Commercial Real Estate Market in Milton, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 160 off-market properties in Milton, DE. Commercial property asks $293/SF to buy (based on 4 listings) and $26.00/SF/Yr to lease (based on 4 listings).
Market Trends
Milton, DE spans 63.9 square miles in Sussex County, Delaware. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milton, DE runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Milton, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Milton, 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 Milton, 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 87.7%
- Commercial 5.8%
- Industrial 3.9%
- Civic 2%
Largest Zones share of zoned land by district
Milton, DE zones 1,696 acres across 7 districts. Commercial zoning covers 5.8% of zoned land, residential 87.7% and industrial 3.9%. The largest single district is Single Family Residential Use at 49.3%. For commercial buyers the practical constraint is that only 9.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Milton, DE has 13,800 residents in 7,380 households. Density runs 216 people per square mile. Median household income here is $81,646 and median gross rent $1,408 a month.
Tools
Nearby Markets
Commercial property in Milton, DE asks $293/SF. The 2 bordering markets run from $191/SF in Millsboro to $345/SF in Lewes, and the city sits above their $268/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Milton?
How much does it cost to lease commercial space in Milton?
How does Milton compare to nearby markets on price?
What zoning applies to commercial property in Milton?
Where does Realmo's Milton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 8 active for-lease listings in Milton, DE. The medians are based on 4 of the for-sale and 4 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: 1,696 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 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 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 October 2026 · How Realmo checks market page data · Report a data issue
