Norwood Office Space

Norwood

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,660
As of: January 15, 2017

Norwood Rates

Most listings are in the $10's per square foot per year. The Norwood region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 12% decline in rent.

Norwood Listing Supply

In the last 90 days, 20 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the office spaces in the Norwood are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 2 stories. 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 area. Commute by car is the most popular way to get to work amongst Norwood occupants. 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