The typical asking rate per listing is in the $50's per square foot per year. The Carmel Valley region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the San Diego market, the Carmel Valley region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 28 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the available space in the Carmel Valley are subleases, so you might be able to snag a great spot on a short term. 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 3,510 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region 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 region. 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.