On average, listings lease in the $20's per square foot per year. The Bayside region is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Bayside region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 17 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 920 sqft. Most properties in this market are around 4 floors. Most buildings in this area were built in 1920 and are Class A.
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 region. 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.