Bayside Sublease

Bayside

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
1,230
As of: June 23, 2017

Bayside Rates

On average, listings lease in the $10's per square foot per year. The Bayside submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $17 per sqft per year.

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

Bayside Listing Supply

In the last 90 days, 36 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 47% of the listings in the Bayside are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are approximately 2 stories. Most buildings in this area 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 occupants. 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