Most listings are in the $40's per square foot per year. The East Murphy submarket is experiencing 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 region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 6 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 83% of the available space 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 listings below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst East Murphy residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.