Paradise Valley Retail

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Paradise Valley Rates

Most listings are in the $20's per square foot per year. The Paradise Valley region is going through a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase 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, 71 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Paradise Valley are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,460 sqft. Most properties in this area are close to 2 floors. Most buildings in this region 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 occupants. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.