2024 Office Space Rent & Sales
- $22.27 2024 Avg. Asking Rent
- 19.32% 2024 Office Vacancy Rate
Minnetonka office price per square foot in 2024 was $22.27 on average. The local office market recorded an average vacancy rate of 19.32% 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
- Minnesota Class A & A+ Office Space$31.74
- Minnesota Class B Office Space$22.75
- Minnesota Class C Office Space$15.23
Minnetonka, 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 |
|---|---|---|---|
| Crescent Ridge Corporate Center I | 11100 Wayzata Blvd, 55305 | 272,723 | 1998 |
| 12700 Whitewater Drive | 12700 Whitewater Drive, 55343 | 149,719 | 1997 |
| Pondview Plaza | 5850 Opus Pkwy, 55343 | 122,183 | 1997 |
| 12600 Whitewater Dr Bldg | 12600 Whitewater Dr, 55343 | 73,000 | 1997 |
| Carlson World Headquarters | 701 Carlson Pkwy, 55305 | 313,495 | 1988 |
| 601 Tower at Carlson | 601 Carlson Pkwy, 55305 | 283,233 | 1988 |
| Minnetonka Corporate Campus II&III | 12800-12900 Whitewater Drive, 55343 | 157,496 | 1987 |
| 12301 Whitewater Drive | 12301 Whitewater Drive, 55343 | 66,133 | 1985 |
| Baker Road Corporate Center - 4350 & 4400 Baker Road | 4400 Baker Road, 55343 | 167,190 | 1984 |
| Whitewater Office Center I & II | 12501 Whitewater Drive, 55343 | 146,493 | 1984 |
Worth noting among recent office completions on the Minnetonka market is Crescent Ridge Corporate Center I, which is currently the largest new office development in the city, at 272,723 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 Minnetonka 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.