Carmel Valley Sublease

Carmel Valley

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
2,900
As of: May 22, 2017

Carmel Valley Rates

The typical asking rate per listing is in the $60's per square foot per year. The Carmel Valley region is going through a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 10% increase in rent.

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

Carmel Valley Listing Supply

In the last 90 days, 16 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the office spaces in the Carmel Valley are subleases, so you might be able to find a shorter term or below market rent. 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 2,900 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 4 stories. Most buildings in this region 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 region. 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.
Research