Eagan Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $17.85 2024 Avg. Asking Rent
  • -3.94% Y-o-Y Avg. Asking Rent Change
  • 12.09% 2024 Office Vacancy Rate
  • $70.8M2024 Total Office Sales
  • $106.86Avg. Sale Price/SF

Eagan office price per square foot in 2024 was $17.85 on average. This marked a -3.94% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 12.09% across all asset classes combined. The 3 transactions that closed here throughout 2024 amounted to a total sale volume of $70.8M. Eagan office space commanded an average sale price per square foot of $106.86.

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

Eagan, MN Office Asking Rents by Class

Office Spaces for Rent in Minnesota

Eagan Office Sale Price per SF

  • $106.862024 Avg. Price per SF
  • -2.56%Y-o-Y Avg. PpSF Change
  • $70.8M2024 Office Sales Volume
  • 32024 Number of Transactions

Eagan, MN Sale Price per SF Trend

  • Eagan Avg. Sale Price per SF in 2024$106.86
  • Minnesota Avg. Sale Price per SF in 2024$84.32
Eagan office space cost in 2024 marked a -2.56% change compared to the previous year. The sale price for office space in Eagan averaged $106.86 per square foot in 2024, across all market subdivisions and asset classes. Conversely, the statewide Minnesota average office sale price during the same time period was $84.32 per square foot.

2024 Office Sales Volume

  • Eagan, MN Total Office Sales Volume in 2024 $70.8M
  • Eagan, MN Total Number of Office Sales Closed in 2024 3
A total of 3 deals closed on the Eagan office market in 2024, adding up to a yearly sales volume of $70.8M. Notably, the largest transaction on the market saw Spectrum Commerce Center change hands for $44,000,000 on 8/26/2024.
Data provided by Commercial Edge

Coworking Spaces in Minnesota

2024 Office Construction in Eagan, MN

Largest Office Properties Recently Completed in Eagan
Office building Address SF Completed
2100 Silver Bell Road 2100 Silver Bell Road, 55122 19,376 2018
Boulder Lakes Business Park III 3000 Ames Crossing Road, 55121 116,549 2007
Grand Oak Office IX & X 2805 Dodd Road, 55121 122,956 2006
1915 Plaza Drive 1915 Plaza Drive, 55122 47,589 2005
1915 Plaza Drive 1915 Plaza Drive, 55122 31,215 2005
3348 Sherman Ct #001 3348 Sherman Ct, 55121 2,210 2005
Waters Business Center V, VI & VII 2955 Lone Oak Drive, 55121 128,077 2004
1515 Central Parkway 1515 Central Pkwy, 55121 88,165 2003
1515 Central Pkwy 1515 Central Pkwy, 55121 84,408 2003
Grand Oak Office VII & VIII 2750 Blue Water Road, 55121 147,322 2002

Worth noting among recent office completions on the Eagan market is 2100 Silver Bell Road, which is currently the largest new office development in the city, at 19,376 square feet.

Data provided by Commercial Edge

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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 Eagan 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.