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388 State St
Salem, OR 97301 Downtown Salem

$7,929 USD/MO

Loft Creative Space For Lease • 163+ SF

Property Details

Property Type Loft Creative Space
Year Built 1926
Total Building Size 51,751 SF
Tenancy Multiple
Building Class B
Zoning CB

61 Transit Score

81 Walk Score

9 Spaces Available

Name	Space Use	Size	Rent
1st Floor Ste 1stFloor	Office	3,924 SF	$17.16 USD/SF/YR
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. Date available: 30 Days Lease term: 5 Years Service type: Full Service Gross Space Type: Relet In Contiguous block: 6,968 SF
Mezz Floor Ste MEZZ	Office	3,044 SF	Rate Upon Request
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. Date available: 30 Days Lease term: Negotiable Service type: Negotiable Space Type: Relet In Contiguous block: 6,968 SF
3rd Floor Ste 350	Office	845 SF	$30.72 USD/SF/YR
Monthly Rent $2,164/month Nice, larger single office space with storage closet. Suitable for small professional office group. Available June 1, 2026. Date available: Jun 2026 Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet
7th Floor Ste 701	Office	248 SF	$27.48 USD/SF/YR
Monthly Rent $550/month Nice, larger single office space with. Suitable for 1-2 people. Date available: Now Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet
7th Floor Ste 706	Office	163 SF	$33.12 USD/SF/YR
Monthly Rent $450/month Solopreneur office suitable for professional office user. Date available: Now Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet
8th Floor Ste 810	Office	252 SF	$26.64 USD/SF/YR
Monthly Rent: $560/month Nice, larger single office space with. Suitable for 1-2 people. Can be combined with suite 820 to make a double office suite with 496 SF. Date available: Now Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet In Contiguous block: 496 SF
8th Floor Ste 820	Office	244 SF	$27.00 USD/SF/YR
Monthly Rent: $550/month Nice, larger single office space with. Suitable for 1-2 people. Can be combined with suite 810 to make a double office suite with 496 SF. Date available: Now Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet In Contiguous block: 496 SF
9th Floor Ste 975	Office	1,175 SF	$26.64 USD/SF/YR
Monthly Rent: $2,605/month Nice larger, multiple-suite office space. Suitable for larger professional office group. Available April/May 2026. Date available: May 2026 Lease term: Negotiable Service type: Full Service Gross Built out as: Standard Office Space Type: Relet
11st Floor Ste 11th Floor	Office	2,643 SF	$36.00 USD/SF/YR
Warm and inviting penthouse suite – the highest level of any building in Salem. Nice blend of private offices, conference space and common areas including an oversized breakroom/kitchen area with tons of natural light. New carpet and private restrooms. This is a must-see space. Available March 1, 2026. Date available: Now Lease term: Negotiable Service type: Full Service Gross Space Type: Relet

Description

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.

                
                    Highlights
                
                                Salem’s tallest building
                            
                                Suites ready for tenants now
                            
                                Janitorial included
                            
                                Conference and break room amenities

Property Flyers

Capitol Tower- 2026 Feb- Brochure

Amenities

24 Hour Access
Banking
Bus Line
Property Manager on Site
Signage
Air Conditioning

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Ruth Dana 503-428-0243 First Commercial Real Estate

388 State St Salem, OR 97301 Downtown Salem