Commercial Real Estate Market in Cottage Grove, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 401 off-market properties in Cottage Grove, MN. Commercial property asks $381/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Cottage Grove, MN spans 30.1 square miles in Washington County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cottage Grove, 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 Cottage Grove, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cottage Grove, 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 Cottage Grove, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Cottage Grove, MN has 38,427 residents in 13,953 households. Density runs 1,276 people per square mile. Median household income here is $121,295 and median gross rent $1,653 a month.
38,427
Population
13,953
Households
2.8
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
30.1 sq mi
ZIP Area
1,276
Density / Sq Mi
$121,295
Median Household Income
$61,724
Median Earnings
$1,653
Median Rent
$358,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Paul Park | — | — |
| Grey Cloud Island | — | — |
| Newport | — | — |
| Inver Grove Heights | — | — |
Commercial property in Cottage Grove, MN asks $381/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cottage Grove?
Commercial property in Cottage Grove, MN asks an average of $381 per square foot. The 3 most recent recorded sales traded at a median of $205/SF, so asking sits 86% above the achieved median.
How much does it cost to lease commercial space in Cottage Grove?
Asking lease rates in Cottage Grove, MN average $12.00 per square foot per year.
Where does Realmo's Cottage Grove market data come from?
Realmo compiles Cottage Grove, MN figures from 7 recent recorded sales, 12 active sale listings, 9 active lease listings, 401 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 12 active for-sale and 9 active for-lease listings in Cottage Grove, 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
