Highlights
- The average rent for office space in Minnetonka is $25.45 per square foot, 14.25% higher compared to the previous year.
- The market’s vacancy rate stands at 23.55%, higher than the state average of Minnesota, which is 16.11%.
2025 Office Space Rent & Sales
- $25.45 2025 Avg. Asking Rent
- 14.25% Y-o-Y Avg. Asking Rent Change
- 23.55% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Minnetonka?
Average asking rents for office space here stand at $25.45 per square foot. The local office market recorded an average vacancy rate of 23.55% in 2025, unchanged from 23.55% in 2024.
Minnetonka, 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 Minnetonka?
The largest recent office completion here is Carlson World Headquarters at 313,495 square feet, completed in 1988. The next largest completions are 601 Tower at Carlson and Crescent Ridge Corporate Center I.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Minnetonka Crossings | 6001 Shady Oak Rd, 55343 | 29,197 | 2007 |
| Crescent Ridge Corporate Center I | 11100 Wayzata Blvd, 55305 | 265,489 | 1999 |
| Crescent Ridge Corporate Center I | 11100 Wayzata Blvd, 55305 | 272,723 | 1998 |
| 12700 Whitewater Drive | 12700 Whitewater Drive, 55343 | 149,719 | 1997 |
| Pondview Plaza | 5850 Opus Pkwy, 55343 | 122,183 | 1997 |
| 12600 Whitewater Dr Bldg | 12600 Whitewater Dr, 55343 | 73,000 | 1997 |
| Carlson World Headquarters | 701 Carlson Pkwy, 55305 | 313,495 | 1988 |
| 601 Tower at Carlson | 601 Carlson Pkwy, 55305 | 283,233 | 1988 |
| Minnetonka Corporate Campus II&III | 12800-12900 Whitewater Drive, 55343 | 157,496 | 1987 |
| Baker Road Corporate Center - 4350 & 4400 Baker Road | 4400 Baker Road, 55343 | 167,190 | 1984 |
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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.