The typical asking rate per listing is in the $30's per square foot per year. The Sorrento Valley region is experiencing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the San Diego market, the Sorrento Valley region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 817 listings have been posted online, 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 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 3,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this market were built in 1987 and are Class B.
Education is the dominant industry in this region. Most of the residents 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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