Commercial Real Estate Market in Eagan, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
106 active listings and 822 off-market properties in Eagan, MN. Commercial property asks $15/SF to buy and $14.75/SF/Yr to lease.
Market Trends
Eagan, MN spans 36.5 square miles in Dakota County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Eagan, 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 Eagan, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Eagan, 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 Eagan, MN asks $173/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 30.7%
- Planned_development 27.6%
- Open space 23.9%
- Industrial 11%
- Civic 3.3%
- Agricultural 2%
- Commercial 1.4%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Planned Development
Residential Single Family
Park
Limited Industrial
Public Facilities Institutional
Planned Development (PD)
PD Planned Development District. A. Intent. 1. Providing greater flexibility in environmental design and relaxation of strict application of the zoning ordinance in exchange for greater creativity and environmental sensitivity. 2. Recognizing the economic and cultural advantages that will accrue to the residents of a planned community. 3. Encouraging a more…
Market overview
Demographics & Economy
Eagan, MN has 73,577 residents in 30,640 households. Density runs 2,013 people per square mile. Median household income here is $109,097 and median gross rent $1,595 a month.
73,577
Population
30,640
Households
2.4
Avg Household Size
39
Median Age
54%
College-Educated
97%
High-School Grad
36.5 sq mi
ZIP Area
2,013
Density / Sq Mi
$109,097
Median Household Income
$61,115
Median Earnings
$1,595
Median Rent
$382,958
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mendota Heights | — | — |
| Mendota | — | — |
| Sunfish Lake | — | — |
| Lilydale | — | — |
Commercial property in Eagan, MN asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Eagan?
Commercial property in Eagan, MN asks an average of $15 per square foot. The 5 most recent recorded sales traded at a median of $262/SF. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Eagan?
Asking lease rates in Eagan, MN average $14.75 per square foot per year.
Where does Realmo's Eagan market data come from?
Realmo compiles Eagan, MN figures from 5 recent recorded sales, 36 active sale listings, 70 active lease listings, 822 tracked off-market properties, the current Eagan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 70 active for-lease listings in Eagan, 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: 19,091 zoned acres across 19 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
