Eagan Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Eagan is $21.74 per square foot, 21.78% higher compared to the previous year.
  • The average sale price for office space in Eagan is $66.45 per square foot, marking an increase of 15.85% compared to 2024.
  • The market’s vacancy rate stands at 11.05%, lower than the state average of Minnesota, which is 16.11%.

2025 Office Space Rent & Sales

  • $21.74 2025 Avg. Asking Rent
  • 21.78% Y-o-Y Avg. Asking Rent Change
  • 11.05% 2025 Office Vacancy Rate
  • $120.8M2025 Total Office Sales
  • $66.45Avg. Sale Price/SF

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

Average asking rents for office space here stand at $21.74 per square foot. The local office market recorded an average vacancy rate of 11.05% in 2025, unchanged from 11.05% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $120.8M across 7 sales. These transactions commanded an average sale price per square foot of $66.45.

Eagan, MN Office Asking Rents by Class

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.

Explore Top Office Markets in Minnesota

2025 Office Sales Volume

  • $66.452025 Avg. Price per SF
  • 15.85%Y-o-Y Avg. PpSF Change
  • $120.8M2025 Office Sales Volume
  • 72025 Number of Transactions

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

Average sale prices for office space in this market recorded a +15.85% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $66.45 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.

Eagan, MN Sale Price per SF Trend

  • Eagan Avg. Sale Price per SF in 2025$66.45
  • Minnesota Avg. Sale Price per SF in 2025$99.93

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

The local office market recorded 7 deals in 2025, adding up to a yearly sales volume of $120.8M.

  • Eagan, MN Total Office Sales Volume in 2025 $120.8M
  • Eagan, MN Total Number of Office Sales Closed in 2025 7
Data provided by Yardi Research

Office Construction in Eagan, MN

What are the largest recent office completions in Eagan?

The largest recent office completion here is Grand Oak Office VII & VIII at 147,322 square feet, completed in 2002. The next largest completions are Waters Business Center III & IV and Waters Business Center V, VI & VII.

Office building Address SF Completed
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
Waters Business Center V, VI & VII 2955 Lone Oak Drive, 55121 128,077 2004
Grand Oak Office VII & VIII 2750 Blue Water Road, 55121 147,322 2002
Dakota Valley Professional Building 2130 Cliff Road, 55122 15,400 2001
Waters Business Center III & IV 2945 Lone Oak Drive, 55121 131,243 2000
Riverpoint Office Center 1715 Yankee Doodle Rd, 55121 118,978 2000
Grand Oak Office III & IV 930 Blue Gentian Road, 55121 111,441 2000
Schwieters Medical Building 2781 Pilot Knob Rd, 55121 3,040 2000
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.