Norwood Industrial

Norwood

Market Report

Number of Listings
Posted in the last 90 days
16
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,000

Norwood Rates

On average, listings lease in the $10's per square foot per year. The Norwood submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decline in rent.

Norwood Listing Supply

In the last 90 days, 141 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available leases in the Norwood are subleases, so you might be able to snag a great spot on a short term. 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 6,520 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1990 and are Class A.

Norwood Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Norwood folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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