Commercial Real Estate Market in Norwood, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 79 off-market properties in Norwood, PA.
Market Trends
Norwood, PA spans 0.8 square miles in Delaware County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Delaware County, office space asks $200/SF to buy. Office vacancy in Norwood, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Across Delaware County, retail space asks $228/SF to buy. Retail vacancy in Norwood, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Norwood, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Across Delaware County, multifamily space asks $192/SF to buy. Multifamily vacancy in Norwood, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 92.2%
- Commercial 5.3%
- Mixed use 2.5%
Largest Zones share of zoned land by district
Norwood, PA zones 522 acres across 7 districts. Commercial zoning covers 5.3% of zoned land, residential 92.2%. The largest single district is Residential District at 53.8%. For commercial buyers the practical constraint is that only 5.3% of land carries a commercial or industrial designation.
A family based community residence facility shall be permitted by right in the R-1 and R-2 Residential Districts, subject to the following regulations: A. No facility shall be located within 400 feet of an existing facility. B. There shall be not more than two residents per bedroom, and this is not to exceed a maximum number of four residents per facility, e…
Market overview
Demographics & Economy
Norwood, PA has 5,943 residents in 2,513 households. Density runs 7,641 people per square mile. Median household income here is $89,135 and median gross rent $1,247 a month.
Tools
Nearby Markets
Across Delaware County, commercial property asks $197/SF. The 2 bordering markets run from $142/SF in Glenolden to $151/SF in Folcroft, and Delaware County sits above their $146/SF median.
Frequently Asked Questions
What does commercial property cost per square foot in Norwood?
How does Norwood compare to nearby markets on price?
What zoning applies to commercial property in Norwood?
Where does Realmo's Norwood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 2 active for-sale and 2 active for-lease listings in Norwood, PA. The sale figure is the Delaware County average, as too few listings here state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 522 zoned acres across 7 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 October 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
