Bayside Office Space

Bayside

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,500
As of: July 24, 2017

Bayside Rates

The typical asking rate per listing is in the $10's per square foot per year. The Bayside submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% 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 discounted submarket.

Bayside Listing Supply

In the last 90 days, 36 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 47% of the listings 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 1,500 sqft. Most buildings in this region are around 2 stories. 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 area. Commute by motorcycle is the most popular way to get to work amongst Bayside residents. 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