Highlights
- The average rent for office space in Edina is $30.97 per square foot, 0.37% higher compared to the previous year.
- The market’s vacancy rate stands at 18.15%, higher than the state average of Minnesota, which is 16.11%.
- 115,121 square feet is currently under construction.
2025 Office Space Rent & Sales
- $30.97 2025 Avg. Asking Rent
- 0.37% Y-o-Y Avg. Asking Rent Change
- 18.15% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Edina?
Average asking rents for office space here stand at $30.97 per square foot. The local office market recorded an average vacancy rate of 18.15% in 2025, unchanged from 18.15% in 2024.
Edina, 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.
Edina, MN Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Bloomington - Edina | $31.25 | 16.64% |
| St Louis Park - Golden Valley | $21.13 | 15.73% |
Office Construction in Edina, MN
- Edina, MN Total SF under construction in 2026 115,121
What are the largest recent office completions in Edina?
The largest recent office completion here is Centennial Lakes V at 220,048 square feet, completed in 2000. The next largest completions are Centennial Lakes IV and The Craftsman on France.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Craftsman on France | 7250 France Avenue South, 55435 | 136,000 | 2026 |
| 1118 Mainstreet | 1118 Mainstreet, 55343 | 25,275 | 2024 |
| Centennial Lakes V | 3600 Minnesota Drive, 55435 | 220,048 | 2000 |
| Centennial Lakes IV | 7650 Edinborough Way, 55435 | 209,000 | 1999 |
| Centennial Lakes III | 3601 West 76th Street, 55435 | 134,945 | 1999 |
| Centennial Lakes I | 7701 France Avenue South, 55435 | 129,614 | 1997 |
| Edinborough Corporate Center | 3300 Edinborough Way, 55435 | 101,568 | 1986 |
| Olympic Place | 7825 Washington Ave, 55439 | 111,540 | 1985 |
| Braemar Office Park II | 8000 West 78th Street, 55439 | 106,933 | 1983 |
| 7201 W. 78th Street | 7201 W. 78th Street, 55439 | 41,697 | 1983 |
See reports for other markets
- Minneapolis Office Rent Price
- St. Paul Office Rent Price
- Bloomington Office Rent Price
- Eden Prairie Office Rent Price
- Minnetonka Office Rent Price
- Plymouth Office Rent Price
- Eagan Office Rent Price
- Mendota Heights Office Rent Price
- Brooklyn Park Office Rent Price
- Golden Valley Office Rent Price
- San Antonio Office Rent Price
- Charlotte Office Rent Price
- Washington Office Rent Price
- Denver Office Rent Price
- Atlanta Office Rent Price
- Phoenix Office Rent Price
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.