Plymouth Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Plymouth is $25.04 per square foot, 0.85% lower compared to the previous year.
  • The average sale price for office space in Plymouth is $143.82 per square foot, marking an increase of 7.05% compared to 2024.
  • The market’s vacancy rate stands at 13.02%, lower than the state average of Minnesota, which is 16.11%.

2025 Office Space Rent & Sales

  • $25.04 2025 Avg. Asking Rent
  • -0.85% Y-o-Y Avg. Asking Rent Change
  • 13.02% 2025 Office Vacancy Rate
  • $69.1M2025 Total Office Sales
  • $143.82Avg. Sale Price/SF

What is the average asking rent price for office space in Plymouth?

Average asking rents for office space here stand at $25.04 per square foot. The local office market recorded an average vacancy rate of 13.02% in 2025, unchanged from 13.02% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $69.1M across 5 sales. These transactions commanded an average sale price per square foot of $143.82.

Plymouth, 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.

Explore Top Office Markets in Minnesota

2025 Office Sales Volume

  • $143.822025 Avg. Price per SF
  • 7.05%Y-o-Y Avg. PpSF Change
  • $69.1M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Plymouth?

Average sale prices for office space in this market recorded a +7.05% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $143.82 per square foot. For comparison, the statewide Minnesota average during the same time period stood at $99.93 per square foot, while the national average was $182.48 per square foot.

Plymouth, MN Sale Price per SF Trend

  • Plymouth Avg. Sale Price per SF in 2025$143.82
  • Minnesota Avg. Sale Price per SF in 2025$99.93

What was the total office sales volume in Plymouth in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $69.1M.

  • Plymouth, MN Total Office Sales Volume in 2025 $69.1M
  • Plymouth, MN Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

2025 Office Construction in Plymouth, MN

  • Plymouth, MN Total SF completed in 2025 80,000

How much office space was built in Plymouth in 2025?

80,000 square feet of new office space was delivered across the market in the previous year. New construction included 1 properties, with an average new property size of 80,000 square feet.

What are the largest recent office completions in Plymouth?

The largest recent office completion here is 6000 Nathan Lane North at 182,250 square feet, completed in 1999. The next largest completions are 9800 59th Avenue North and Plymouth Woods Office Center.

Office building Address SF Completed
9605 Schmidt Lake Road, Plymouth, MN 9605 Schmidt Lake Road, 55442 10,040 2014
9800 59th Avenue North 9800 59th Avenue North, 55442 159,084 2006
9655 Schmidt Lake Rd 9655 Schmidt Lake Rd, 55442 15,125 2006
Town Center Office Plaza 3555 Plymouth Blvd, 55447 56,160 2004
Plymouth City Center I 15650 36th Ave N, 55446 20,765 2001
Wings Financial Plymouth 3455 Plymouth Blvd, 55447 13,033 2001
6000 Nathan Lane North 6000 Nathan Lane North, 55442 182,250 1999
Plymouth Woods Office Center 3300 Fernbrook Ln, 55447 85,232 1998
5480 Nathan Lane North 5480 Nathan Lane North, 55442 64,972 1995
Plymouth Professional II 9800 Rockford Road, 55442 22,844 1993
Data provided by Yardi Research

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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.