2023 Office Space Rent & Sales
- $23.07 2023 Avg. Asking Rent
- 0.80% Y-o-Y Avg. Asking Rent Change
- 30.13% 2023 Office Vacancy Rate
Roseville office price per square foot in 2023 was $23.07 on average. This marked a +0.80% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 30.13% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Roseville Class A & A+ Office Space$24.16
- Roseville Class B Office Space$23.12
- Roseville Class C Office Space$19.74
- Minnesota Class A & A+ Office Space$31.15
- Minnesota Class B Office Space$23.44
- Minnesota Class C Office Space$26.99
Roseville, MN Office Asking Rents by Class
Average office rent in Roseville rested at $23.07 per square foot in 2023. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Roseville averaged $24.16 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.12 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $19.74 per square foot, on average. Comparably, statewide Minnesota average office rents by class in 2023 were: $31.15 per square foot for class A office space; $23.44 per square foot for class B office space; $26.99 per square foot for class C office space.
Coworking Spaces in Minnesota
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- Madison Coworking Space
2023 Office Construction in Roseville, MN
Office building | Address | SF | Completed |
---|---|---|---|
North Central Professional Center | 2680 Snelling Avenue North, 55113 | 35,474 | 2007 |
1912 Lexington Avenue N | 1912 Lexington Avenue N, 55113 | 7,000 | 2002 |
1835 West County Road C | 1835 West County Road C, 55113 | 70,670 | 1994 |
Roseville Office Plaza | 1970 Oakcrest Avenue, 55113 | 48,000 | 1985 |
2780 Snelling Avenue North | 2780 Snelling Avenue North, 55113 | 31,307 | 1982 |
Rosewood Office Plaza | 1711 West County Road B, 55113 | 58,000 | 1981 |
Rosedale Commerce | 2700 Snelling Ave N, 55113 | 231,685 | 1980 |
Rosedale Commerce | 2700 Snelling Ave N, 55113 | 231,685 | 1980 |
Roseville Central Office | 1801 County Road B W, 55113 | 23,316 | 1979 |
Rosedale Tower | 1700 West State Highway 36, 55113 | 90,000 | 1973 |
Worth noting among recent office completions on the Roseville market is North Central Professional Center, which is currently the largest new office development in the city, at 35,474 square feet.
See reports for other markets
- Minneapolis Office Rent Price
- St. Paul Office Rent Price
- Bloomington Office Rent Price
- Edina Office Rent Price
- Eden Prairie Office Rent Price
- Minnetonka Office Rent Price
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- Chicago Office Rent Price
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Roseville 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.