Most listings are in the $40's per square foot per year. The East Murphy submarket is going through a a boost in rates. In the last 3 months, the median rate went up $41 per sqft per year.
Compared to the rest of the Silicon Valley market, the East Murphy submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 6 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the East Murphy are subleases, so you might be able to snag a great spot on a short term. 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 4,330 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are around 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.