Norwood Office Space

Norwood

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
7,000
As of: July 21, 2017

Norwood Rates

Most listings are in the $10's per square foot per year. The Norwood region is going through a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 14% decline in rent.

Norwood Listing Supply

In the last 90 days, 21 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 48% of the available space in the Norwood are subleases, so you might be able to find a shorter term or below market rent. 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 23,430 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 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 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