Commercial Real Estate Market in Duluth, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
192 active listings and 3,806 off-market properties in Duluth, MN.
Market Trends
Duluth, MN spans 528.6 square miles in St. Louis County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Duluth, 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 Duluth, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Duluth, 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 Duluth, MN asks $129/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 62.2%
- Open space 13.1%
- Industrial 13.1%
- Mixed use 9.4%
- Special 1.8%
- Commercial 0.4%
Largest Zones share of zoned land by district
Residential Traditional
Rural Residential 1
Park
Industrial General
Industrial Waterfront
Duluth, MN zones 49,981 acres across 25 districts. Commercial zoning covers 0.4% of zoned land, residential 62.2%, open space 13.1% and industrial 13.1%. The largest single district is Residential Traditional at 30.9%. For commercial buyers the practical constraint is that only 13.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Duluth, MN has 118,413 residents in 53,817 households. Density runs 224 people per square mile. Median household income here is $76,686 and median gross rent $1,174 a month.
118,413
Population
53,817
Households
2.2
Avg Household Size
38
Median Age
41%
College-Educated
96%
High-School Grad
528.6 sq mi
ZIP Area
224
Density / Sq Mi
$76,686
Median Household Income
$41,469
Median Earnings
$1,174
Median Rent
$255,712
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hermantown | — | — |
| Proctor | — | — |
| Twig | — | — |
| Superior | — | — |
Commercial property in Duluth, MN asks $119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Duluth?
Commercial property in Duluth, MN asks an average of $119 per square foot. The 6 most recent recorded sales traded at a median of $201/SF. Multifamily carries the highest asking price at $129/SF.
What zoning applies to commercial property in Duluth?
Duluth, MN zones 49,981 acres across 25 districts, of which 0.4% is commercial and 13.1% industrial. The largest single district is Residential Traditional at 30.9% of zoned land. Residential zoning covers 62.2% and open space 13.1%.
Where does Realmo's Duluth market data come from?
Realmo compiles Duluth, MN figures from 7 recent recorded sales, 179 active sale listings, 13 active lease listings, 3,806 tracked off-market properties, the current Duluth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 179 active for-sale and 13 active for-lease listings in Duluth, 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: 49,981 zoned acres across 25 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
