2024 Office Space Rent & Sales
- $21.85 2024 Avg. Asking Rent
- 9.07% 2024 Office Vacancy Rate
Golden Valley office price per square foot in 2024 was $21.85 on average. The local office market recorded an average vacancy rate of 9.07% 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
- Minnesota Class A & A+ Office Space$31.74
- Minnesota Class B Office Space$22.75
- Minnesota Class C Office Space$15.23
Golden Valley, MN Office Asking Rents by Class
Coworking Spaces in Minnesota
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| 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 |
| Valley Square Corporate Center | 7500 Olson Memorial Highway, 55427 | 77,026 | 1984 |
| Golden Valley Corporate Center | 1710 Douglas Drive North, 55422 | 60,000 | 1965 |
Worth noting among recent office completions on the Golden Valley market is Golden Hills Office Center, which is currently the largest new office development in the city, at 190,758 square feet.
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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 Golden Valley 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.