Salem, MA Conventional Restaurants for Lease
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Salem, MA Conventional restaurants Lease Rates & Market Statistics
Explore 7 Conventional restaurants for lease in Salem, MA on Realmo, a commercial real estate exchange covering the Salem area. The current inventory totals 18,848 square feet of properties.
Asking lease rates for Conventional restaurants in Salem start at $26 SF/Yr, average $28.50 SF/Yr, and reach $33 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $28.50 SF/Yr is 23% below the Massachusetts state average of $37.09 SF/Yr.
Salem accounts for 37% of the 19 conventional restaurants currently available across Essex County, where nearby markets include North Andover and Gloucester. Conventional restaurants make up 88% of the 8 Restaurants currently for lease in Salem, with asking rates averaging $28.50 SF/Yr — 12% above the citywide Restaurants average of $25.36 SF/Yr.
