Norwood Office Space

Norwood

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
7,000
As of: August 16, 2017

Norwood Rates

The typical asking rate per listing is in the $20's per square foot per year. The Norwood submarket is going through a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 16% increase in rent.

Norwood Listing Supply

In the last 90 days, 21 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 62% of the available leases in the Norwood are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1993 and are Class A.

Norwood Community

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