Paradise Valley Industrial

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,010
As of: February 24, 2017

Paradise Valley Rates

Most listings are in the $10's per square foot per year. The Paradise Valley region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 21% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley region has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

Paradise Valley Listing Supply

In the last 90 days, 58 listings have been posted online, so you'll want to check back regularly for new listings. About 3% 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,010 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 2000 and are Class B.

Paradise Valley Community

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 region. 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.

Market Report

Trends and status of the commercial real estate market in Paradise Valley.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Paradise Valley.
Research