East Murphy Industrial

East Murphy

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
1,070
As of: March 1, 2017

East Murphy Rates

On average, listings lease in the $60's per square foot per year. The East Murphy region is experiencing a an increase in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a 34% rise in rent.

Compared to the rest of the Silicon Valley market, the East Murphy region has greater rates, and you'll need to pay a premium to be in this hot region.

East Murphy Listing Supply

In the last 90 days, 5 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 40% of the listings in the East Murphy are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,070 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region 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 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.

Market Report

Trends and status of the commercial real estate market in East Murphy.
Market Report

Market Data

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