Commercial Real Estate Market in Milford, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
37 active listings and 522 off-market properties in Milford, DE. Commercial property asks $164/SF to buy (based on 4 listings) and $15.00/SF/Yr to lease.
Market Trends
Milford, DE spans 105.1 square miles in Sussex County, Delaware. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milford, DE runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Milford, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Milford, DE runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Milford, DE runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 61.8%
- Commercial 16.4%
- Industrial 11.9%
- Civic 7.7%
- Open space 2.3%
- Mixed use 0%
Largest Zones share of zoned land by district
Milford, DE zones 6,128 acres across 16 districts. Commercial zoning covers 16.4% of zoned land, residential 61.8%, open space 2.3% and industrial 11.9%. The largest single district is Residential at 25.1%. For commercial buyers the practical constraint is that only 28.2% of land carries a commercial or industrial designation.
The purpose of this district is to permit housing at a greater density than in the R-1 District by providing for the orderly development of low- to medium-density residential housing into those areas where public services are available. This district also allows for professional home occupations
Market overview
Demographics & Economy
Milford, DE has 20,827 residents in 10,300 households. Density runs 198 people per square mile. Median household income here is $65,420 and median gross rent $1,161 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Milford?
How much does it cost to lease commercial space in Milford?
What zoning applies to commercial property in Milford?
Where does Realmo's Milford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 21 active for-lease listings in Milford, DE. The medians are based on 4 of the for-sale and 12 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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: 6,128 zoned acres across 16 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 South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South 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
