Commercial Real Estate Market in Bloomington, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
120 active listings and 2,100 off-market properties in Bloomington, MN. Commercial property asks $69/SF to buy and $16.88/SF/Yr to lease.
Market Trends
Bloomington, MN spans 37.0 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bloomington, 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 Bloomington, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Bloomington, MN asks $176/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
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
Single Family Residential
Conservation
Multiple Family Residential
Industrial Park
Freeway Office
Industrial Park (IP)
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.
104,111
Population
47,578
Households
2.2
Avg Household Size
42
Median Age
47%
College-Educated
94%
High-School Grad
37 sq mi
ZIP Area
2,812
Density / Sq Mi
$89,422
Median Household Income
$52,199
Median Earnings
$1,555
Median Rent
$347,834
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Richfield | — | — |
| Savage | — | — |
| Mendota | — | — |
| Eagan | — | — |
Commercial property in Bloomington, MN asks $69/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bloomington?
Commercial property in Bloomington, MN asks an average of $69 per square foot. The 4 most recent recorded sales traded at a median of $137/SF. Multifamily carries the highest asking price at $176/SF.
How much does it cost to lease commercial space in Bloomington?
Asking lease rates in Bloomington, MN average $16.88 per square foot per year.
Where does Realmo's Bloomington market data come from?
Realmo compiles Bloomington, MN figures from 6 recent recorded sales, 24 active sale listings, 96 active lease listings, 2,100 tracked off-market properties, the current Bloomington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 96 active for-lease listings in Bloomington, 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: 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 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
