Carmel Valley Sublease

Carmel Valley

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$61
Median Size (sqft)
2,700
As of: July 26, 2017

Carmel Valley Rates

On average, listings lease in the $60's per square foot per year. The Carmel Valley submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the San Diego market, the Carmel Valley region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Carmel Valley Listing Supply

In the last 90 days, 16 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 113% of the listings in the Carmel 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 2,700 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this area were built in 1998 and are Class A.

Carmel Valley Community

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 residents. Commuting between 20 and 25 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 Carmel Valley.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Carmel Valley.
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