Commercial Real Estate Market in Norwood, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 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 August 2026.
Office
Office space in Norwood, PA asks $168/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Norwood, PA asks $188/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Norwood, PA asks $195/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 92.2%
- Commercial 5.3%
- Mixed use 2.5%
Largest Zones share of zoned land by district
Residential District
Open Space District
Residential District
Highway Commercial District
Town Center 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.
Residential District (R-1)
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.
5,943
Population
2,513
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
0.8 sq mi
ZIP Area
7,641
Density / Sq Mi
$89,135
Median Household Income
$49,098
Median Earnings
$1,247
Median Rent
$227,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Prospect Park | $199 (county avg) | — |
| Holmes | $199 (county avg) | — |
| Glenolden | $199 (county avg) | — |
| Darby Township | $199 (county avg) | — |
Commercial property in Norwood, PA asks $199/SF. The 4 bordering markets run from $199/SF in Prospect Park to $199/SF in Prospect Park, and the city sits in line with their $199/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Norwood?
Commercial property in Norwood, PA asks an average of $199 per square foot. The 4 most recent recorded sales traded at a median of $97/SF, so asking sits 105% above the achieved median. Multifamily carries the highest asking price at $195/SF.
How does Norwood compare to nearby markets on price?
Norwood, PA asks $199/SF against $199/SF in Prospect Park, $199/SF in Holmes, $199/SF in Glenolden and $199/SF in Darby Township.
What zoning applies to commercial property in Norwood?
Norwood, PA zones 522 acres across 7 districts, of which 5.3% is commercial and 0% industrial. The largest single district is Residential District at 53.8% of zoned land. 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… Residential zoning covers 92.2% and open space 0%.
Where does Realmo's Norwood market data come from?
Realmo compiles Norwood, PA figures from 4 recent recorded sales, 2 active sale listings, 2 active lease listings, 79 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 2 active for-sale and 2 active for-lease listings in Norwood, PA. 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.
- 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 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, 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 August 2026 · report a data issue
