The typical asking rate per listing is in the $60's per square foot per year. The Carmel Valley region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 3% increase in rent.
Compared to the rest of the San Diego market, the Carmel Valley submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 27 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 11% of the available space in the Carmel Valley are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 5,800 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this market were built in 1998 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Carmel Valley occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.