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.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Burnsville Class B Office Space$25.56
- 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
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Office building | Address | SF | Completed |
---|---|---|---|
13959 W Preserve Blvd. | 13959 W Preserve Blvd., Suite 300, 55337 | 18,065 | 2004 |
SouthCross Commons | 3000 County Rd 42 W, 55337 | 40,628 | 2001 |
14480 Ewing Avenue South | 14480 Ewing Ave S, 55306 | 11,400 | 2000 |
Oak Ridge Professional Building | 625 East Nicollet Blvd, 55337 | 31,716 | 1999 |
13754 Frontier Court | 13754 Frontier Court, 55337 | 23,892 | 1998 |
Burnsville Medical Center | 14000 Nicollet Avenue South, 55337 | 48,000 | 1995 |
Nicollet Corporate | 12250 Nicollet Avenue, 55337 | 83,400 | 1989 |
303 & 305 Ridgeview | 303 East Nicollet Blvd, 55337 | 90,095 | 1987 |
Gateway Business Park I, II & III | 400 Gateway Blvd, 55337 | 172,000 | 1986 |
Burnsville Service Center | 150-172 Cobblestone Lane, 55337 | 37,000 | 1986 |
Worth noting among recent office completions on the Burnsville market is 13959 W Preserve Blvd., which is currently the largest new office development in the city, at 18,065 square feet.
See reports for other markets
- Minneapolis Office Rent Price
- St. Paul Office Rent Price
- Bloomington Office Rent Price
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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.