Industrial Asset Stats by Salem Zip Code:   97301 Central Salem has a total of 6.6 million square feet of industrial buildings, and zero square feet currently under construction. The vacancy rate is tight at 1.9%, with rents averaging $9.15 annually – up 7.1% year over year. Sales are transacting at $88 per square foot, which is up 8.3% year over year. Investment transactions are taking place at an…

    Salem’s new Costco is complete, parking lots of our area’s shopping centers are largely full and our residents are seemingly back to normal following a Covid-induced slide in many retail sectors – particularly dining.   There’s certainly more than meets the eye, which has never been more true than now in the retail sector of commercial real es…

CURT ARTHUR, SIOR 

OFFICE MARKET | SVN COMMERCIAL ADVISORS LLC 

Office absorption in Salem turned sharply negative during the pandemic-induced second and third quarters of 2020. Since then, sharp swings in occupancy have been prevalent, as tenants sort out space needs heading into the post-pandemic era. In Q2, 2021, the bulk of the leasing ac…