On average, listings lease in the $10's per square foot per year. The Norwood submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $19 per sqft per year.
In the last 90 days, 21 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 43% of the listings in the Norwood are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 18,450 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1990 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Norwood occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.