2023 Office Space Rent & Sales
- $24.82 2023 Avg. Asking Rent
- 13.51% 2023 Office Vacancy Rate
Meridian office price per square foot in 2023 was $24.82 on average. The local office market recorded an average vacancy rate of 13.51% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Meridian Class A & A+ Office Space$28.76
- Meridian Class B Office Space$22.81
- Idaho Class A & A+ Office Space$26.91
- Idaho Class B Office Space$20.78
- Idaho Class C Office Space$22.70
Meridian, ID Office Asking Rents by Class
2023 Office Vacancy Rates in Meridian
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Meridian - South | $24.94 | 21.19% |
Meridian - North | $23.59 | 4.95% |
Coworking Spaces in Idaho
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2023 Office Construction in Meridian, ID
- Meridian, ID Total SF completed in 2023 223,000
During 2023, 223,000 square feet of new office space were delivered across the market. At the close of 2023, the Meridian office inventory included 2 buildings equal to or larger than 25,000 square feet, which comprised 223,000 square feet of office space.
Office building | Address | SF | Completed |
---|---|---|---|
Eagle View Landing - Building II | 1144 South Silverstone Way, 83642 | 150,000 | 2023 |
Ten Mile Crossing - Building 6 | 2512 West Navigator Drive, 83642 | 73,000 | 2023 |
El Dorado Business Campus - Veranda Plaza | 1800 South Bonito Way, 83642 | 73,734 | 2022 |
2102 W. Everest Ln. | 2102 W. Everest Ln., 83646 | 3,500 | 2021 |
Ten Mile Crossing - LaSalle Building | 2487 West Navigator Drive, 83642 | 127,000 | 2020 |
Ten Mile Crossing - AmeriBen Building 2 | 980 South Ten Mile Road, 83642 | 120,000 | 2020 |
Silverstone Park - Blackstone Building | 1820 South Silverstone Way, 83642 | 117,036 | 2020 |
Pine 43 Retail | 2325 E. Fairview Avenue, 83642 | 48,275 | 2020 |
Gramercy Plaza II | 1861 S. Wells Avenue, 83642 | 29,389 | 2020 |
Ten Mile Crossing - Brighton Building | 2929 West Navigator Drive, 83642 | 83,369 | 2019 |
Worth noting among recent office completions on the Meridian market is Eagle View Landing - Building II, which is currently the largest new office development in the city, at 150,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Meridian commercial properties sized 25,000 square feet or larger.
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 CommercialEdge can guarantee that the information provided is complete.