Commercial Real Estate Market in Chanhassen, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 437 off-market properties in Chanhassen, MN. Commercial property asks $63/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Chanhassen, MN spans 13.1 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chanhassen, 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 Chanhassen, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chanhassen, 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 Chanhassen, 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 65.2%
- Planned_development 30.3%
- Civic 2.2%
- Commercial 1.6%
Largest Zones share of zoned land by district
Agricultural Estate
Single Family Residential
Planned Unit Development Residential
Rural Residential
Planned Unit Development
Agricultural Estate (A2)
The intent of the A2 District is preservation of rural character while respecting development patterns by allowing single family residential development.
Market overview
Demographics & Economy
Chanhassen, MN has 21,774 residents in 8,731 households. Density runs 1,656 people per square mile. Median household income here is $133,573 and median gross rent $1,763 a month.
21,774
Population
8,731
Households
2.5
Avg Household Size
41
Median Age
64%
College-Educated
98%
High-School Grad
13.1 sq mi
ZIP Area
1,656
Density / Sq Mi
$133,573
Median Household Income
$65,655
Median Earnings
$1,763
Median Rent
$505,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shakopee | — | — |
| Silver Lake | — | — |
| Excelsior | — | — |
| Chaska | — | — |
Commercial property in Chanhassen, MN asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chanhassen?
Commercial property in Chanhassen, MN asks an average of $63 per square foot. The 6 most recent recorded sales traded at a median of $286/SF.
How much does it cost to lease commercial space in Chanhassen?
Asking lease rates in Chanhassen, MN average $12.00 per square foot per year.
Where does Realmo's Chanhassen market data come from?
Realmo compiles Chanhassen, MN figures from 6 recent recorded sales, 16 active sale listings, 16 active lease listings, 437 tracked off-market properties, the current Chanhassen zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 16 active for-lease listings in Chanhassen, 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: 12,883 zoned acres across 18 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
