The typical asking rate per listing is in the $70's per square foot per year. The West Murphy submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $19 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Silicon Valley market, the West Murphy submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 65 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the office spaces in the West Murphy are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 43,640 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 1 floors. Most buildings in this market were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst West Murphy residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in West Murphy.
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