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Most commerial real estate listings for lease are in the $40's per square foot per year. The Torrey Pines submarket is going through a a boost in rates. In the last 3 months, the median rate for lease rose $40 per sqft per year.
Compared to the rest of the San Diego County commercial real estate market, the Torrey Pines region has higher rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 30 commercial real estate listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 11,040 sqft. Most properties in this region are around 2 stories. Most buildings in this area were built approximately 1986 and are Class A.
Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Torrey Pines residents. Commuting between 30 and 45 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 Torrey Pines.
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