Most listings are in the $60's per square foot per year. The East Murphy submarket is going through a an increase 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 higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 6 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 33% of the office spaces 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 on the market, 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 properties in this area are around 2 stories. Most buildings in this area 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 market. 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.