Commercial Real Estate Market in Norwood, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 93 off-market properties in Norwood, NJ.
Market Trends
Norwood, NJ spans 2.8 square miles in Bergen County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norwood, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Norwood, NJ 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 Norwood, NJ 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 Norwood, NJ asks $399/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 51.4%
- Open space 31.7%
- Industrial 5%
- Commercial 2.9%
Largest Zones share of zoned land by district
Park
One Family Residence
One Family Residence
One Family Residence
Light Industrial
Norwood, NJ zones 1,506 acres across 13 districts. Commercial zoning covers 2.9% of zoned land, residential 51.4%, open space 31.7% and industrial 5%. The largest single district is Park at 30.5%. For commercial buyers the practical constraint is that only 7.9% of land carries a commercial or industrial designation.
Park (P)
The purpose of this zone is to promote parks related uses
Market overview
Demographics & Economy
Norwood, NJ has 5,641 residents in 2,048 households. Density runs 2,025 people per square mile. Median household income here is $164,766 and median gross rent $2,446 a month.
5,641
Population
2,048
Households
2.8
Avg Household Size
47
Median Age
60%
College-Educated
97%
High-School Grad
2.8 sq mi
ZIP Area
2,025
Density / Sq Mi
$164,766
Median Household Income
$71,010
Median Earnings
$2,446
Median Rent
$676,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrington Park | — | — |
| Northvale | — | — |
| Rockleigh | — | — |
| Closter | — | $37.74 |
Frequently Asked Questions
What zoning applies to commercial property in Norwood?
Norwood, NJ zones 1,506 acres across 13 districts, of which 2.9% is commercial and 5% industrial. The largest single district is Park at 30.5% of zoned land. The purpose of this zone is to promote parks related uses Residential zoning covers 51.4% and open space 31.7%.
Where does Realmo's Norwood market data come from?
Realmo compiles Norwood, NJ figures from 5 active sale listings, 1 active lease listings, 93 tracked off-market properties, the current Norwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Norwood, NJ. 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: 1,506 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
