West Murphy Office Space

West Murphy

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
7,300
As of: August 19, 2017

West Murphy Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Murphy submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 33% decline in rent.

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

West Murphy Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 7,300 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this region 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 residents. Commuting approximately 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