Commercial Real Estate Market in Milford, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
100 active listings and 522 off-market properties in Milford, DE. Commercial property asks $7/SF to buy and $15.04/SF/Yr to lease.
Market Trends
Milford, DE spans 105.1 square miles in Sussex County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, DE runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Milford, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Milford, DE runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Residential
Single Family Residential
Highway Commercial
Garden Apartment And Townhouse
Limited Industrial
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.
Residential (R-2)
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.
20,827
Population
10,300
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
198
Density / Sq Mi
$65,420
Median Household Income
$40,157
Median Earnings
$1,161
Median Rent
$291,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincoln | — | — |
| Houston | — | — |
| Slaughter Beach | — | — |
| Frederica | — | — |
Commercial property in Milford, DE asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, DE asks an average of $7 per square foot. The 5 most recent recorded sales traded at a median of $73/SF.
How much does it cost to lease commercial space in Milford?
Asking lease rates in Milford, DE average $15.04 per square foot per year.
What zoning applies to commercial property in Milford?
Milford, DE zones 6,128 acres across 16 districts, of which 16.4% is commercial and 11.9% industrial. The largest single district is Residential at 25.1% of zoned land. 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 Residential zoning covers 61.8% and open space 2.3%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, DE figures from 6 recent recorded sales, 79 active sale listings, 21 active lease listings, 522 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 79 active for-sale and 21 active for-lease listings in Milford, DE. 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: 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 August 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 and industrial vacancy is reported at South 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
