Most listings are in the $20's per square foot per year. The Sorrento Valley submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the San Diego market, the Sorrento Valley region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 79 listings have been posted online, so you'll want to check back regularly for new listings. About 75% of the available space in the Sorrento 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,710 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market 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.