Norwood Office Space


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 26, 2016

Norwood Rates

On average, listings lease in the $20's per square foot per year. The Norwood region is going through a a boost in rates. In the last 3 months, the median rate rose $28 per sqft per year. That's a Inf% rise in rent.

Compared to the rest of the Gold Coast market, the Norwood region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Norwood Listing Supply

In the last 90 days, 13 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. 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 1,250 sqft. Most properties in this market are close to 5 floors. Most buildings in this market were built in 1973 and are Class B.

Norwood Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this region. Most of the residents of Norwood work from home. 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 Norwood.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Norwood.