Meridian Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.84 2024 Avg. Asking Rent
  • 0.06% Y-o-Y Avg. Asking Rent Change
  • 18.88% 2024 Office Vacancy Rate

Meridian office price per square foot in 2024 was $24.84 on average. This marked a +0.06% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.88% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Meridian Class A & A+ Office Space$25.80
  • Meridian Class B Office Space$23.89
  • Idaho Class A & A+ Office Space$24.18
  • Idaho Class B Office Space$21.29
  • Idaho Class C Office Space$13.39

Meridian, ID Office Asking Rents by Class

2024 Office Vacancy Rates in Meridian

Submarket Asking Rents Vacancy Rates
Meridian - South $25.29 20.27%
Meridian - North $24.00 17.59%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Meridian market was 18.88% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Meridian was 17.59% in the Meridian - North submarket, while the highest office vacancy in the market was 20.27%, recorded in Meridian - South.

Coworking Spaces in Idaho

2024 Office Construction in Meridian, ID

Largest Office Properties Recently Completed in Meridian
Office building Address SF Completed
Victory Commons – Flex Building 2 Meridian & Victory Road, 83642 32,884 2024
Veranda Plaza in El Dorado Business Campus 1800 S. Bonito Way (Ste. TBD), Floor 1st , Suite South , 83642 73,734 2023
Veranda Plaza in El Dorado Business Campus 1800 S. Bonito Way (Ste. TBD), Floor 2nd (NW corner) , Suite TBD , 83642 73,734 2023
Veranda Plaza in El Dorado Business Campus 1800 S. Bonito Way (Ste. TBD), Floor 3rd , Suite TBD , 83642 73,734 2023
Veranda Plaza in El Dorado Business Campus 1800 S. Bonito Way (Ste. TBD), Floor 1st , Suite North, 83642 73,734 2023
Ten Mile Crossing - Building 6 2512 West Navigator Drive, 83642 73,000 2023
Catalina Place in El Dorado Business Campus 3015 E Goldstone Way , Floor 2nd Floor , Suite 200, 83642 70,554 2022
Catalina Place in El Dorado Business Campus 3015 E Goldstone Way , Floor 1st , Suite SW, 83642 70,554 2022
Meridian Light Industrial Warehouse Space 55 N Truckee Avenue, 83642 30,000 2022
Gramercy Plaza II 1861 S Wells Ave, 30,000 2021

Worth noting among recent office completions on the Meridian market is Victory Commons – Flex Building 2, which is currently the largest new office development in the city, at 32,884 square feet.

Data provided by Commercial Edge

See reports for other markets

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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. 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.