Commercial Real Estate Market in Burnsville, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
83 active listings and 944 off-market properties in Burnsville, MN.
Market Trends
Burnsville, MN spans 24.9 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Burnsville, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Burnsville, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Burnsville, 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
- 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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Savage | $177 | — |
| Lakeville | $196 | — |
| Bloomington | $184 | $17.45 |
Frequently Asked Questions
How much does it cost to lease commercial space in Burnsville?
What zoning applies to commercial property in Burnsville?
Where does Realmo's Burnsville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 28 active for-sale and 55 active for-lease listings in Burnsville, MN. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 4 of the for-lease listings that state a 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: 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 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
