Commercial Real Estate Market in Milton, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
92 active listings and 160 off-market properties in Milton, DE. Commercial property asks $1,597/SF to buy and $24.33/SF/Yr to lease.
Market Trends
Milton, DE spans 63.9 square miles in Sussex County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milton, 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 Milton, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Milton, 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 87.7%
- Commercial 5.8%
- Industrial 3.9%
- Civic 2%
Largest Zones share of zoned land by district
Single Family Residential Use
Single Family Residential Use
General And Multifamily Residential Use
Commercial And Business Use
Light Industrial Use
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.
13,800
Population
7,380
Households
1.9
Avg Household Size
53
Median Age
40%
College-Educated
94%
High-School Grad
63.9 sq mi
ZIP Area
216
Density / Sq Mi
$81,646
Median Household Income
$43,088
Median Earnings
$1,408
Median Rent
$418,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nassau | — | — |
| Harbeson | — | — |
| Ellendale | — | — |
| Lewes | — | $22.78 |
Commercial property in Milton, DE asks $1,597/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milton?
Commercial property in Milton, DE asks an average of $1,597 per square foot.
How much does it cost to lease commercial space in Milton?
Asking lease rates in Milton, DE average $24.33 per square foot per year.
What zoning applies to commercial property in Milton?
Milton, DE zones 1,696 acres across 7 districts, of which 5.8% is commercial and 3.9% industrial. The largest single district is Single Family Residential Use at 49.3% of zoned land. Residential zoning covers 87.7% and open space 0%.
Where does Realmo's Milton market data come from?
Realmo compiles Milton, DE figures from 6 recent recorded sales, 87 active sale listings, 5 active lease listings, 160 tracked off-market properties, the current Milton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 87 active for-sale and 5 active for-lease listings in Milton, 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: 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 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
