Norwood Retail

Norwood

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
23,430
As of: June 29, 2017

Norwood Rates

On average, listings lease in the $20's per square foot per year. The Norwood region is experiencing a a rise in rates. In the last 3 months, the median rate increased $22 per sqft per year.

Norwood Listing Supply

In the last 90 days, 21 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 57% of the office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 6,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 2 stories. 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 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