Commercial Real Estate Market in Saint Paul, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
534 active listings and 7,559 off-market properties in Saint Paul, MN. Commercial property asks $33/SF to buy and $36.00/SF/Yr to lease.
Market Trends
Saint Paul, MN spans 279.1 square miles in Ramsey County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saint Paul, 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 Saint Paul, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Saint Paul, 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 Saint Paul, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Saint Paul, MN has 825,004 residents in 342,308 households. Density runs 2,956 people per square mile. Median household income here is $91,529 and median gross rent $1,415 a month.
825,004
Population
342,308
Households
2.4
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
279.1 sq mi
ZIP Area
2,956
Density / Sq Mi
$91,529
Median Household Income
$51,524
Median Earnings
$1,415
Median Rent
$333,839
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Saint Paul | — | — |
| Maplewood | — | — |
| Lilydale | — | — |
| Falcon Heights | — | — |
Commercial property in Saint Paul, MN asks $33/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Paul?
Commercial property in Saint Paul, MN asks an average of $33 per square foot. The 4 most recent recorded sales traded at a median of $90/SF.
How much does it cost to lease commercial space in Saint Paul?
Asking lease rates in Saint Paul, MN average $36.00 per square foot per year.
Where does Realmo's Saint Paul market data come from?
Realmo compiles Saint Paul, MN figures from 7 recent recorded sales, 356 active sale listings, 178 active lease listings, 7,559 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 356 active for-sale and 178 active for-lease listings in Saint Paul, 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.
- 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
