The typical asking rate per listing is 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 decreased $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 have to negotiate above asking rent to be in this hot region.
In the last 90 days, 60 listings have been listed, so you'll want to check back regularly for new listings. About 63% of the office spaces in the Paradise Valley are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, 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 availabilities below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1998 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.