East Murphy Industrial

East Murphy

Market Report

Number of Listings
Posted in the last 90 days
2
Median Rate ($/sqft/yr)
$67
Median Size (sqft)
2,050

East Murphy Rates

Most listings are in the $60's per square foot per year. The East Murphy region is going through a a boost in rates. In the last 3 months, the median rate rose $26 per sqft per year. That's a 63% increase in rent.

Compared to the rest of the Silicon Valley market, the East Murphy submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

East Murphy Listing Supply

In the last 90 days, 93 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the listings in the East Murphy 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,050 sqft. Most buildings in this region are close to 2 stories. Most buildings in this area were built in 1981 and are Class B.

East Murphy Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst East Murphy residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in East Murphy.
Research