Eden Prairie Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.24 2024 Avg. Asking Rent
  • 24.97% 2024 Office Vacancy Rate
  • $36M2024 Total Office Sales
  • $65.16Avg. Sale Price/SF

Eden Prairie office price per square foot in 2024 was $24.24 on average. The local office market recorded an average vacancy rate of 24.97% across all asset classes combined. The 7 transactions that closed here throughout 2024 amounted to a total sale volume of $36M. Eden Prairie office space commanded an average sale price per square foot of $65.16.

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

Eden Prairie, MN Office Asking Rents by Class

Office Spaces for Rent in Minnesota

Eden Prairie Office Sale Price per SF

  • $65.162024 Avg. Price per SF
  • -47.62%Y-o-Y Avg. PpSF Change
  • $36M2024 Office Sales Volume
  • 72024 Number of Transactions

Eden Prairie, MN Sale Price per SF Trend

  • Eden Prairie Avg. Sale Price per SF in 2024$65.16
  • Minnesota Avg. Sale Price per SF in 2024$84.32
Eden Prairie office space cost in 2024 marked a -47.62% change compared to the previous year. The sale price for office space in Eden Prairie averaged $65.16 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

  • Eden Prairie, MN Total Office Sales Volume in 2024 $36M
  • Eden Prairie, MN Total Number of Office Sales Closed in 2024 7
A total of 7 deals closed on the Eden Prairie office market in 2024, adding up to a yearly sales volume of $36M. Notably, the largest transaction on the market saw Staring Lake Corporate Center - 13300 Pioneer Trail change hands for $6,800,000 on 2/23/2024.
Data provided by Commercial Edge

Coworking Spaces in Minnesota

Largest Office Properties Recently Completed in Eden Prairie
Office building Address SF Completed
Lone Oak Center 7890 - 7942 Mitchell Rd, 55344 39,133 2006
8873 Aztec Dr 8873 Aztec Dr, 55347 1,500 2003
Lariat Center III 8353 Crystal View Road | Eden Prairie, 55343 14,000 2002
Aztec Office Park 8921 Aztec Drive, 55347 40,544 2001
Prairieview Commons - Building A/B 13625 Technology Dr, 55344 279,952 2000
Prairieview Commons - Building A/B 13625 Technology Dr, 55344 279,952 2000
Prairieview Commons - Building C 13675 Technology Dr, 55344 193,823 2000
Prairieview Commons - Building C 13675 Technology Dr, 55344 193,823 2000
Prairieview Commons - Building A 13625 Technology Dr, 55344 120,116 2000
Lake Smetana Business Park 7615 Smetana Lane, 55344 93,444 2000

Worth noting among recent office completions on the Eden Prairie market is Lone Oak Center, which is currently the largest new office development in the city, at 39,133 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 Eden Prairie 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.