Highlights
- The average rent for office space in Golden Valley is $21.16 per square foot, 3.17% lower compared to the previous year.
- The market’s vacancy rate stands at 6.87%, lower than the state average of Minnesota, which is 16.11%.
2025 Office Space Rent & Sales
- $21.16 2025 Avg. Asking Rent
- -3.17% Y-o-Y Avg. Asking Rent Change
- 6.87% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Golden Valley?
Average asking rents for office space here stand at $21.16 per square foot. The local office market recorded an average vacancy rate of 6.87% in 2025, unchanged from 6.87% in 2024.
Golden Valley, 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.
What are the largest recent office completions in Golden Valley?
The largest recent office completion here is Golden Hills Office Center at 190,758 square feet, completed in 2000. The next largest completions are 2525 Nevada Ave N Suite 204 Golden Valley, MN 55427 and Valley Square Corporate Center.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Golden Hills Office Center | 701 Xenia Avenue, 55416 | 190,758 | 2000 |
| Valley Creek Office Park II | 8401 Golden Valley Road, 55427 | 48,000 | 1998 |
| 2525 Nevada Ave N Suite 204 Golden Valley, MN 55427 | 2525 Nevada Avenue North, 55427 | 90,000 | 1984 |
| Valley Square Corporate Center | 7500 Olson Memorial Highway, 55427 | 77,026 | 1984 |
| Golden Valley Corporate Center | 1710 Douglas Drive North, 55422 | 60,000 | 1965 |
See reports for other markets
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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.