On average, listings lease in the $60's per square foot per year. The Carmel Valley region is seeing a a boost in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the San Diego market, the Carmel Valley region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 18 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Carmel Valley are subleases, so you might be able to sign a shorter term by taking over a previous 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 6,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 4 floors. Most buildings in this market 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 market. 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.