Commercial Real Estate Market in Norwood, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 25 off-market properties in Norwood, OH.
Market Trends
Norwood, OH spans 3.7 square miles in Hamilton County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Norwood, OH 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, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Norwood, OH 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 space in Norwood, OH asks $146/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.6%
- Planned_development 17.6%
- Commercial 12.2%
- Industrial 9.1%
Largest Zones share of zoned land by district
One And Two Family Residence
One Family Residence
General Business District
Multifamily District
Residential Mixed Density
Norwood, OH zones 1,951 acres across 19 districts. Commercial zoning covers 12.2% of zoned land, residential 59.6% and industrial 9.1%. The largest single district is One And Two Family Residence at 25.5%. For commercial buyers the practical constraint is that only 21.3% of land carries a commercial or industrial designation.
One And Two Family Residence (R2)
Established to promote one family and two family residence use classification
Market overview
Demographics & Economy
Norwood, OH has 21,885 residents in 11,027 households. Density runs 5,977 people per square mile. Median household income here is $63,698 and median gross rent $932 a month.
21,885
Population
11,027
Households
2
Avg Household Size
33
Median Age
38%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
5,977
Density / Sq Mi
$63,698
Median Household Income
$43,413
Median Earnings
$932
Median Rent
$229,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Evanston | — | — |
| Walnut Hills | — | — |
| Avondale | — | — |
| Bellevue | — | — |
Commercial property in Norwood, OH asks $214/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norwood?
Commercial property in Norwood, OH asks an average of $214 per square foot. Multifamily carries the highest asking price at $146/SF.
What zoning applies to commercial property in Norwood?
Norwood, OH zones 1,951 acres across 19 districts, of which 12.2% is commercial and 9.1% industrial. The largest single district is One And Two Family Residence at 25.5% of zoned land. Established to promote one family and two family residence use classification Residential zoning covers 59.6% and open space 0%.
Where does Realmo's Norwood market data come from?
Realmo compiles Norwood, OH figures from 15 active sale listings, 2 active lease listings, 25 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 15 active for-sale and 2 active for-lease listings in Norwood, OH. 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: 1,951 zoned acres across 19 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 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
