On average, listings lease in the $30's per square foot per year. The Sorrento Valley region is going through a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the San Diego market, the Sorrento Valley submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 32 listings have been listed, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 9% of the office spaces in the Sorrento Valley are subleases, so you will probably have to consider a longer term lease. 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 6,640 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1987 and are Class B.
Education is the dominant industry in this area. 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.