Commercial Real Estate Market in Milford, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 1,346 off-market properties in Milford, CT. Commercial property asks $81/SF to buy and $18.39/SF/Yr to lease.
Market Trends
Milford, CT spans 22.2 square miles in New Haven County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Milford, CT asks $126/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 Milford, CT asks $155/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 Milford, CT 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 Milford, CT asks $189/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 67%
- Industrial 7.2%
- Open space 6.5%
- Commercial 3.1%
- Mixed use 0.2%
Largest Zones share of zoned land by district
One Family Residential
One Family Residential
One Family Residential
One Family Residential
One Family Residential
Milford, CT zones 10,725 acres across 34 districts. Commercial zoning covers 3.1% of zoned land, residential 67%, open space 6.5% and industrial 7.2%. The largest single district is One Family Residential at 17.5%. For commercial buyers the practical constraint is that only 10.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Milford, CT has 52,044 residents in 23,893 households. Density runs 2,349 people per square mile. Median household income here is $111,689 and median gross rent $1,849 a month.
52,044
Population
23,893
Households
2.2
Avg Household Size
47
Median Age
49%
College-Educated
96%
High-School Grad
22.2 sq mi
ZIP Area
2,349
Density / Sq Mi
$111,689
Median Household Income
$65,142
Median Earnings
$1,849
Median Rent
$379,383
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Orange | — | $18.94 |
| Stratford | — | $18.01 |
| Derby | — | — |
| Huntington | — | $18.15 |
Commercial property in Milford, CT asks $81/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, CT asks an average of $81 per square foot. The 5 most recent recorded sales traded at a median of $251/SF. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in Milford?
Asking lease rates in Milford, CT average $18.39 per square foot per year.
What zoning applies to commercial property in Milford?
Milford, CT zones 10,725 acres across 34 districts, of which 3.1% is commercial and 7.2% industrial. The largest single district is One Family Residential at 17.5% of zoned land. Residential zoning covers 67% and open space 6.5%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, CT figures from 7 recent recorded sales, 50 active sale listings, 33 active lease listings, 1,346 tracked off-market properties, the current Milford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 33 active for-lease listings in Milford, CT. 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: 10,725 zoned acres across 34 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
