2022 Office Space Rent & Sales
- $19.13 2022 Avg. Asking Rent
- -4.72% Y-o-Y Avg. Asking Rent Change
- 14.36% 2022 Office Vacancy Rate
- $22.5M2022 Total Office Sales
- $89.55Avg. Sale Price/SF
Brooklyn Center office price per square foot in 2022 was $19.13 on average. This marked a -4.72% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.36% across all asset classes combined. The 3 transactions that closed here throughout 2022 amounted to a total sale volume of $22.5M. Brooklyn Center office space commanded an average sale price per square foot of $89.55.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Brooklyn Center Class B Office Space$19.13
- Minnesota Class A & A+ Office Space$31.34
- Minnesota Class B Office Space$22.45
- Minnesota Class C Office Space$17.93
Brooklyn Center, MN Office Asking Rents by Class
Brooklyn Center Office Sale Price per SF
- $89.552022 Avg. Price per SF
- -8.12%Y-o-Y Avg. PpSF Change
- $22.5M2022 Office Sales Volume
- 32022 Number of Transactions
Brooklyn Center, MN Sale Price per SF Trend
- Brooklyn Center Avg. Sale Price per SF in 2022$89.55
- Minnesota Avg. Sale Price per SF in 2022$141.49
2022 Office Sales Volume
- Brooklyn Center, MN Total Office Sales Volume in 2022 $22.5M
- Brooklyn Center, MN Total Number of Office Sales Closed in 2022 3
Largest Brooklyn Center Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Concorde Executive Center | 6160 Summit Drive North | 12/2/2022 | $11,400,000 |
Freeway Business Center III | 6701 Parkway Circle | 4/27/2022 | $7,282,000 |
Shingle Creek Plaza | 5910 Shingle Creek Pkwy | 8/2/2022 | $3,800,000 |
Coworking Spaces in Minnesota
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Office building | Address | SF | Completed |
---|---|---|---|
2800 Freeway Blvd | 2800 Freeway Blvd, 55430 | 7,000 | 1988 |
6200 Shingle Creek Pkwy | 6200 Shingle Creek Pkwy, 55430 | 113,450 | 1986 |
Concorde Executive Center | 6160 Summit Drive North, 55430 | 104,063 | 1986 |
6160 Summit | 6160 Summit Drive, 55430 | 103,539 | 1986 |
Earle Brown Plaza | 6040 Earle Brown Drive, 55430 | 54,100 | 1972 |
Brookdale Towers | 5701 Shingle Creek Pkwy, 55430 | 63,000 | 1971 |
Brookdale West | 5901 Brooklyn Blvd, 55429 | 20,305 | 1968 |
4810 Lilac Drive North | 4810 Lilac Drive North, 55429 | 43,000 | 1957 |
Worth noting among recent office completions on the Brooklyn Center market is 2800 Freeway Blvd, which is currently the largest new office development in the city, at 7,000 square feet.
See reports for other markets
- Minneapolis Office Rent Price
- St. Paul Office Rent Price
- Bloomington Office Rent Price
- Edina Office Rent Price
- Eden Prairie Office Rent Price
- San Francisco Office Rent Price
- Denver Office Rent Price
- Charlotte Office Rent Price
- Miami Office Rent Price
- Austin Office Rent Price
- Chicago Office Rent Price
- New York City Office Rent Price
- Los Angeles Office Rent Price
- Phoenix Office Rent Price
- Houston Office Rent Price
- Seattle 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Brooklyn Center 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.