On average, listings lease in the $10's per square foot per year. The Bayside submarket is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year.
Compared to the rest of the Seattle Metropolitan Area market, the Bayside region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 17 listings have come on the market, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 41% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,550 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this area were built in 1925 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Most of the residents of Bayside work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.