Salem, OR Retail Space for Lease

Search 63 retail listings in Salem, OR and find helpful local stats in the Market Overview section below.

River City Mall

1094 Lancaster Drive NE, East Lancaster, Salem, OR
Property

Retail

54,292 SF
Availability

3 Spaces

8,933 SF
Year Built

1979
For Lease

$24.00 - $25.00/SF/YR
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1010 Hawthorne Ave SE

1010 Hawthorne Ave SE, Southeast Salem, Salem, OR
Property

Retail

99,313 SF
Availability

1 Space

99,313 SF
Year Built

1992
For Lease Contact for pricing
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Keizer Station - Target

6450 Keizer Station Blvd NE, Keizer, OR
Property

Retail

121,535 SF
Availability

7 Spaces

56,012 SF
Year Built

2005
For Lease Contact for pricing
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Retail Space Rents in Salem, OR

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Salem asks $24.66 per square foot.

Retail Space Lease Types in Salem, OR

The most common type of lease agreement you’ll find here is NNN, with 35 space(s) available under this type of arrangement. The local market is also home to 7 retail space(s) offered under a Modified Gross lease agreement type, and 1 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Salem, OR

NNN 35
Modified Gross 7
Full Service 1

Average Size of Retail Space for Lease in Salem, OR

The average size for this type of rental opportunity in Salem is 1,000 sqft to 2,500 sqft. Currently, the local market offers 53 listing(s) within that size range. You can also search 45 listing(s) in the less than 1,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Salem, OR

Retail space in Salem comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 5 such space(s) available.  

Restaurant spaces listed for rent here have an average size of 2,722 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

The local market is also home to 1 space(s) listed as Street Retail. The average size you can expect to find for this category is 1,005 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

What’s more, you can find 1 listing(s) in the Freestanding category, currently available in the average size of 892 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Salem, OR, by Use Type

Restaurant

Street Retail

Freestanding

Average Retail Listing Size in Salem, OR, by Use Type

Restaurant

2,722 sq. ft.

Street Retail

1,005 sq. ft.

Freestanding

892 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Salem, OR

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Central Salem is your top choice for lease opportunities, as it is currently home to the highest number of listings — 44 retail space(s).

Salem’s second most popular area is South Gateway, where you can find 12 retail listing(s). The most likely type of space you can rent here is Strip Retail. If this is the kind of property you are looking for, you will find 5 listing(s) available here.

Southeast Salem is also among the best areas to search for your next commercial space. Here you can find 12 retail space(s) available for consideration by prospective tenants.

Top Locations to Lease Retail Space in Salem, OR

Central Salem

South Gateway

Southeast Salem

Morningside

North Lancaster

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

Data based on retail spaces listed for rent on CommercialSearch.com

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Salem, OR Retail Space for Lease

River City Mall

1010 Hawthorne Ave SE

Keizer Station - Target

Retail Space Rents in Salem, OR

Retail Space Lease Types in Salem, OR

Most Common Type of Lease for Retail Buildings in Salem, OR

Average Size of Retail Space for Lease in Salem, OR

Retail Space Types You Can Lease in Salem, OR

Number of Retail Spaces for Lease in Salem, OR, by Use Type

Average Retail Listing Size in Salem, OR, by Use Type

Top Locations to Lease Retail Space in Salem, OR

Top Locations to Lease Retail Space in Salem, OR

Key Factors to Consider When Choosing a Retail Space for Lease

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