Highlights
- The average rent for office space in Meridian is $24.62 per square foot, 0.87% lower compared to the previous year.
- The market’s vacancy rate stands at 17.88%, higher than the state average of Idaho, which is 15.67%.
2025 Office Space Rent & Sales
- $24.62 2025 Avg. Asking Rent
- -0.87% Y-o-Y Avg. Asking Rent Change
- 17.88% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Meridian?
Average asking rents for office space here stand at $24.62 per square foot. The local office market recorded an average vacancy rate of 17.88% in 2025, unchanged from 17.88% in 2024.
Meridian, ID Office Asking Rents by Class
What is the average office rent per square foot by property class in Meridian?
- Avg. Asking Rent Class A & A+$26.52
- Avg. Asking Rent Class B$23.07
What is the average office rent per square foot by property class in ID?
- Avg. Asking Rent Class A & A+$25.24
- Avg. Asking Rent Class B$20.76
- Avg. Asking Rent Class C$15.71
For comparison, the average rent for Class A and A+ office space in Idaho was $25.24 per square foot. The state-wide average for Class B space was $20.76 per square foot, and Class C office spaces averaged $15.71 per square foot.
Meridian, ID Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Meridian - South | $25.33 | 20.99% |
| Meridian - North | $21.82 | 13.57% |
Office Construction in Meridian, ID
What are the largest recent office completions in Meridian?
The largest recent office completion here is Ten Mile Crossing - LaSalle Building at 127,000 square feet, completed in 2020. The next largest completions are Magellan Building and Pine 43 Retail.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Point at Eagle View Landing | 1350 S Rackham Way, 83642 | 16,145 | 2026 |
| Touchmark Office Condos | 3512 & 3526 E Louise Dr, 83642 | 9,520 | 2026 |
| 135 South Touchmark Way | 135 South Touchmark Way, 83642 | 5,397 | 2025 |
| Victory Commons – Flex Building 2 | Meridian & Victory Road, 83642 | 32,884 | 2024 |
| 1430 W Ustick Rd | 1430 W Ustick Rd Ste 100, 83646 | 1,161 | 2022 |
| Ten Mile Crossing - LaSalle Building | 2487 West Navigator Drive, 83642 | 127,000 | 2020 |
| Pine 43 Retail | 2263 E. Fairview Avenue, 83642 | 48,275 | 2020 |
| Gramercy Plaza I | 2541 E. Gala Street, 83642 | 29,389 | 2020 |
| Magellan Building | 2929 W Navigator Dr, 83642 | 83,000 | 2019 |
| CLASS A MERIDIAN OFFICE FOR SUBLEASE - UNDER MARKET RENTS | 1861 S Wells Ave, Ste #300, 83642 | 29,081 | 2019 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.