Commercial Real Estate Market in Milton, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
49 active listings and 1,565 off-market properties in Milton, FL. Commercial property asks $179/SF to buy and $19.50/SF/Yr to lease (based on 7 listings).
Market Trends
Milton, FL spans 538.7 square miles in Santa Rosa County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milton, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Milton, FL has a median asking sale price of $140/SF (based on 4 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Milton, FL 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 space in Milton, FL has a median asking sale price of $197/SF (based on 5 listings). Vacancy 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 47.7%
- Commercial 32.4%
- Mixed use 4.7%
- Planned_development 3.1%
- Open space 2.4%
- Industrial 0.5%
Largest Zones share of zoned land by district
Milton, FL zones 3,197 acres across 14 districts. Commercial zoning covers 32.4% of zoned land, residential 47.7%, open space 2.4% and industrial 0.5%. The largest single district is Single Family High Density Residential at 18.5%. For commercial buyers the practical constraint is that only 32.9% of land carries a commercial or industrial designation.
C. Residential Zoning Districts. Parcels within the R-1AA, R-1A, R-1, R-2, and R-3 zoning districts may display temporary signage as follows: a. Free Standing Yard Signs. i. A parcel located in any residential zone may display no more than four temporary signs per lot with an aggregate sign area of no more than twelve (12) square feet. ii. No individual sign…
Market overview
Demographics & Economy
Milton, FL has 103,076 residents in 41,597 households. Density runs 191 people per square mile. Median household income here is $82,887 and median gross rent $1,238 a month.
Tools
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?
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 29 active for-sale and 20 active for-lease listings in Milton, FL. The medians are based on 14 of the for-sale and 7 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: 3,197 zoned acres across 14 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
