Most listings are in the $50's per square foot per year. The West Murphy region is going through a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Silicon Valley market, the West Murphy submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 7 listings have been listed, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available space in the West Murphy are subleases, so you might be able to find a shorter term or below market rent. 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 20,130 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 1 stories. Most buildings in this area 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 market. Commute by motorcycle is the most popular way to get to work amongst West Murphy occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.