Commercial Real Estate Market in Austin, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 1,036 off-market properties in Austin, MN.
Market Trends
Austin, MN spans 188.0 square miles in Mower County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Austin, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Austin, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Austin, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Austin, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.7%
- Agricultural 16.8%
- Industrial 15.9%
- Commercial 9.7%
- Mixed use 3.5%
- Planned_development 0.4%
Largest Zones share of zoned land by district
Single Family Residential
Agriculture Recreation Conservation
Limited Industrial
Community Business
Industrial
Austin, MN zones 8,475 acres across 12 districts. Commercial zoning covers 9.7% of zoned land, residential 53.7% and industrial 15.9%. The largest single district is Single Family Residential at 49.2%. For commercial buyers the practical constraint is that only 25.6% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The R-1 zone is established to encourage the preservation of residential neighborhoods characterized by single family buildings on medium sized lots and to preserve undeveloped lands for similar types of residential development by permitting a minimum of auxiliary non residential uses
Market overview
Demographics & Economy
Austin, MN has 29,718 residents in 12,443 households. Density runs 158 people per square mile. Median household income here is $68,205 and median gross rent $864 a month.
29,718
Population
12,443
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
88%
High-School Grad
188 sq mi
ZIP Area
158
Density / Sq Mi
$68,205
Median Household Income
$43,937
Median Earnings
$864
Median Rent
$161,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mapleview | — | — |
| Andyville | — | — |
| Nicolville | — | — |
| Lansing | — | — |
Commercial property in Austin, MN asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Austin?
Commercial property in Austin, MN asks an average of $59 per square foot. The 5 most recent recorded sales traded at a median of $83/SF.
What zoning applies to commercial property in Austin?
Austin, MN zones 8,475 acres across 12 districts, of which 9.7% is commercial and 15.9% industrial. The largest single district is Single Family Residential at 49.2% of zoned land. The R-1 zone is established to encourage the preservation of residential neighborhoods characterized by single family buildings on medium sized lots and to preserve undeveloped lands for similar types of residential development by permitting a minimum of auxiliary non residential uses Residential zoning covers 53.7% and open space 0%.
Where does Realmo's Austin market data come from?
Realmo compiles Austin, MN figures from 7 recent recorded sales, 44 active sale listings, 10 active lease listings, 1,036 tracked off-market properties, the current Austin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 44 active for-sale and 10 active for-lease listings in Austin, MN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,475 zoned acres across 12 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
