Most listings are in the $10's per square foot per year. The Bayside submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 43% decline in rent.
Compared to the rest of the Virginia Beach market, the Bayside region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 36 listings have been made available, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Bayside are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,570 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties 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 region. Commute by motorcycle is the most popular way to get to work amongst Bayside folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.