2023 Office Space Rent & Sales
- $18.66 2023 Avg. Asking Rent
- 2.30% Y-o-Y Avg. Asking Rent Change
- 19.65% 2023 Office Vacancy Rate
Mendota Heights office price per square foot in 2023 was $18.66 on average. This marked a +2.30% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 19.65% 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
2023 Average Office Rent per Square Foot
- Minnesota Class A & A+ Office Space$31.15
- Minnesota Class B Office Space$23.44
- Minnesota Class C Office Space$26.99
Mendota Heights, MN Office Asking Rents by Class
Office Spaces for Rent in Minnesota
Coworking Spaces in Minnesota
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Waters Drive Business Park | 2203-2313 Waters Dr, 55120 | 10,294 | 2010 |
| Mendota Office Center III | 1210 Northland Drive, 55120 | 60,000 | 2000 |
| Mendota Office Center II | 1270 Northland Drive, 55120 | 90,000 | 1999 |
| Mendota Office Center I | 1250 Northland Drive, 55120 | 60,000 | 1998 |
| MSP Corporate Center I & II | 1285 & 1295 Northland Drive, 55120 | 140,000 | 1994 |
| Mendota Heights Business Center | 2520 Pilot Knob Road, 55120 | 71,631 | 1984 |
| Mendota Corporate Centre | 1110 Centre Pointe Curve, 55120 | 107,475 | 1971 |
Worth noting among recent office completions on the Mendota Heights market is Waters Drive Business Park, which is currently the largest new office development in the city, at 10,294 square feet.
See reports for other markets
- Minneapolis Office Rent Price
- St. Paul Office Rent Price
- Bloomington Office Rent Price
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- Eden Prairie Office Rent Price
- Minnetonka Office Rent Price
- Houston Office Rent Price
- Manhattan Office Rent Price
- Chicago Office Rent Price
- Seattle Office Rent Price
- Phoenix Office Rent Price
- San Diego Office Rent Price
- Los Angeles Office Rent Price
- Denver Office Rent Price
- Austin Office Rent Price
- Washington Office Rent Price
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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Mendota Heights 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.