic Profile

Salem has 66,466 households and a median income of $65,661, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 179,331
# Households 66,466
Median age 38
Median household income $65,661
Avg household size 3.0
Renter-occupied housing units 28,975
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Salem, OR

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Salem $263 17,339 SF 9.00%
Keizer $283 8,953 SF 6.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Salem $136 37,827 SF 7.50%
Keizer $168 45,249 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Salem $165 25,132 SF
Independence $155 5,863 SF
Mount Angel $143 5,513 SF
Woodburn $392 12,485 SF
Amity $185 2,048 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Salem $203 27,848 SF 6.61%
Keizer $223 49,961 SF 6.20%
Woodburn $225 21,600 SF 6.43%
Dallas $305 16,224 SF 5.37%

Commercial Properties For Sale in Salem

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

216-222 Commercial St NE

Salem, OR 97301

  • 5,900 SF Retail Building
  • $1,190,000
For Sale

133-143 Friendship Ave SE

Salem, OR 97302

  • 6,679 SF Multifamily
  • $950,000
For Sale

Cottage Courts

Salem, OR 97301

  • 9,570 SF Office Building
  • 7.15% Cap Rate
  • $1,600,000
For Sale

1515 - 1535 Liberty St SE

Salem, OR 97302

  • 8,708 SF Office Building
  • $1,521,000
For Sale

2995 Ryan Dr SE

Salem, OR 97301

  • 22,751 SF Office Building
  • 7.00% Cap Rate
  • $7,200,000
For Sale

Industrial Yard & Office

Salem, OR 97301

  • 3,480 SF Industrial Building
  • 7.50% Cap Rate
  • $641,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Salem pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Salem $213 24,439 SF
Keizer $202 30,651 SF
Aumsville $393 2,092 SF

Regional Demographic Comparison

This comparison places Salem alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Salem or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Salem 179,331 66,466 38 $65,661 3 28,975 3%
Keizer 39,274 14,608 39 $72,001 3 5,716 1%
Brooks 548 184 40 $85,416 3 50 -1%
Turner 3,072 1,138 45 $104,443 3 205 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Salem, OR and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Salem

View All Commercial Real Estate For Sale in Salem
Is Salem a good market for a first-time commercial real estate investor?

Salem offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Salem?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Salem. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Salem?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Salem. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Salem compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Salem. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Salem acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Salem, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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