Bayside Sublease

Bayside

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,570
As of: February 26, 2017

Bayside Rates

On average, listings lease in the $10's per square foot per year. The Bayside submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 43% decrease in rent.

Compared to the rest of the Virginia Beach market, the Bayside region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Bayside Listing Supply

In the last 90 days, 37 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Bayside are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 2,570 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 2 floors. Most buildings in this region were built in 1984 and are Class B.

Bayside Community

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.

Market Report

Trends and status of the commercial real estate market in Bayside.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Bayside.
Research