Norwood, MA
Commercial Real Estate Market Trends & Data

$357 Avg asking sale price
$17 Avg asking lease rate
11,557 SF Avg unit lease size
16,391 SF Avg building size for sale
5.63% Average cap rate

Norwood's Demographic Profile

Norwood has 12,418 households and a median income of $99,630, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 30,236
# Households 12,418
Median age 42
Median household income $99,630
Avg household size 2.0
Renter-occupied housing units 5,668
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Norwood, MA

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Norwood $469 5,787 SF
Westwood $925 9,023 SF
Walpole $601 4,634 SF
Canton $212 1,965 SF
Dedham $1,022 5,707 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Hyde Park $326 7,767 SF 5.80%
Milton $269 7,066 SF 10.00%
Jamaica Plain $440 11,645 SF 6.68%

Commercial Properties For Sale in Norwood

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

89 Access Rd

Norwood, MA 02062

  • 59,231 SF Industrial Building
  • $325,000
For Sale

150 Kerry Pl

Norwood, MA 02062

  • 18,469 SF Office Building
  • $2,575,000
For Sale

Auto Repair Facility

Norwood, MA 02062

  • 14,000 SF Retail Building
  • $3,250,000
For Sale

900 Pleasant St

Norwood, MA 02062

  • 2,600 SF Retail Building
  • 4.25% Cap Rate
  • $2,500,000
For Sale

1014 Washington St

Norwood, MA 02062

  • 3,471 SF Retail Building
  • Price Upon Request
For Sale

151 Boston Providence Tpke

Norwood, MA 02062

  • 1.06 AC Lot
  • 1 Commercial Lot
  • Price Upon Request

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Norwood pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Norwood $357 16,391 SF
Westwood $1,310 21,963 SF
Walpole $364 11,260 SF
Canton $318 14,248 SF

Regional Demographic Comparison

This comparison places Norwood alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Norwood or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Norwood 30,236 12,418 42 $99,630 2 5,668 -2%
Westwood 17,070 5,788 44 $188,512 3 979 1%
Walpole 28,516 10,282 43 $143,309 3 1,855 2%
Canton 24,335 9,461 43 $128,667 3 2,847 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Norwood, MA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Norwood

View All Commercial Real Estate For Sale in Norwood
Is Norwood a good market for a first-time commercial real estate investor?

Norwood offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Norwood?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Norwood. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Norwood?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Norwood. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Norwood compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Norwood. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Norwood acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Norwood, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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