The typical asking rate per listing is in the $60's per square foot per year. The East Murphy submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year. That's a 63% rise in rent.
Compared to the rest of the Silicon Valley market, the East Murphy region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 93 listings have been listed, 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 consider a longer term lease. 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 area are approximately 2 floors. Most buildings in this region were built in 1981 and are Class B.
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 area. Commute by walking is the most popular way to get to work amongst East Murphy occupants. Commuting under 5 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 East Murphy.
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