On average, listings lease in the $20's per square foot per year. The Old Town Meridian submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 19% rise in rent.
In the last 90 days, 3 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 4,490 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Old Town Meridian occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.