Commercial Real Estate Market in Duluth, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
71 active listings and 3,804 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 October 2026.
Office
Office vacancy in Duluth, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Duluth, MN has a median asking sale price of $185/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily space in Duluth, MN has a median asking sale price of $139/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Duluth?
What zoning applies to commercial property in Duluth?
Where does Realmo's Duluth market data come from?
Methodology & data sources
- Asking prices and medians
- There are 56 active for-sale and 15 active for-lease listings in Duluth, MN. The sale median is based on 41 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
