On average, listings lease in the $30's per square foot per year. The Sorrento Valley submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 14% rise 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 region.
In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 80% of the available leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,640 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this area were built in 1987 and are Class B.
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.