Paradise Valley Office Space

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
60
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,810
As of: June 22, 2017

Paradise Valley Rates

On average, listings lease in the $30's per square foot per year. The Paradise Valley region is experiencing a a boost in rates. In the last 3 months, the median rate increased $36 per sqft per year.

Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Paradise Valley Listing Supply

In the last 90 days, 60 listings have been made available, so you'll want to check back regularly for new listings. About 108% of the office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,110 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this area 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 area. Commute by taxi is the most popular way to get to work amongst Paradise Valley residents. 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