On average, listings lease in the $10's per square foot per year. The Norwood submarket is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 21 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the available leases in the Norwood 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 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 area. 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.