West Murphy Sublease

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 17, 2017

West Murphy Rates

Most listings are in the $30's per square foot per year. The West Murphy submarket is going through a decline in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 33% decrease in rent.

Compared to the rest of the Silicon Valley market, the West Murphy region 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 listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 33% of the office spaces 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 7,300 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 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 occupants. Commuting around 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