The typical asking rate per listing is in the $10's per square foot per year. The Bayside region is going through a decrease in rates. In the last 3 months, the median rate decreased $0 per sqft per year. That's a 0% decrease in rent.
Compared to the rest of the Virginia Beach market, the Bayside submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 273 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available leases in the Bayside are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,830 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Bayside occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Bayside.
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