On average, listings lease 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 fell $5 per sqft per year. That's a 18% decline in rent.
Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 44 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the Paradise Valley are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,930 sqft. Most properties in this region are approximately 2 floors. Most buildings in this area were built in 1999 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 region. Commute by taxi is the most popular way to get to work amongst Paradise Valley folk. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.