Commercial Real Estate Market in Plymouth, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
67 active listings and 879 off-market properties in Plymouth, MN.
Market Trends
Plymouth, MN spans 32.9 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Plymouth, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Plymouth, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Plymouth, 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 vacancy in Plymouth, MN 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%
- Civic 11.7%
- Industrial 8.7%
- Planned_development 8.7%
- Commercial 3.9%
Largest Zones share of zoned land by district
Plymouth, MN zones 17,446 acres across 21 districts. Commercial zoning covers 3.9% of zoned land, residential 62% and industrial 8.7%. The largest single district is Residential Single Family Detached 1 at 28.8%. For commercial buyers the practical constraint is that only 12.6% of land carries a commercial or industrial designation.
Except in the FRD District and except for residential uses in the RSF-1 and RSF-2 Districts, all exposed parking areas and driveways shall be surfaced with asphalt, concrete, or an equivalent surfacing material (including porous pavement options) as may be approved by the Zoning Administrator. For all uses in the FRD District and for residential uses in the…
Market overview
Demographics & Economy
Plymouth, MN has 81,363 residents in 33,939 households. Density runs 2,474 people per square mile. Median household income here is $135,559 and median gross rent $1,759 a month.
Tools
Nearby Markets
Frequently Asked Questions
How much does it cost to lease commercial space in Plymouth?
What zoning applies to commercial property in Plymouth?
Where does Realmo's Plymouth market data come from?
Methodology & data sources
- Asking prices and medians
- There are 12 active for-sale and 55 active for-lease listings in Plymouth, MN. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a rent per square foot. 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: 17,446 zoned acres across 21 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
