Paradise Valley Industrial

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
879
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,620
As of: August 17, 2017

Paradise Valley Rates

On average, listings lease in the $20's per square foot per year. The Paradise Valley region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 8% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley region has higher rates, and you'll need to pay a premium to be in this hot submarket.

Paradise Valley Listing Supply

In the last 90 days, 60 listings have come on the market, so you'll want to check back regularly for new listings. About 63% of the available leases in the Paradise Valley are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,620 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1998 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 folk. Commuting around 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

Phoenix Submarkets