Paradise Valley Industrial

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,120
As of: January 19, 2017

Paradise Valley Rates

The typical asking rate per listing is in the $20's per square foot per year. The Paradise Valley submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decrease in rent.

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

Paradise Valley Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Paradise Valley are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are around 2 floors. Most buildings in this market were built in 1999 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 approximately 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