Commercial Real Estate Market in Saint Louis Park, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
14 active listings and 5 off-market properties in Saint Louis Park, MN.
Market Trends
Saint Louis Park, MN spans 21.1 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Saint Louis Park, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Saint Louis Park, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Saint Louis Park, 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 space in Saint Louis Park, MN has a median asking sale price of $208/SF (based on 5 listings). Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Saint Louis Park, MN has 85,415 residents in 41,590 households. Density runs 4,056 people per square mile. Median household income here is $123,770 and median gross rent $1,678 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Edina | $160 | — |
| Minneapolis | $171 | $18.00 |
| Crystal | $215 | — |
Commercial property in Saint Louis Park, MN asks $208/SF. The 3 bordering markets run from $160/SF in Edina to $215/SF in Crystal, and the city sits above their $171/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Saint Louis Park?
How does Saint Louis Park compare to nearby markets on price?
Where does Realmo's Saint Louis Park market data come from?
Methodology & data sources
- Asking prices and medians
- There are 8 active for-sale and 6 active for-lease listings in Saint Louis Park, MN. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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.
- 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
