Commercial Real Estate Market in White Bear Lake, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 448 off-market properties in White Bear Lake, MN.
Market Trends
White Bear Lake, MN spans 44.3 square miles in Ramsey County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in White Bear Lake, 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 White Bear Lake, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in White Bear Lake, 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 White Bear Lake, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
White Bear Lake, MN has 66,156 residents in 27,389 households. Density runs 1,494 people per square mile. Median household income here is $106,397 and median gross rent $1,570 a month.
66,156
Population
27,389
Households
2.4
Avg Household Size
45
Median Age
50%
College-Educated
97%
High-School Grad
44.3 sq mi
ZIP Area
1,494
Density / Sq Mi
$106,397
Median Household Income
$59,865
Median Earnings
$1,570
Median Rent
$382,212
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| White Bear Township | — | — |
| Dellwood | — | — |
| Gem Lake | — | — |
| Mahtomedi | — | — |
Commercial property in White Bear Lake, MN asks $201/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in White Bear Lake?
Commercial property in White Bear Lake, MN asks an average of $201 per square foot. The 5 most recent recorded sales traded at a median of $160/SF, so asking sits 26% above the achieved median.
Where does Realmo's White Bear Lake market data come from?
Realmo compiles White Bear Lake, MN figures from 6 recent recorded sales, 6 active sale listings, 10 active lease listings, 448 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 6 active for-sale and 10 active for-lease listings in White Bear Lake, 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
