West Murphy Industrial

West Murphy

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$51
Median Size (sqft)
20,130
As of: December 8, 2016

West Murphy Rates

Most listings are in the $50's per square foot per year. The West Murphy region is going through a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 28% decrease in rent.

Compared to the rest of the Silicon Valley market, the West Murphy submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

West Murphy Listing Supply

In the last 90 days, 7 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available space in the West 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.

Even though the median size is 20,130 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area were built in 1979 and are Class A.

West Murphy Community

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 market. Commute by motorcycle is the most popular way to get to work amongst West Murphy occupants. Commuting close to 30 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 West Murphy.
Market Report

Market Data

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

Sunnyvale Submarkets