The typical asking rate per listing is in the $20's per square foot per year. The Norwood submarket is going through a a rise in rates. In the last 3 months, the median rate rose $28 per sqft per year.
Compared to the rest of the Gold Coast market, the Norwood submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 15 listings have been made available, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, 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 region are around 5 stories. Most buildings in this area 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.