2023 Office Space Rent & Sales
- $25.56 2023 Avg. Asking Rent
- 10.87% 2023 Office Vacancy Rate
Burnsville office price per square foot in 2023 was $25.56 on average. The local office market recorded an average vacancy rate of 10.87% 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
Burnsville, 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 |
|---|---|---|---|
| Fairview Ridges Medical Office Building | 14101 Fairview Dr, 55337 | 123,857 | 2014 |
| American Business Center | 2960 Judicial Road, 55337 | 50,400 | 2007 |
| River Ridge Commerce Center | 12425 River Ridge Blvd, 55337 | 21,050 | 2007 |
| River Ridge Commerce Center | 12425 River Ridge Blvd, 55337 | 21,050 | 2007 |
| Southcross Commerce Center III | 14305 Southcross Drive West, 55306 | 68,000 | 2004 |
| 13959 W Preserve Blvd | 13959 W Preserve Blvd, 55337 | 18,065 | 2004 |
| SouthCross Commons | 3000 County Rd 42 W, 55337 | 40,628 | 2001 |
| Southcross Commons | 3000 County Road 42 West, 55337 | 30,000 | 2001 |
| Oak Ridge Professional Building | 625 East Nicollet Blvd, 55337 | 31,716 | 1999 |
| McAndrew Commons | 13786 Frontier Ct, 55337 | 7,787 | 1999 |
Worth noting among recent office completions on the Burnsville market is Fairview Ridges Medical Office Building, which is currently the largest new office development in the city, at 123,857 square feet.
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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 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 Burnsville 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.