Norwood Office Space

Norwood

Office Space Market Report

Number of Listings (last 90 days)
74
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
10,720
As of: August 17, 2017

Norwood Rates

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

Norwood Listing Supply

In the last 90 days, 15 listings have been posted online, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Norwood are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 10,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area 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 market. 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