Is Norwood, MA the Right Location to Find a Retail Space?

Norwood is a town that is part of the Norfolk County in Massachusetts. It has an ideal location, mainly because it is in the Greater Boston area, which can be beneficial for many business owners. It is set on the Neponset River, so there is plenty of water around the whole area. However, the land is more dominant, and this town is even known for many shops and stores, including a considerable cluster of auto dealerships right on the Route 1 area.

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Retail Space

This town is quite famous for applying the concept of having several businesses joining together in a particular shopping center. Additionally, if you are happy to compete with other companies, you can find yourself in a highly active community. Plus, the location is useful if your employees need to go to and from this town. It is connected to the US 1, which is a major artery through the city as it runs from West Roxbury to Rhode Island’s Providence.

There are also three MBTA rail stations that daily serve the area that are situated at the Windsor Gardens, the town’s Depot, and Central. Transportation through the air is easy, thanks to the town’s very own Memorial Airport. Other options include MBTA bus route 34E and Interstate 95.

Properties for Lease

The town has a wide selection of retail space, including those situated in the Boston Providence Turnpike. The location is quite appealing for those who are searching for a unit that they can lease. The area has high traffic, thanks to its proximity to US Route 1 as well as Dean Street. It is just four miles from I-95 and 128. In this neighborhood, you will mostly find buildings that ask for approximately $30 to $40 per square foot per year.

You will also see more options at other neighborhoods, including Vanderbilt Avenue and Guild Street where the properties are a little less expensive. You will see some first-floor units that cost $14 to $16 per square foot per year.

Commercial Units You Can Buy

If you are looking to purchase a property, instead of leasing, Walpole Street is a good start. A class C building that is located in this area will typically be sold at more than $1.2 million for a 4,000+ square foot unit. This community offers excellent transit options, and it is also easy for your employees or customers to get to the area.

This street will give you plenty of benefits if you choose to have your business store here. One reason is that there is a retail plaza in this area, which means it is a busy neighborhood. There is also 50K+ population within the next three miles.

When selecting the property to buy or even lease, you should go to a place in town that has some well-recognized names in the business world. What is great about neighborhoods such as Nichols Street, Willett Street, Bullard Street, and the ones mentioned above is that they have several options, especially for new establishments.

Most of the properties are quite affordable, so you do not have to break the bank to buy a place for your business. Whether you are just starting out or you have been in the industry for quite some time, the location of your business is crucial. It cannot be denied that the commercial landscape is competitive and this town offers a great chance with the numerous choices of units in several neighborhoods.

You may find that the cost of the rents here is a little expensive, but the rates are much more affordable than the nearby towns. Plus, the inventory is high, so you have plenty to choose from.

How to List Your Property

On the other hand, if you have a property for sale or lease in Norwood, you want it to be filled with a good business right away. If it is still vacant, what you need to do now is to list the building online. You can gain more if the property is in a good location. Many entrepreneurs will be willing to pay for the high rent or purchase price as long as the place has prime foot traffic and provides walk-ins with ease of access for customers.

You want other people to see that your business is well worth their investment. If you have multiple units and they have a reasonable rate yet they remain vacant, it may be because no one knows about it. Make sure these potential renters or buyers are aware of your property by listing it with us.

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Retail Space