On average, listings lease in the $20's per square foot per year. The Bayside region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Bayside submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 920 sqft. Most buildings in this region are approximately 4 floors. Most buildings in this region 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 occupants 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.