Commercial Real Estate Market in Burnsville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
86 active listings and 944 off-market properties in Burnsville, MN. Commercial property asks $91/SF to buy and $14.41/SF/Yr to lease.
Market Trends
Burnsville, MN spans 24.9 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Burnsville, 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 Burnsville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Burnsville, 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 Burnsville, MN asks $173/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
- Residential 46.1%
- Industrial 18.2%
- Special 15.6%
- Open space 10%
- Planned_development 4.4%
- Commercial 4%
- Civic 0.4%
Largest Zones share of zoned land by district
Single Family Residential
Conservancy
Park
General Industry
Mixed Use
Burnsville, MN zones 13,435 acres across 23 districts. Commercial zoning covers 4% of zoned land, residential 46.1%, open space 10% and industrial 18.2%. The largest single district is Single Family Residential at 33.4%. For commercial buyers the practical constraint is that only 22.2% of land carries a commercial or industrial designation.
Single Family Residential (R1)
R1 district is intended to support low-density residential neighborhoods consisting of one-family detached dwellings, with access to public parks, playgrounds, and transit facilities.
Market overview
Demographics & Economy
Burnsville, MN has 64,317 residents in 26,783 households. Density runs 2,579 people per square mile. Median household income here is $85,964 and median gross rent $1,502 a month.
64,317
Population
26,783
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
93%
High-School Grad
24.9 sq mi
ZIP Area
2,579
Density / Sq Mi
$85,964
Median Household Income
$47,531
Median Earnings
$1,502
Median Rent
$337,967
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Apple Valley | — | — |
| Savage | — | — |
| Lakeville | — | — |
| Prior Lake | — | — |
Commercial property in Burnsville, MN asks $91/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burnsville?
Commercial property in Burnsville, MN asks an average of $91 per square foot. The 4 most recent recorded sales traded at a median of $353/SF. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Burnsville?
Asking lease rates in Burnsville, MN average $14.41 per square foot per year.
What zoning applies to commercial property in Burnsville?
Burnsville, MN zones 13,435 acres across 23 districts, of which 4% is commercial and 18.2% industrial. The largest single district is Single Family Residential at 33.4% of zoned land. R1 district is intended to support low-density residential neighborhoods consisting of one-family detached dwellings, with access to public parks, playgrounds, and transit facilities. Residential zoning covers 46.1% and open space 10%.
Where does Realmo's Burnsville market data come from?
Realmo compiles Burnsville, MN figures from 5 recent recorded sales, 30 active sale listings, 56 active lease listings, 944 tracked off-market properties, the current Burnsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 56 active for-lease listings in Burnsville, 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: 13,435 zoned acres across 23 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
