The typical asking rate per listing is in the $20's per square foot per year. The Bayside submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 35% increase in rent.
Compared to the rest of the Virginia Beach market, the Bayside submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 8% of the available space in the Bayside are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,660 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1984 and are Class B.
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.