On average, listings lease in the $20's per square foot per year. The Bayside region is experiencing a a rise in rates. In the last 3 months, the median rate increased $29 per sqft per year.
Compared to the rest of the Virginia Beach market, the Bayside submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 5% of the available space 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 available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,150 sqft. Most buildings 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.