On average, listings lease in the $20's per square foot per year. The Sorrento Valley submarket is going through a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the San Diego market, the Sorrento Valley region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 74 listings have come on the market, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Sorrento 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 2,750 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region 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.