Commercial Real Estate Market in St Louis Park, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
1,026 active listings and 20,625 off-market properties in St Louis Park, MN. Commercial property asks $64/SF to buy and $18.19/SF/Yr to lease.
Market Trends
St Louis Park, MN spans 21.1 square miles in Hennepin County, Minnesota. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in St Louis Park, MN asks $19.82/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail vacancy in St Louis Park, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in St 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in St Louis Park, MN asks $181/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
Market overview
Demographics & Economy
St 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.
85,415
Population
41,590
Households
2.1
Avg Household Size
37
Median Age
69%
College-Educated
98%
High-School Grad
21.1 sq mi
ZIP Area
4,056
Density / Sq Mi
$123,770
Median Household Income
$70,063
Median Earnings
$1,678
Median Rent
$505,326
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Louis Park | — | — |
| Hopkins | — | — |
| Eden Prairie | — | $33.10 |
| Edina | — | — |
Commercial property in St Louis Park, MN asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in St Louis Park?
Commercial property in St Louis Park, MN asks an average of $64 per square foot. Multifamily carries the highest asking price at $181/SF.
How much does it cost to lease commercial space in St Louis Park?
Asking lease rates in St Louis Park, MN average $18.19 per square foot per year. Office asks $19.82/SF/Yr as of Q2 26, up from $17.60/SF/Yr in Q1 26.
Where does Realmo's St Louis Park market data come from?
Realmo compiles St Louis Park, MN figures from 8 recent recorded sales, 615 active sale listings, 411 active lease listings, 20,625 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 615 active for-sale and 411 active for-lease listings in St Louis Park, 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 30 September 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 30 September 2026 · report a data issue
