Commercial Real Estate Market in Westwood, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
23 active listings and 177 off-market properties in Westwood, MA. Commercial property asks $184/SF to buy and $17.02/SF/Yr to lease.
Market Trends
Westwood, MA spans 10.9 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westwood, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Westwood, MA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Westwood, MA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Westwood, MA asks $386/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 84.1%
- Industrial 10.8%
- Commercial 0.4%
Largest Zones share of zoned land by district
Single Residence E
Industrial
Single Residence A
Admin Research Office
General Residence
Westwood, MA zones 5,420 acres across 13 districts. Commercial zoning covers 0.4% of zoned land, residential 84.1% and industrial 10.8%. The largest single district is Single Residence E at 70.3%. For commercial buyers the practical constraint is that only 11.2% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Westwood, MA has 16,266 residents in 5,721 households. Density runs 1,494 people per square mile. Median household income here is $205,000 and median gross rent $2,390 a month.
16,266
Population
5,721
Households
2.8
Avg Household Size
44
Median Age
71%
College-Educated
96%
High-School Grad
10.9 sq mi
ZIP Area
1,494
Density / Sq Mi
$205,000
Median Household Income
$86,061
Median Earnings
$2,390
Median Rent
$985,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwood | — | $15.27 |
| Dedham | — | — |
| Dover | — | — |
| Walpole | — | $15.77 |
Commercial property in Westwood, MA asks $184/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westwood?
Commercial property in Westwood, MA asks an average of $184 per square foot. The 6 most recent recorded sales traded at a median of $353/SF. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Westwood?
Asking lease rates in Westwood, MA average $17.02 per square foot per year.
What zoning applies to commercial property in Westwood?
Westwood, MA zones 5,420 acres across 13 districts, of which 0.4% is commercial and 10.8% industrial. The largest single district is Single Residence E at 70.3% of zoned land. Residential zoning covers 84.1% and open space 0%.
Where does Realmo's Westwood market data come from?
Realmo compiles Westwood, MA figures from 7 recent recorded sales, 10 active sale listings, 13 active lease listings, 177 tracked off-market properties, the current Westwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 13 active for-lease listings in Westwood, MA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,420 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
