Salem, Oregon, is an attractive location for businesses seeking to establish a strong presence in the region, with a diverse range of amenities, infrastructure, and educational institutions that make it an ideal spot for a Retail Space For Lease. The city's central location in the Willamette Valley, along with its government presence, cultural attractions, and vibrant downtown area, create a unique environment that supports business growth. With a population of around 180,000, Salem offers a sizable customer base for retailers. The city is home to institutions like Willamette University, Corban University, and Chemeketa Community College, which attract students and faculty who contribute to the local economy. Additionally, Salem's proximity to major highways, including Interstate 5, Oregon Route 99E, and Oregon Route 22, ensures easy access to the city and its surroundings. The city's airport, McNary Field, and the Salem Amtrak station provide further connectivity to the region.
With 63 Retail Space listings available For Lease in Salem, businesses can find the perfect location to suit their needs. The average annual rent per square foot for Retail Space in Salem is $23 USD, with sizes ranging from 85 square feet to 99,313 square feet. Salem's diverse economy, which includes healthcare, education, agriculture, and government, creates a strong demand for Retail Space. In addition to Retail Space, Salem also offers other property types, such as Restaurants, which benefit from the city's vibrant downtown area and cultural attractions; Medical Offices, which are supported by the presence of Salem Hospital Regional Health Services; and Office Space, which cater to the needs of businesses in the government and education sectors. With its unique blend of amenities, infrastructure, and economic sectors, Salem is an attractive location for businesses seeking to establish a strong presence in the region.
What is the average cost per square foot for retail space in Salem?
The average cost per square foot for retail space in Salem is $23 USD per square foot, with available listings totaling 63 and average space sizes ranging from 3,343 square feet to a maximum of 99,313 square feet.
How do anchor tenants affect surrounding retail space leases?
An anchor tenant, such as a large department store or grocery chain, can significantly impact surrounding retail space leases in Salem, Oregon, as their presence can increase foot traffic and attract other businesses, leading to higher demand and potentially higher rent prices for nearby retail spaces, with the average annual rent per square foot being $23 USD and average size of 3,343 square feet, and maximum space size of 99,313 square feet.
