Norwood Retail

Norwood

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,870
As of: March 12, 2017

Norwood Rates

The typical asking rate per listing is in the $10's per square foot per year. The Norwood submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 20% rise in rent.

Norwood Listing Supply

In the last 90 days, 21 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 5% of the available space 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 5,870 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market 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 region. 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