East Murphy Retail

East Murphy

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$47
Median Size (sqft)
1,800
As of: December 8, 2016

East Murphy Rates

The typical asking rate per listing is in the $40's per square foot per year. The East Murphy submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 25% decline in rent.

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

East Murphy Listing Supply

In the last 90 days, 3 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 67% of the listings in the East 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.

The standard measurement for office space in this area is around 1,800 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1981 and are Class B.

East Murphy Community

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.

Market Report

Trends and status of the commercial real estate market in East Murphy.
Market Report

Market Data

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

Sunnyvale Submarkets