Golden Valley Office Market Trends

Office Rental Market

  • $27.30 2019 Avg. Asking Rent
  • 27.56 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Golden Valley was $27.30 per square foot, and the office vacancy rate across the market averaged 27.56 %. During 2019, developers added 0 square feet of new office space to the Golden Valley market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Golden Valley Class A Office Buildings$33.29
  • Golden Valley Class B Office Buildings$25.25
  • MN Class A Office Buildings$29.88
  • MN Class B Office Buildings$23.11
  • MN Class C Office Buildings$17.91

Golden Valley, MN Office Asking Rents by Class

OFFICE CONSTRUCTION IN Golden Valley, MN

  • Golden Valley, MN Total Sqft completed in 2019 0
  • Golden Valley, MN Total Sqft under construction in 2020 0
10 Largest Office Buildings in Golden Valley
Building name Address Total Sqft Year built
General Mills World Headquarters 1 General Mills Blvd, 55426 885,000 1957
Allianz Corporate Campus 5701 Golden Hills Drive, 55416 695,662 2000
General Mills James Ford Bell Research Center 9000 Plymouth Avenue North, 55427 690,000 1958
The Colonnade 5500 Wayzata Blvd, 55416 356,349 1988
Golden Valley Business Center 6300 Olson Memorial Hwy, 55427 340,258 1958
Golden Hills Office Center 701 Xenia Avenue, 55416 190,758 2000
Mortenson Company Headquarters 700 Meadow Lane North, 55422 185,000 1980
Westwood Lake Office Park 8441 Wayzata Blvd, 55426 128,000 1974
General Mills - Bassett Creek 201 General Mills Blvd, 55426 92,400 1998
Golden Hills Business Park I 5900 Golden Hills Drive, 55146 91,368 1996
Largest Office Properties Recently Completed in Golden Valley
Office building Address Sqft Completed
Westwood Lake Office Building 8325 Wayzata Blvd, 55426 26,000 2008
Valley Plaza 4800 Olson Memorial Hwy, 55422 30,992 2003
Allianz Corporate Campus 5701 Golden Hills Drive, 55416 695,662 2000
Golden Hills Office Center 701 Xenia Avenue, 55416 190,758 2000
Golden Hills Business Park II 6100 Golden Hills Drive, 55146 79,300 1999
Golden Hills Business Park III 6105 Golden Hills Drive, 55416 71,578 1999
Golden Valley Professional Center 820 Lilac Drive North, 55422 31,472 1998
Golden Hills Business Park I 5900 Golden Hills Drive, 55146 91,368 1996
4200 Dahlberg Drive 4200 Dahlberg Drive, 55422 47,328 1993
Wirth Corporate Center 4150 Olson Memorial Hwy, 55422 74,568 1990
Data provided by Commercial Edge

Office Spaces for Rent in Minnesota

GOLDEN VALLEY OFFICE SALES TRENDS

  • $188.342019 Avg. Price per Sqft
  • 0.00 %Y-o-Y Avg. PpSF Change
  • $59.5M2019 Office Sales Volume
  • 32019 Number of Transactions

In 2019, office sales in Golden Valley averaged $188.34 per square foot. This marked a 0.00 % increase in office price per square foot, compared to the previous year. A total of 3 office sales closed on the Golden Valley office market in 2019, amounting to a total sales volume of $59.5M.

Average Office Sale Price per Sqft

Golden Valley, MN Sales Trends

  • Golden Valley Price per Sqft$188.34
  • Minnesota Price per Sqft$156.96

Office Sales - Trend and Volume

  • Golden Valley, MN Total Office Sales Volume in 2019 $59.5M
  • Golden Valley, MN Total Number of Office Sales Closed in 2019 3

Largest Golden Valley Office Sales in 2019

Property name Address Date Price
Golden Hills Office Center 701 Xenia Avenue 11/5/2019 $43,100,000
General Mills - Bassett Creek 201 General Mills Blvd 4/2/2019 $13,000,000
Professional 100 Building 1405 Lilac Drive North 4/15/2019 $3,350,000
Data provided by Commercial Edge

See trends for nearby markets

The Golden Valley office market contains an inventory of 4,107,139 square feet of office space, in 36 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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 CommercialEdge can guarantee that the information provided is complete.