The typical asking rate per listing is in the $50's per square foot per year. The West Murphy submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $20 per sqft per year. That's a 28% decline 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 depreciated region.
In the last 90 days, 7 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available leases in the West 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 available, 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 availabilities below 2,000 sqft. Most properties in this market are close to 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 area. Commute by motorcycle is the most popular way to get to work amongst West Murphy residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.