Commercial Real Estate Market in Edina, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 2,466 off-market properties in Edina, MN.
Market Trends
Edina, MN spans 32.3 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Edina, 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 Edina, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Edina, 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 Edina, MN asks $176/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 87%
- Commercial 5%
- Industrial 4.4%
- Planned_development 1.2%
- Civic 1.1%
- Open space 0.1%
Largest Zones share of zoned land by district
Single Dwelling Unit
Planned Industrial District
Planned Residence District 3
Planned Commercial District 3
Planned Residence District 4
Edina, MN zones 8,172 acres across 37 districts. Commercial zoning covers 5% of zoned land, residential 87%, open space 0.1% and industrial 4.4%. The largest single district is Single Dwelling Unit at 79.7%. For commercial buyers the practical constraint is that only 9.4% of land carries a commercial or industrial designation.
Planned Residence District 3 (PRD-3)
The purpose of this zoning district is to provide all residential buildings, also day care facilities licensed by the state.
Market overview
Demographics & Economy
Edina, MN has 140,667 residents in 66,921 households. Density runs 4,361 people per square mile. Median household income here is $120,111 and median gross rent $1,614 a month.
140,667
Population
66,921
Households
2.1
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
32.3 sq mi
ZIP Area
4,361
Density / Sq Mi
$120,111
Median Household Income
$68,832
Median Earnings
$1,614
Median Rent
$493,242
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eden Prairie | — | $33.10 |
| Hopkins | — | — |
| Minnetonka | — | $19.74 |
| Saint Louis Park | — | — |
Commercial property in Edina, MN asks $66/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Edina?
Commercial property in Edina, MN asks an average of $66 per square foot. Multifamily carries the highest asking price at $176/SF.
What zoning applies to commercial property in Edina?
Edina, MN zones 8,172 acres across 37 districts, of which 5% is commercial and 4.4% industrial. The largest single district is Single Dwelling Unit at 79.7% of zoned land. Residential zoning covers 87% and open space 0.1%.
Where does Realmo's Edina market data come from?
Realmo compiles Edina, MN figures from 8 recent recorded sales, 14 active sale listings, 38 active lease listings, 2,466 tracked off-market properties, the current Edina zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 38 active for-lease listings in Edina, 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: 8,172 zoned acres across 37 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
