On average, listings lease in the $30's per square foot per year. The Norwood Cherrylee region is going through a a boost in rates. In the last 3 months, the median rate rose $32 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Norwood Cherrylee region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 9 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 730 sqft. Most properties in this region are approximately 3 stories. Most buildings in this area were built in 2002 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Norwood Cherrylee residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Norwood Cherrylee.
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