On average, listings lease in the $30's per square foot per year. The Paradise Valley region is seeing a a rise 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 region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 60 listings have been made available, so you'll want to check back regularly for new listings. About 103% of the available space in the Paradise Valley are subleases, so you might be able to snag a great spot on a short term. 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 2,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 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 market. Commute by taxi is the most popular way to get to work amongst Paradise Valley folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.