Commercial Real Estate Market in Rogers, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
29 active listings and 400 off-market properties in Rogers, MN.
Market Trends
Rogers, MN spans 34.2 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Rogers, 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 Rogers, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Rogers, 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 Rogers, 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 60.2%
- Open space 16.2%
- Industrial 11.5%
- Planned_development 4.8%
- Agricultural 2.9%
- Mixed use 2.4%
- Civic 0.7%
Largest Zones share of zoned land by district
Rural Residential
Single Family Residential
Parks And Open Space
Regional Employment Center
General Industrial
Rogers, MN zones 16,310 acres across 15 districts. The largest single district is Rural Residential at 28%. For commercial buyers the practical constraint is that only 11.5% of land carries a commercial or industrial designation.
Rural Residential (R1)
The purpose of the R1 Rural Residential District is to provide areas for agricultural uses as well as providing for residential development while affording the enjoyment of the rural life style.
Market overview
Demographics & Economy
Rogers, MN has 15,851 residents in 5,496 households. Density runs 463 people per square mile. Median household income here is $152,239 and median gross rent $1,535 a month.
15,851
Population
5,496
Households
2.9
Avg Household Size
38
Median Age
53%
College-Educated
98%
High-School Grad
34.2 sq mi
ZIP Area
463
Density / Sq Mi
$152,239
Median Household Income
$75,382
Median Earnings
$1,535
Median Rent
$438,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dayton | — | — |
| Hanover | — | — |
| Saint Michael | — | — |
| Albertville | — | — |
Commercial property in Rogers, MN asks $411/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Rogers?
Commercial property in Rogers, MN asks an average of $411 per square foot. Multifamily carries the highest asking price at $176/SF.
What zoning applies to commercial property in Rogers?
Rogers, MN zones 16,310 acres across 15 districts, of which 0% is commercial and 11.5% industrial. The largest single district is Rural Residential at 28% of zoned land. The purpose of the R1 Rural Residential District is to provide areas for agricultural uses as well as providing for residential development while affording the enjoyment of the rural life style. Residential zoning covers 60.2% and open space 16.2%.
Where does Realmo's Rogers market data come from?
Realmo compiles Rogers, MN figures from 6 recent recorded sales, 12 active sale listings, 17 active lease listings, 400 tracked off-market properties, the current Rogers zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 17 active for-lease listings in Rogers, 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: 16,310 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
