The typical asking rate per listing is in the $30's per square foot per year. The Paradise Valley region is seeing a a boost in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 879 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available space in the Paradise Valley are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,510 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1998 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Paradise Valley occupants. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Paradise Valley.
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