Commercial Real Estate Market in Circle Pines, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 115 off-market properties in Circle Pines, MN.
Market Trends
Circle Pines, MN spans 20.3 square miles in Anoka County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Circle Pines, 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 Circle Pines, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Circle Pines, 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 Circle Pines, MN asks $185/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
Market overview
Demographics & Economy
Circle Pines, MN has 28,603 residents in 11,163 households. Density runs 1,411 people per square mile. Median household income here is $98,952 and median gross rent $1,553 a month.
28,603
Population
11,163
Households
2.6
Avg Household Size
40
Median Age
36%
College-Educated
95%
High-School Grad
20.3 sq mi
ZIP Area
1,411
Density / Sq Mi
$98,952
Median Household Income
$50,744
Median Earnings
$1,553
Median Rent
$324,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lexington | — | — |
| Lino Lakes | — | — |
| Mounds View | — | — |
| Blaine | — | — |
Commercial property in Circle Pines, MN asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Circle Pines?
Commercial property in Circle Pines, MN asks an average of $38 per square foot. Multifamily carries the highest asking price at $185/SF.
Where does Realmo's Circle Pines market data come from?
Realmo compiles Circle Pines, MN figures from 2 recent recorded sales, 2 active sale listings, 3 active lease listings, 115 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 3 active for-lease listings in Circle Pines, 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.
- 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
