Commercial Real Estate Market in Meridian, ID
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
219 active listings and 2,208 off-market properties in Meridian, ID. Commercial property asks $187/SF to buy and $35.35/SF/Yr to lease.
Market Trends
Meridian, ID spans 124.8 square miles in Ada County, Idaho. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Meridian, ID runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Meridian, ID runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Meridian, ID runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Meridian, ID asks $280/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.9%
- Industrial 19.7%
- Commercial 6.6%
- Special 0.6%
- Civic 0%
Largest Zones share of zoned land by district
Medium Low Density Residential
Medium Density Residential
General Retail And Service Commercial
Medium High Density Residential
Light Industrial
Meridian, ID zones 24,517 acres across 16 districts. Commercial zoning covers 6.6% of zoned land, residential 72.9% and industrial 19.7%. The largest single district is Medium Low Density Residential at 33.5%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Medium Low Density Residential (R-4)
The purpose of the residential districts is to provide for a range of housing opportunities consistent with the Meridian Comprehensive Plan
Market overview
Demographics & Economy
Meridian, ID has 192,593 residents in 76,032 households. Density runs 1,544 people per square mile. Median household income here is $91,850 and median gross rent $1,668 a month.
192,593
Population
76,032
Households
2.5
Avg Household Size
36
Median Age
40%
College-Educated
95%
High-School Grad
124.8 sq mi
ZIP Area
1,544
Density / Sq Mi
$91,850
Median Household Income
$45,246
Median Earnings
$1,668
Median Rent
$455,993
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Star | — | — |
| Garden City | — | $15.69 |
Commercial property in Meridian, ID asks $187/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Meridian?
Commercial property in Meridian, ID asks an average of $187 per square foot. Multifamily carries the highest asking price at $280/SF.
How much does it cost to lease commercial space in Meridian?
Asking lease rates in Meridian, ID average $35.35 per square foot per year.
What zoning applies to commercial property in Meridian?
Meridian, ID zones 24,517 acres across 16 districts, of which 6.6% is commercial and 19.7% industrial. The largest single district is Medium Low Density Residential at 33.5% of zoned land. The purpose of the residential districts is to provide for a range of housing opportunities consistent with the Meridian Comprehensive Plan Residential zoning covers 72.9% and open space 0%.
Where does Realmo's Meridian market data come from?
Realmo compiles Meridian, ID figures from 140 active sale listings, 79 active lease listings, 2,208 tracked off-market properties, the current Meridian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 140 active for-sale and 79 active for-lease listings in Meridian, ID. 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.
- Zoning and land use
- The current municipal zoning release: 24,517 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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
