Paradise Valley Retail

3230 E Shea Blvd Space
Paradise Valley, Phoenix, AZ
# Shea Plaza, Retail Space, Pad & Outparcel Retail space available in Shea Plaza, located at the southeast corner of Shea Blvd. and 32nd St., in Phoenix, Ariz. Purchase or ground lease opportunity on hard corner pad. Shea Plaza is part of the NS Retail premier property portfolio that offers: (1) widespread availability across the market allowing multiple deals with single landlord source; (2) opportunity for regional, national and franchise-based tenants to enter market quickly with multiple locations in multiple trade areas; (3) prime intersections with great traffic and class A anchor tenants, such as Walmart, Fry’s and Safeway. Refer to brochure in side column for map of all property locations. Available Space in Shea Plaza - Suite C5: ±2,711 SF - Suite B: ±14,853 SF - Pad C: ±1,300 SF - Outparcel O-1: ±22,000 SF, ground lease or sale Traffic Counts - Shea Boulevard: 19,192 VPD - 32nd Street: 18,767 VPD - Total: 37,959 VPD Features - Fantastic opportunity to get into a busy shopping center anchored by Basha’s and Walgreens - Infill location in affluent trade area - Great visibility to high-traffic intersection - More than 86,800 residents within a three-mile radius - Access to all part of Phoenix Metropolitan Statistical Area via State Route 51 Interchange - Tenants include Bashas’, Goodyear Tire, Leslie’s Pool Supplies, Karen’s Hallmark, Arizona Car Wash, Shea Animal Hospital, Subway and Salon Suites

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,120
As of: January 19, 2017

Paradise Valley Rates

The typical asking rate per listing is in the $20's per square foot per year. The Paradise Valley submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decrease in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Paradise Valley Listing Supply

In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the office spaces in the Paradise Valley are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most properties in this area are around 2 floors. Most buildings in this market 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 region. Commute by taxi is the most popular way to get to work amongst Paradise Valley residents. Commuting approximately 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