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Capitol Tower 388 State St 252 - 12,281 SF of Office Space Available in Salem, OR 97301
Highlights
- Salem’s tallest building
- Janitorial included
- Suites ready for tenants now
- Conference and break room amenities
All Available Spaces(7)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
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.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Salem's tallest building
- Janitorial included
- On site parking for an additional fee
- Office intensive layout
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Suites ready for tenants now
- Conference and break room amenities
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.
- Office intensive layout
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Suites ready for tenants now
- Conference and break room amenities
- Space is in Excellent Condition
- Salem's tallest building
- Janitorial included
- On site parking for an additional fee
Monthly Rent $1,695/month Nice larger, three-suite office space. Suitable for professional office group.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Fully Built-Out as Standard Office
Monthly Rent $1,430/month Nice larger, three-suite office space. Suitable for professional office group.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Fully Built-Out as Standard Office
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.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Fully Built-Out as Standard Office
Monthly Rent: $2,605/month Nice larger, multiple-suite office space. Suitable for larger professional office group. Available April/May 2026.
- Rate includes utilities, building services and property expenses
- Space is in Excellent Condition
- Fully Built-Out as Standard Office
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.
- Rate includes utilities, building services and property expenses
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor, Ste 1stFloor | 3,924 SF | 5 Years | $24.21 CAD/SF/YR $2.02 CAD/SF/MO $94,999 CAD/YR $7,917 CAD/MO | Office | - | Pending |
| Mezzanine, Ste MEZZ | 3,044 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Office | - | Pending |
| 4th Floor, Ste 420 | 713 SF | Negotiable | $40.29 CAD/SF/YR $3.36 CAD/SF/MO $28,729 CAD/YR $2,394 CAD/MO | Office | Full Build-Out | Now |
| 4th Floor, Ste 470 | 530 SF | Negotiable | $45.71 CAD/SF/YR $3.81 CAD/SF/MO $24,227 CAD/YR $2,019 CAD/MO | Office | Full Build-Out | Now |
| 8th Floor, Ste 810 | 252 SF | Negotiable | $37.58 CAD/SF/YR $3.13 CAD/SF/MO $9,471 CAD/YR $789.27 CAD/MO | Office | Full Build-Out | Now |
| 9th Floor, Ste 975 | 1,175 SF | Negotiable | $37.58 CAD/SF/YR $3.13 CAD/SF/MO $44,161 CAD/YR $3,680 CAD/MO | Office | Full Build-Out | Now |
| 11th Floor, Ste 11th Floor | 2,643 SF | Negotiable | $50.79 CAD/SF/YR $4.23 CAD/SF/MO $134,237 CAD/YR $11,186 CAD/MO | Office | - | Now |
1st Floor, Ste 1stFloor
| Size |
| 3,924 SF |
| Term |
| 5 Years |
| Rental Rate |
| $24.21 CAD/SF/YR $2.02 CAD/SF/MO $94,999 CAD/YR $7,917 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Pending |
Mezzanine, Ste MEZZ
| Size |
| 3,044 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Pending |
4th Floor, Ste 420
| Size |
| 713 SF |
| Term |
| Negotiable |
| Rental Rate |
| $40.29 CAD/SF/YR $3.36 CAD/SF/MO $28,729 CAD/YR $2,394 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Floor, Ste 470
| Size |
| 530 SF |
| Term |
| Negotiable |
| Rental Rate |
| $45.71 CAD/SF/YR $3.81 CAD/SF/MO $24,227 CAD/YR $2,019 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
8th Floor, Ste 810
| Size |
| 252 SF |
| Term |
| Negotiable |
| Rental Rate |
| $37.58 CAD/SF/YR $3.13 CAD/SF/MO $9,471 CAD/YR $789.27 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
9th Floor, Ste 975
| Size |
| 1,175 SF |
| Term |
| Negotiable |
| Rental Rate |
| $37.58 CAD/SF/YR $3.13 CAD/SF/MO $44,161 CAD/YR $3,680 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
11th Floor, Ste 11th Floor
| Size |
| 2,643 SF |
| Term |
| Negotiable |
| Rental Rate |
| $50.79 CAD/SF/YR $4.23 CAD/SF/MO $134,237 CAD/YR $11,186 CAD/MO |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Floor, Ste 1stFloor
| Size | 3,924 SF |
| Term | 5 Years |
| Rental Rate | $24.21 CAD/SF/YR |
| Space Use | Office |
| Build-Out | - |
| Available | Pending |
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.
- Rate includes utilities, building services and property expenses
- Office intensive layout
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Salem's tallest building
- Suites ready for tenants now
- Janitorial included
- Conference and break room amenities
- On site parking for an additional fee
Mezzanine, Ste MEZZ
| Size | 3,044 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Office |
| Build-Out | - |
| Available | Pending |
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.
- Office intensive layout
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 6,968 SF of adjacent space
- Salem's tallest building
- Suites ready for tenants now
- Janitorial included
- Conference and break room amenities
- On site parking for an additional fee
4th Floor, Ste 420
| Size | 713 SF |
| Term | Negotiable |
| Rental Rate | $40.29 CAD/SF/YR |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,695/month Nice larger, three-suite office space. Suitable for professional office group.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
4th Floor, Ste 470
| Size | 530 SF |
| Term | Negotiable |
| Rental Rate | $45.71 CAD/SF/YR |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent $1,430/month Nice larger, three-suite office space. Suitable for professional office group.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
8th Floor, Ste 810
| Size | 252 SF |
| Term | Negotiable |
| Rental Rate | $37.58 CAD/SF/YR |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
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.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
9th Floor, Ste 975
| Size | 1,175 SF |
| Term | Negotiable |
| Rental Rate | $37.58 CAD/SF/YR |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Monthly Rent: $2,605/month Nice larger, multiple-suite office space. Suitable for larger professional office group. Available April/May 2026.
- Rate includes utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Space is in Excellent Condition
11th Floor, Ste 11th Floor
| Size | 2,643 SF |
| Term | Negotiable |
| Rental Rate | $50.79 CAD/SF/YR |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
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.
- Rate includes utilities, building services and property expenses
Property Overview
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.
- 24 Hour Access
- Banking
- Bus Line
- Property Manager on Site
- Signage
- Air Conditioning
Property Facts
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Capitol Tower | 388 State St
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