The typical asking rate per listing is in the $40's per square foot per year. The East Murphy region is seeing a decrease in rates. In the last 3 months, the median rate fell $21 per sqft per year. That's a 34% decrease in rent.
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 depreciated region.
In the last 90 days, 6 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases 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 2,630 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this region 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 folk. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.