Commercial Real Estate Market in Columbus, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 65 off-market properties in Columbus, MN. Commercial property asks $585/SF to buy and $6.75/SF/Yr to lease.
Market Trends
Columbus, MN spans 110.7 square miles in Anoka County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Columbus, 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 Columbus, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Columbus, 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 Columbus, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.5%
- Industrial 5.1%
- Commercial 2.4%
- Open space 1.1%
- Mixed use 0.4%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Rural Residential
Dnr Lands
Light Industrial
Highway Commercial
Commercial Or Industrial
Rural Residential (RR)
The RR District is established as the primary zoning category in the City of Columbus. The purpose of the RR District is to provide adequate areas and use restrictions for residential development that provide pleasant living environments and protect the public health, safety, and welfare
Market overview
Demographics & Economy
Columbus, MN has 36,585 residents in 14,835 households. Density runs 331 people per square mile. Median household income here is $96,361 and median gross rent $1,304 a month.
36,585
Population
14,835
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
94%
High-School Grad
110.7 sq mi
ZIP Area
331
Density / Sq Mi
$96,361
Median Household Income
$51,757
Median Earnings
$1,304
Median Rent
$371,275
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanford | — | — |
| Forest Lake | — | — |
| Wyoming | — | — |
| Centerville | — | — |
Commercial property in Columbus, MN asks $585/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Columbus?
Commercial property in Columbus, MN asks an average of $585 per square foot. Multifamily carries the highest asking price at $185/SF.
How much does it cost to lease commercial space in Columbus?
Asking lease rates in Columbus, MN average $6.75 per square foot per year.
Where does Realmo's Columbus market data come from?
Realmo compiles Columbus, MN figures from 8 active sale listings, 4 active lease listings, 65 tracked off-market properties, the current Columbus zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 4 active for-lease listings in Columbus, 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: 30,578 zoned acres across 14 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
