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.
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.
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.