Commercial Real Estate Market in Paradise Valley, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
62 active listings and 600 off-market properties in Paradise Valley, AZ. Commercial property asks $296/SF to buy and $37.00/SF/Yr to lease.
Market Trends
Paradise Valley, AZ spans 18.1 square miles in Maricopa County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Paradise Valley, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Paradise Valley, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Paradise Valley, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Paradise Valley, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Paradise Valley, AZ has 17,358 residents in 8,815 households. Density runs 959 people per square mile. Median household income here is $182,150 and median gross rent $1,935 a month.
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Paradise Vly | — | — |
| Scottsdale | — | $28.69 |
| Tempe | — | $19.83 |
Commercial property in Paradise Valley, AZ asks $296/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paradise Valley?
Commercial property in Paradise Valley, AZ asks an average of $296 per square foot. The 4 most recent recorded sales traded at a median of $439/SF.
How much does it cost to lease commercial space in Paradise Valley?
Asking lease rates in Paradise Valley, AZ average $37.00 per square foot per year.
Where does Realmo's Paradise Valley market data come from?
Realmo compiles Paradise Valley, AZ figures from 5 recent recorded sales, 59 active sale listings, 3 active lease listings, 600 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 3 active for-lease listings in Paradise Valley, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
