Commercial Real Estate Market in Norwood Young America, MN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
15 active listings and 145 off-market properties in Norwood Young America, MN.
Market Trends
Norwood Young America, MN spans 62.5 square miles in Carver County, Minnesota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norwood Young America, MN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Norwood Young America, MN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Norwood Young America, MN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Norwood Young America, MN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Norwood Young America, MN has 5,176 residents in 2,015 households. Density runs 83 people per square mile. Median household income here is $77,001 and median gross rent $1,044 a month.
5,176
Population
2,015
Households
2.6
Avg Household Size
41
Median Age
24%
College-Educated
97%
High-School Grad
62.5 sq mi
ZIP Area
83
Density / Sq Mi
$77,001
Median Household Income
$48,917
Median Earnings
$1,044
Median Rent
$314,416
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cologne | — | — |
| Hamburg | — | — |
| Mayer | — | — |
| Waconia | — | — |
Commercial property in Norwood Young America, MN asks $233/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norwood Young America?
Commercial property in Norwood Young America, MN asks an average of $233 per square foot.
Where does Realmo's Norwood Young America market data come from?
Realmo compiles Norwood Young America, MN figures from 4 recent recorded sales, 15 active sale listings, 145 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 0 active for-lease listings in Norwood Young America, MN. 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.
- 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
