Sorrento Mesa Top Office Market This Cycle

Tim Olson

Office users have flocked to the Sorrento Mesa office market this cycle. According to research from JLL, Sorrento Mesa has lead leasing activity in San Diego this cycle with 6.9 million square feet in leasing volume since 2013. That accounts for 536 total transactions with an average deal size of 12,846 square feet. The activity has been consistent with an average of 1 million square feet of activity per year since 2013, with the market already surpassing 1 million square feet in leasing activity year to date.

“Sorrento Mesa is one of the most dynamic submarkets in all San Diego for the variety of companies located here,” Tim Olson, a managing director at JLL, tells GlobeSt.com. “A bulk of the companies is related to the innovative sectors such as life science and technology. Since 2013 Sorrento has seen 60% of leasing combined between the two industries. Many of the other tech and life science companies want to be centrally located as well as nearby other innovation companies.”