West Murphy Sublease

West Murphy

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

West Murphy Rates

Most listings are in the $70's per square foot per year. The West Murphy region is going through a a rise in rates. In the last 3 months, the median rate rose $40 per sqft per year. That's a 125% rise in rent.

Compared to the rest of the Silicon Valley market, the West Murphy region has more expensive rates, and you'll need to pay a premium to be in this hot region.

West Murphy Listing Supply

In the last 90 days, 7 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% 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 37,130 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are around 1 floors. Most buildings in this region were built in 1989 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 region. Commute by motorcycle is the most popular way to get to work amongst West Murphy folk. Commuting approximately 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.