Commercial Real Estate Market in Byron, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 201 off-market properties in Byron, MN.
Market Trends
Byron, MN spans 68.7 square miles in Olmsted County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Byron, 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 Byron, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Byron, 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 Byron, 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 69%
- Commercial 8.2%
- Industrial 6.1%
Largest Zones share of zoned land by district
Low Density Residential District
Planned Residential Development Mixed Low Density District
General Use
Commercial District
Industrial District
Byron, MN zones 1,714 acres across 9 districts. Commercial zoning covers 8.2% of zoned land, residential 69% and industrial 6.1%. The largest single district is Low Density Residential District at 31.6%. For commercial buyers the practical constraint is that only 14.3% of land carries a commercial or industrial designation.
Low Density Residential District (R1)
R-1 Low Density Residential District. The intent of the R-1 district is to provide land area for residential uses on larger urban lots that include and are compatible with single unit residential buildings. Furthermore, the intent is to apply this district to those areas designated as Low Density Residential in the Byron Comprehensive Plan. (B)
Market overview
Demographics & Economy
Byron, MN has 8,512 residents in 3,294 households. Density runs 124 people per square mile. Median household income here is $126,102 and median gross rent $1,085 a month.
8,512
Population
3,294
Households
2.6
Avg Household Size
37
Median Age
48%
College-Educated
99%
High-School Grad
68.7 sq mi
ZIP Area
124
Density / Sq Mi
$126,102
Median Household Income
$64,366
Median Earnings
$1,085
Median Rent
$356,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kasson | — | — |
| Mantorville | — | — |
| Canisteo | — | — |
| Rochester | — | $15.12 |
Commercial property in Byron, MN asks $28/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Byron?
Commercial property in Byron, MN asks an average of $28 per square foot. The 4 most recent recorded sales traded at a median of $208/SF.
What zoning applies to commercial property in Byron?
Byron, MN zones 1,714 acres across 9 districts, of which 8.2% is commercial and 6.1% industrial. The largest single district is Low Density Residential District at 31.6% of zoned land. R-1 Low Density Residential District. The intent of the R-1 district is to provide land area for residential uses on larger urban lots that include and are compatible with single unit residential buildings. Furthermore, the intent is to apply this district to those areas designated as Low Density Residential in the Byron Comprehensive Plan. (B) Residential zoning covers 69% and open space 0%.
Where does Realmo's Byron market data come from?
Realmo compiles Byron, MN figures from 5 recent recorded sales, 48 active sale listings, 201 tracked off-market properties, the current Byron zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 48 active for-sale and 0 active for-lease listings in Byron, 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: 1,714 zoned acres across 9 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
