Sorrento Valley Retail

Sorrento Valley

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
6,230
As of: December 7, 2016

Sorrento Valley Rates

Most listings are in the $20's per square foot per year. The Sorrento Valley submarket is going through a decline in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 31% decrease 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 depreciated submarket.

Sorrento Valley Listing Supply

In the last 90 days, 43 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 need to sign a longer term lease with the landlord directly. 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 5,660 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 stories. Most buildings in this region 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