Sorrento Valley Office Space

Sorrento Valley

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$25
Median Size (sqft)
5,660
As of: December 2, 2016

Sorrento Valley Rates

The typical asking rate per listing is in the $20's per square foot per year. The Sorrento Valley region is experiencing a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 27% decline in rent.

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

Sorrento Valley Listing Supply

In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 7% 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 6,640 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this area were built in 1987 and are Class B.

Sorrento Valley Community

Education is the dominant industry in this area. 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