Norwood Office Space

Norwood

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,130
As of: February 26, 2017

Norwood Rates

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

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 undervalued region.

Norwood Listing Supply

In the last 90 days, 15 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. 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 1,130 sqft. Most properties in this area are around 5 stories. 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 area. Most of the occupants 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.
Research