Commercial Real Estate Market in Cologne, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 60 off-market properties in Cologne, MN.
Market Trends
Cologne, MN spans 57.2 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cologne, 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 Cologne, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cologne, 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 Cologne, 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
- Planned_development 59.5%
- Residential 19.3%
- Civic 12.7%
- Commercial 3.9%
- Mixed use 2.6%
- Industrial 2.1%
Largest Zones share of zoned land by district
Planned Unit Development
Single Family Detached Residential
Public Institutional
Central Business District
General Business
Planned Unit Development (PUD)
A Planned Unit Development (PUD) is a subdivision process established to allow variation from traditional development standards identified in this chapter and the zoning ordinance. The process is intended to allow flexibility in the development process in exchange for creative design alternatives, greater variety and innovation in land uses and structural ap…
Market overview
Demographics & Economy
Cologne, MN has 3,637 residents in 1,461 households. Density runs 64 people per square mile. Median household income here is $112,455 and median gross rent $808 a month.
3,637
Population
1,461
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
98%
High-School Grad
57.2 sq mi
ZIP Area
64
Density / Sq Mi
$112,455
Median Household Income
$65,239
Median Earnings
$808
Median Rent
$391,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwood Young America | — | — |
| Waconia | — | — |
| Carver | — | — |
| Victoria | — | — |
Frequently Asked Questions
Where does Realmo's Cologne market data come from?
Realmo compiles Cologne, MN figures from 3 recent recorded sales, 1 active sale listings, 60 tracked off-market properties, the current Cologne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Cologne, 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: 1,036 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
