Bayside Industrial

Bayside

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,230
As of: June 26, 2017

Bayside Rates

The typical asking rate per listing is in the $10's per square foot per year. The Bayside submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year.

Compared to the rest of the Virginia Beach market, the Bayside submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Bayside Listing Supply

In the last 90 days, 36 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 44% of the office spaces in the Bayside 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,230 sqft. Most properties in this area are around 2 floors. Most buildings in this area 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 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.

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