Bayside Industrial

Bayside

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,270
As of: January 15, 2017

Bayside Rates

Most listings are in the $20's per square foot per year. The Bayside region is seeing a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year.

Compared to the rest of the Virginia Beach market, the Bayside submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Bayside Listing Supply

In the last 90 days, 7 listings have been posted online, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 14% of the available space in the Bayside are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,270 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region were built in 1984 and are Class B.

Bayside Community

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 area. 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.

Market Report

Trends and status of the commercial real estate market in Bayside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bayside.
Research