On average, listings lease in the $30's per square foot per year. The Sorrento Valley submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the San Diego market, the Sorrento Valley submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 817 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the listings in the Sorrento Valley are subleases, so you will probably have to focus your search on direct office leases. 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 3,440 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 2 stories. Most buildings in this market were built in 1987 and are Class B.
Education is the dominant industry in this region. Most of the folk of Sorrento Valley work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Sorrento Valley.
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