West Murphy Office Space

West Murphy

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

West Murphy Rates

Most listings are in the $70's per square foot per year. The West Murphy submarket is going through a a rise in rates. In the last 3 months, the median rate increased $40 per sqft per year. That's a 125% increase in rent.

Compared to the rest of the Silicon Valley market, the West Murphy region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

West Murphy Listing Supply

In the last 90 days, 7 listings have been made available, which means new availabilities most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space in the West Murphy are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 37,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 1 stories. Most buildings in this market were built in 1989 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 around 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.