2024 Office Space Rent & Sales
- $30.86 2024 Avg. Asking Rent
- 16.08% 2024 Office Vacancy Rate
Edina office price per square foot in 2024 was $30.86 on average. The local office market recorded an average vacancy rate of 16.08% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Edina Class A & A+ Office Space$30.10
- Edina Class B Office Space$31.23
- Minnesota Class A & A+ Office Space$31.74
- Minnesota Class B Office Space$22.75
- Minnesota Class C Office Space$15.23
Edina, MN Office Asking Rents by Class
2024 Office Vacancy Rates in Edina
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Bloomington - Edina | $29.14 | 15.14% |
| St Louis Park - Golden Valley | $22.76 | 19.49% |
Office Spaces for Rent in Minnesota
Coworking Spaces in Minnesota
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 1118 Mainstreet | 1118 Mainstreet, 55343 | 25,275 | 2024 |
| Bhatti GI | 6500 Barrie Rd, 55435 | 54,660 | 2023 |
| Centennial Lakes V | 3600 Minnesota Drive, 55435 | 220,048 | 2000 |
| Centennial Lakes IV | 7650 Edinborough Way, 55435 | 209,000 | 1999 |
| Centennial Lakes III | 3601 West 76th Street, 55435 | 134,945 | 1999 |
| Centennial Lakes I | 7701 France Avenue South, 55435 | 129,614 | 1997 |
| Centennial Lakes II | 7601 France Avenue South, 55435 | 129,614 | 1997 |
| Centennial Lakes Medical Center | 7373 France Avenue South, 55435 | 101,165 | 1989 |
| Fairview Southdale Physicians Building | 6363 France Avenue South, 55435 | 70,934 | 1989 |
| Edinborough Corporate Center | 3300 Edinborough Way, 55435 | 101,568 | 1986 |
Worth noting among recent office completions on the Edina market is 1118 Mainstreet, which is currently the largest new office development in the city, at 25,275 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Edina commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.