Paradise Valley Sublease

Paradise Valley

Office Space Market Report

Number of Listings (last 90 days)
60
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
3,910
As of: May 18, 2017

Paradise Valley Rates

The typical asking rate per listing is in the $30's per square foot per year. The Paradise Valley submarket is going through a a rise in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 64% increase in rent.

Compared to the rest of the Phoenix Metropolitan Area market, the Paradise Valley region has greater rates, and you'll need to pay a premium to be in this hot region.

Paradise Valley Listing Supply

In the last 90 days, 60 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available space 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.

Even though the median size is 3,910 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 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 around 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