Industrial Asset Stats by Salem Zip Code
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…
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Marco Polo Restaurant Changing Ownership after 21 years
Mortgage bonds cool down.
Commercial Real Estate: Retail in Salem by Zip Code
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…
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2021 Office Market Recap
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…