Commercial Real Estate Market in Oakdale, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 286 off-market properties in Oakdale, MN. Commercial property asks $35/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Oakdale, MN spans 11.2 square miles in Washington County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oakdale, 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 Oakdale, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oakdale, 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 Oakdale, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.1%
- Planned_development 28.2%
- Industrial 8.1%
- Commercial 7.6%
Largest Zones share of zoned land by district
Low Density Residential District
Planned Unit Development
Medium Density Residential District
Large Lot Detached Residential District
Light Industrial District
Oakdale, MN zones 5,897 acres across 15 districts. Commercial zoning covers 7.6% of zoned land, residential 56.1% and industrial 8.1%. The largest single district is Low Density Residential District at 24.6%. For commercial buyers the practical constraint is that only 15.7% of land carries a commercial or industrial designation.
Low Density Residential District (R2)
R-2 Low Density Residential District. The R-2 District is intended to provide for a variety of low density residential dwellings including single-unit dwellings and two-unit dwellings within existing neighborhoods. Directly related complementary uses, as well as public and institutional uses such as places of worship, schools, and parks, are also appropriate…
Market overview
Demographics & Economy
Oakdale, MN has 29,217 residents in 12,083 households. Density runs 2,602 people per square mile. Median household income here is $89,642 and median gross rent $1,451 a month.
29,217
Population
12,083
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
11.2 sq mi
ZIP Area
2,602
Density / Sq Mi
$89,642
Median Household Income
$49,997
Median Earnings
$1,451
Median Rent
$300,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodbury | — | — |
| North Saint Paul | — | — |
| Pine Springs | — | — |
| Maplewood | — | — |
Commercial property in Oakdale, MN asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oakdale?
Commercial property in Oakdale, MN asks an average of $35 per square foot. The 7 most recent recorded sales traded at a median of $238/SF.
How much does it cost to lease commercial space in Oakdale?
Asking lease rates in Oakdale, MN average $12.00 per square foot per year.
What zoning applies to commercial property in Oakdale?
Oakdale, MN zones 5,897 acres across 15 districts, of which 7.6% is commercial and 8.1% industrial. The largest single district is Low Density Residential District at 24.6% of zoned land. R-2 Low Density Residential District. The R-2 District is intended to provide for a variety of low density residential dwellings including single-unit dwellings and two-unit dwellings within existing neighborhoods. Directly related complementary uses, as well as public and institutional uses such as places of worship, schools, and parks, are also appropriate… Residential zoning covers 56.1% and open space 0%.
Where does Realmo's Oakdale market data come from?
Realmo compiles Oakdale, MN figures from 7 recent recorded sales, 9 active sale listings, 19 active lease listings, 286 tracked off-market properties, the current Oakdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 19 active for-lease listings in Oakdale, 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: 5,897 zoned acres across 15 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
