Most listings are in the $30's per square foot per year. The Sorrento Valley region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the San Diego County market, the Sorrento Valley region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 817 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases in the Sorrento Valley are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,990 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region were built in 1987 and are Class B.
Education is the dominant industry in this market. 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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