The typical asking rate per listing is in the $70's per square foot per year. The West Murphy submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a 32% rise in rent.
Compared to the rest of the Silicon Valley market, the West Murphy region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 65 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the available leases in the West Murphy are subleases, so you will probably have to consider a longer term lease. 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 150,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 1 floors. Most buildings in this region 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 folk. Commuting approximately 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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