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Most commerial real estate listings for lease are in the $40's per square foot per year. The Norwood submarket is seeing a an increase in rates. In the last 3 months, the median rate for lease rose $26 per sqft per year. That's a 163% increase in rent.
Compared to the rest of the Greater Boston commercial real estate market, the Norwood submarket has more expensive rates for rent, and you may have to negotiate above asking rent to be in this hot submarket.
In the last 180 days, 59 commercial real estate listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available commercial real estate leases in the Norwood are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard size for office space in this area is around 200 sqft. Most buildings in this area are around 1 floors. Most buildings in this market were built approximately 1980 and are Class .
Real time and historical data on commercial real estate listings in Norwood.
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