Sorrento Valley Industrial

Sorrento Valley

Office Space Market Report

Number of Listings (last 90 days)
79
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
5,410
As of: May 21, 2017

Sorrento Valley Rates

The typical asking rate per listing is in the $30's per square foot per year. The Sorrento Valley submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% increase in rent.

Compared to the rest of the San Diego market, the Sorrento Valley region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Sorrento Valley Listing Supply

In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the available leases in the Sorrento Valley are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 5,410 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1987 and are Class B.

Sorrento Valley Community

Education is the dominant industry in this market. Most of the occupants 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.

Market Report

Trends and status of the commercial real estate market in Sorrento Valley.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Sorrento Valley.
Research