Commercial Real Estate Market in Bloomington, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
117 active listings and 2,100 off-market properties in Bloomington, MN. Commercial property asks $184/SF to buy (based on 3 listings) and $17.45/SF/Yr to lease (based on 6 listings).
Market Trends
Bloomington, MN spans 37.0 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Bloomington, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Bloomington, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Bloomington, 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%.
Multifamily
Multifamily vacancy in Bloomington, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 54.6%
- Open space 28.8%
- Industrial 6%
- Commercial 4.3%
- Residential 3.6%
- Mixed use 2.8%
Largest Zones share of zoned land by district
E : Industrial Zoning Districts 21.206 Industrial Zoning Districts 21.206.01 Industrial Park (I-1) District 21.206.02 Limited Industry (I-2) District 21.206.03 General Industry (I-3) District 21.206.04 Industrial Park (IP) District 21.206.05 Freeway Development (FD-2) District 21.206.06 Innovation and Technology (IT) District 21.206.07 Transitional Industria…
Market overview
Demographics & Economy
Bloomington, MN has 104,111 residents in 47,578 households. Density runs 2,812 people per square mile. Median household income here is $89,422 and median gross rent $1,555 a month.
Tools
Nearby Markets
Commercial property in Bloomington, MN asks $184/SF. The 2 bordering markets run from $177/SF in Savage to $222/SF in Eagan, and the city sits below their $199/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Bloomington?
How much does it cost to lease commercial space in Bloomington?
How does Bloomington compare to nearby markets on price?
Where does Realmo's Bloomington market data come from?
Methodology & data sources
- Asking prices and medians
- There are 24 active for-sale and 93 active for-lease listings in Bloomington, MN. The medians are based on 3 of the for-sale and 6 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 20,674 zoned acres across 33 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
