The typical asking rate per listing is in the $50's per square foot per year. The West Murphy region is seeing a an increase in rates. In the last 3 months, the median rate rose $59 per sqft per year.
Compared to the rest of the Silicon Valley market, the West Murphy region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available space in the West 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 posted, so finding a space for a small business might be tough.
Even though the median size is 27,930 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this market were built in 1979 and are Class A.
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 area. Commute by motorcycle is the most popular way to get to work amongst West Murphy folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.