Commercial Real Estate Market in Rochester, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
396 active listings and 2,722 off-market properties in Rochester, MN. Commercial property asks $170/SF to buy and $15.12/SF/Yr to lease.
Market Trends
Rochester, MN spans 196.0 square miles in Olmsted County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Rochester, 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 Rochester, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Rochester, 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 Rochester, 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 69.9%
- Industrial 14.7%
- Mixed use 11.4%
- Commercial 1.2%
- Civic 0.3%
- Open space 0%
Largest Zones share of zoned land by district
Mixed Single Family
Low Density Small Lot
Light Industrial
Medium Density Residential
Mixed Use General
Rochester, MN zones 37,279 acres across 21 districts. Commercial zoning covers 1.2% of zoned land, residential 69.9%, open space 0% and industrial 14.7%. The largest single district is Mixed Single Family at 50.8%. For commercial buyers the practical constraint is that only 15.9% of land carries a commercial or industrial designation.
Light Industrial (LI)
O. LI - Light Industrial 1. Purpose The LI district provides an area for a mixture of commercial and industrial uses that do not generate significant adverse operational or traffic impacts, that are served by major thoroughfares providing direct access or a local street system with direct access to major thoroughfares, and with an adequate level of buffering…
Market overview
Demographics & Economy
Rochester, MN has 133,309 residents in 58,589 households. Density runs 680 people per square mile. Median household income here is $93,476 and median gross rent $1,331 a month.
133,309
Population
58,589
Households
2.3
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
196 sq mi
ZIP Area
680
Density / Sq Mi
$93,476
Median Household Income
$54,901
Median Earnings
$1,331
Median Rent
$314,194
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oronoco | — | — |
| Byron | — | — |
| Potsdam | — | — |
| Pine Island | — | — |
Commercial property in Rochester, MN asks $170/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rochester?
Commercial property in Rochester, MN asks an average of $170 per square foot. The 4 most recent recorded sales traded at a median of $263/SF.
How much does it cost to lease commercial space in Rochester?
Asking lease rates in Rochester, MN average $15.12 per square foot per year.
What zoning applies to commercial property in Rochester?
Rochester, MN zones 37,279 acres across 21 districts, of which 1.2% is commercial and 14.7% industrial. The largest single district is Mixed Single Family at 50.8% of zoned land. Residential zoning covers 69.9% and open space 0%.
Where does Realmo's Rochester market data come from?
Realmo compiles Rochester, MN figures from 7 recent recorded sales, 316 active sale listings, 80 active lease listings, 2,722 tracked off-market properties, the current Rochester zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 316 active for-sale and 80 active for-lease listings in Rochester, 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: 37,279 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 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
