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 increased $5 per sqft per year. That's a 29% rise in rent.
Compared to the rest of the Seattle Metropolitan Area market, the Bayside region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have been listed, which means listings 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 820 sqft. Most buildings in this market are approximately 4 floors. Most buildings in this market 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 area. 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.