Bloomington Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Bloomington is $28.91 per square foot, 7.80% higher compared to the previous year.
  • The market’s vacancy rate stands at 15.46%, lower than the state average of Minnesota, which is 16.11%.

2025 Office Space Rent & Sales

  • $28.91 2025 Avg. Asking Rent
  • 7.80% Y-o-Y Avg. Asking Rent Change
  • 15.46% 2025 Office Vacancy Rate
  • $25M2025 Total Office Sales
  • $28.74Avg. Sale Price/SF

What is the average asking rent price for office space in Bloomington?

Average asking rents for office space here stand at $28.91 per square foot. The local office market recorded an average vacancy rate of 15.46% in 2025, unchanged from 15.46% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $25M across 5 sales. These transactions commanded an average sale price per square foot of $28.74.

Bloomington, MN Office Asking Rents by Class

What is the average office rent per square foot by property class in Bloomington?

  • Avg. Asking Rent Class A & A+$35.30
  • Avg. Asking Rent Class B$19.51

What is the average office rent per square foot by property class in MN?

  • Avg. Asking Rent Class A & A+$31.62
  • Avg. Asking Rent Class B$23.93
  • Avg. Asking Rent Class C$17.72

For comparison, the average rent for Class A and A+ office space in Minnesota was $31.62 per square foot. The state-wide average for Class B space was $23.93 per square foot, and Class C office spaces averaged $17.72 per square foot.

Bloomington, MN Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Bloomington was Airport at 12.62%. Meanwhile, the highest office vacancy rate in the market was 16.64%, recorded in Bloomington - Edina.
Submarket Asking Rents Vacancy Rates
Bloomington - Edina $31.25 16.64%
Airport $19.04 12.62%
Data provided by Yardi Research

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2025 Office Sales Volume

  • $28.742025 Avg. Price per SF
  • $25M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Bloomington?

Average sale prices for office space in this market recorded a -63.05% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $28.74 per square foot. For comparison, the statewide Minnesota average during the same time period stood at $99.93 per square foot, while the national average was $182.48 per square foot.

Bloomington, MN Sale Price per SF Trend

  • Bloomington Avg. Sale Price per SF in 2025$28.74
  • Minnesota Avg. Sale Price per SF in 2025$99.93

What was the total office sales volume in Bloomington in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $25M.

  • Bloomington, MN Total Office Sales Volume in 2025 $25M
  • Bloomington, MN Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

2025 Office Construction in Bloomington, MN

  • Bloomington, MN Total SF completed in 2025 139,000

How much office space was built in Bloomington in 2025?

139,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 139,000 square feet.

What are the largest recent office completions in Bloomington?

The largest recent office completion here is Mall of America at 1,233,880 square feet, completed in 1990. The next largest completions are Normandale 8500 Tower and Normandale 8400 Tower.

Office building Address SF Completed
Normandale 8200 Tower 5600 W 83rd St, 55437 274,050 2009
Two MarketPointe 4400 West 78th Street, 55435 241,261 2007
Normandale 8000 Tower 8000 Norman Center Drive, 55437 240,000 2001
One Marketpointe 4300 Marketpointe Drive, 55435 238,371 2000
Norman Pointe 5601 Green Valley Drive, 55437 210,000 2000
Mall of America 2131 Lindau Lane, 55425 1,233,880 1990
Normandale 8500 Tower 8500 Normandale Lake Boulevard, 55437 484,290 1988
Minnesota Center 7760 France Avenue South, 55435 277,044 1986
Highland Bloomington 5270 West 84th Street, 55437 55,000 1986
Normandale 8400 Tower 8400 Normandale Lake Boulevard, 55437 421,000 1985
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.