Norwood Industrial

Norwood

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
5,570
As of: December 2, 2016

Norwood Rates

On average, listings lease in the $10's per square foot per year. The Norwood region is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 14% increase in rent.

Norwood Listing Supply

In the last 90 days, 6 listings have been listed, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the available space 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 5,570 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst Norwood residents. Commuting between 30 and 45 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

Norwood Submarkets