Meridian sees steady office, retail activity Aug 9, 2013 (…) Thornton Oliver Keller has released its mid-year 2013 Market Watch report, highlighting commercial real estate ups and downs in the Treasure Valley. Here’s a look at market activity in the first half of 2013:OFFICEMeridian has seen steady office-space activity, including: × Advertisement OptumInsight leased a 12,300-square-foot building on Watertower Lane POWER Engineers expanded in Meridian to an additional 11,600 square feet on Silverstone Way. The Village at Meridian will add 140,000 square feet of new office space. But many small business owners may delay expansions until they better understand changing health care laws, according to the report. This could result in pent-up demand in a few years if the Affordable Care Act's impact is positive.“Boise’s lifestyle and cost to do business are attractive to companies outside Idaho,” the report says. “However, poor infrastructure and transportation options are hampering our markets.”INDUSTRIALMuch of the activity in the industrial market is taking place in Canyon County. Top-notch “Class A” space is tight, so landlords have started to increase rent, according to the report.So far this year, TOK hasn’t seen any speculative construction — construction that takes place before a buyer has committed to it.“Tenants with very specific requirements lament the lack of available options,” the report reads. “... With the housing recovery underway, many contractors are in need of additional space, but are hesitant to grow too quickly.”Sale activity is down from 2012, but high demand for buildings with excess land has led to bidding wars.RETAILAn array of new retail space is about to open up in Meridian with a new Walmart on Overland Road and new shopping and restaurant space at The Village at Meridian.“Many national retailers are opening their first stores in the Boise market, including a Trader Joe’s currently under construction in downtown Boise,” the report says. Other new-comers to Idaho include Toby Keith’s I Love this Bar & Grill and Yard House in Meridian, set to open later this year.“The food service industry continues to be a bright spot for retail, with new and expanding restaurants taking space across the valley,” according to the report. This has led to high demand for second-generation restaurant space.Other market activity includes: Toys “R” Us and Babies “R” Us consolidated into a 50,300-square-foot anchor space at The Village at Meridian. Destination XL leased 9,700 square feet at Meridian Crossroads on the southeast corner of Eagle Road and Fairview Avenue. Chipotle Mexican Grill, Which Wich? and Sleep Train leased a combined 9,000 square feet at The Village. -To read Thornton Oliver Keller’s mid-year 2013 Market Watch report, visit bit.ly/2013marketwatch. More from this section 3 Meridian companies named to Inc. 5000 list Posted: Aug. 18, 2017 Why the 'incredibly strong' demand in Ada County's housing market? Posted: Aug. 16, 2017 Meridian company Verified First lands at No. 198 on Inc. 5000 list Posted: Aug. 16, 2017 Idaho State University president to retire next year Posted: Aug. 15, 2017 Allstate, Boy Scouts and Boise Bicycle Project team up for Recycle Your Cycle Posted: Aug. 15, 2017 Tags Office Space Retail Activity Market Watch Industrial Sector Comments Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another person will not be tolerated. Be Truthful. Don't knowingly lie about anyone or anything. Be Nice. No racism, sexism or any sort of -ism that is degrading to another person. Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness accounts, the history behind an article. Latest E-Edition Meridian Press Read the latest edition of the Meridian Press in our e-edition format, which combines the familiarity of the printed-paper format with the convenience of reading on your phone, tablet or desktop computer from anywhere. Issues prior to August 18, 2016 YouReport This is your chance to be the reporter. Tell us what's going on with you, your kids, and your community. Share your child's latest achievements, talk about that pothole that never gets fixed, or just speak your mind on what is happening in your community. Submit Your Articles Share the news that is important to you and your community. Post articles about local events, sports teams, community organizations, and more! Submit Your Photos Do you have a great local photo that you want to share with the world? Add it here!