Sorrento Valley Industrial

Sorrento Valley

Office Space Market Report

Number of Listings (last 90 days)
79
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,990
As of: March 12, 2017

Sorrento Valley Rates

Most listings are in the $20'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 increased $2 per sqft per year. That's a 6% 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 submarket.

Sorrento Valley Listing Supply

In the last 90 days, 79 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Sorrento Valley are subleases, so you will probably have to focus your search on direct office leases. 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 2,990 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1987 and are Class B.

Sorrento Valley Community

Education is the dominant industry in this region. 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.

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