On average, listings lease in the $60's per square foot per year. The Carmel Valley submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the San Diego market, the Carmel Valley region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 34 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 9% of the listings in the Carmel 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 4 floors. Most buildings in this area were built in 1998 and are Class A.
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 region. Commute by bike is the most popular way to get to work amongst Carmel Valley occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.