Commercial Real Estate Market in Salem, NH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 898 off-market properties in Salem, NH. Commercial property asks $950/SF to buy and $19.17/SF/Yr to lease.
Market Trends
Salem, NH spans 24.8 square miles in Rockingham County, New Hampshire. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Salem, NH runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Salem, NH runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Salem, NH runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Salem, NH asks $365/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.3%
- Industrial 13.6%
- Open space 3.3%
- Civic 1.8%
- Commercial 1%
Largest Zones share of zoned land by district
Rural
Residential
Commercial Industrial B
Commercial Industrial C
Recreational
Salem, NH zones 15,745 acres across 13 districts. Commercial zoning covers 1% of zoned land, residential 80.3%, open space 3.3% and industrial 13.6%. The largest single district is Rural at 48.4%. For commercial buyers the practical constraint is that only 14.6% of land carries a commercial or industrial designation.
Rural (RU)
The intent of this zone is to promote the preservation of open space, agricultural activities, and low-density residential development in sensitive environmental areas
Market overview
Demographics & Economy
Salem, NH has 30,095 residents in 13,511 households. Density runs 1,211 people per square mile. Median household income here is $101,339 and median gross rent $1,487 a month.
30,095
Population
13,511
Households
2.2
Avg Household Size
46
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
1,211
Density / Sq Mi
$101,339
Median Household Income
$59,515
Median Earnings
$1,487
Median Rent
$438,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Windham | — | $22.36 |
| Atkinson | — | — |
| Methuen | — | $25.10 |
| Hampstead | — | $22.08 |
Commercial property in Salem, NH asks $950/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Salem?
Commercial property in Salem, NH asks an average of $950 per square foot. The 6 most recent recorded sales traded at a median of $368/SF, so asking sits 158% above the achieved median. Multifamily carries the highest asking price at $365/SF.
How much does it cost to lease commercial space in Salem?
Asking lease rates in Salem, NH average $19.17 per square foot per year.
What zoning applies to commercial property in Salem?
Salem, NH zones 15,745 acres across 13 districts, of which 1% is commercial and 13.6% industrial. The largest single district is Rural at 48.4% of zoned land. The intent of this zone is to promote the preservation of open space, agricultural activities, and low-density residential development in sensitive environmental areas Residential zoning covers 80.3% and open space 3.3%.
Where does Realmo's Salem market data come from?
Realmo compiles Salem, NH figures from 7 recent recorded sales, 23 active sale listings, 30 active lease listings, 898 tracked off-market properties, the current Salem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 30 active for-lease listings in Salem, NH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 15,745 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
