Edina Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $30.86 2024 Avg. Asking Rent
  • 16.08% 2024 Office Vacancy Rate

Edina office price per square foot in 2024 was $30.86 on average. The local office market recorded an average vacancy rate of 16.08% across all asset classes combined.

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

  • Edina Class A & A+ Office Space$30.10
  • Edina Class B Office Space$31.23
  • Minnesota Class A & A+ Office Space$31.74
  • Minnesota Class B Office Space$22.75
  • Minnesota Class C Office Space$15.23

Edina, MN Office Asking Rents by Class

2024 Office Vacancy Rates in Edina

Submarket Asking Rents Vacancy Rates
Bloomington - Edina $29.14 15.14%
St Louis Park - Golden Valley $22.76 19.49%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Edina market was 16.08% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Edina was 15.14% in the Bloomington - Edina submarket, while the highest office vacancy in the market was 19.49%, recorded in St Louis Park - Golden Valley.

Office Spaces for Rent in Minnesota

Coworking Spaces in Minnesota

Largest Office Properties Recently Completed in Edina
Office building Address SF Completed
The Craftsman on France 7250 France Avenue South, 55435 136,774 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

Worth noting among recent office completions on the Edina market is The Craftsman on France, which is currently the largest new office development in the city, at 136,774 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Edina 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 Yardi Research Data can guarantee that the information provided is complete.