The typical asking rate per listing is in the $70's per square foot per year. The West Murphy submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $79 per sqft per year.
Compared to the rest of the Silicon Valley market, the West Murphy region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 27,930 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 1 floors. 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 area. 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.