Sorrento Valley Retail

Sorrento Valley

Office Space Market Report

Number of Listings (last 90 days)
79
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,710
As of: July 24, 2017

Sorrento Valley Rates

On average, listings lease in the $20's per square foot per year. The Sorrento Valley region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.

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

Sorrento Valley Listing Supply

In the last 90 days, 79 listings have been listed, so you'll want to check back regularly for new listings. About 61% of the available space in the Sorrento Valley are subleases, so you might be able to snag a great spot on a short term. 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 3,710 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1987 and are Class B.

Sorrento Valley Community

Education is the dominant industry in this region. 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