On average, listings lease in the $60's per square foot per year. The Carmel Valley region is experiencing a a boost in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the San Diego market, the Carmel Valley region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 34 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Carmel 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 3,300 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 4 floors. Most buildings in this area 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.