On average, listings lease in the $30's per square foot per year. The Paradise Valley region is going through a an increase in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 879 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available leases in the Paradise Valley are subleases, so you will probably have to focus your search on direct office leases. 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 2,680 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1999 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 residents. 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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