Commercial Real Estate Market in Milton, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
595 active listings and 1,566 off-market properties in Milton, FL. Commercial property asks $8/SF to buy and $18.10/SF/Yr to lease.
Market Trends
Milton, FL spans 538.7 square miles in Santa Rosa County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milton, FL 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, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Milton, FL 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 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
Single Family High Density Residential
Multifamily Residential
Single Family Medium Density Residential
General Commercial
Public And Educational
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.
Single Family High Density Residential (R-1)
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.
103,076
Population
41,597
Households
2.5
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
538.7 sq mi
ZIP Area
191
Density / Sq Mi
$82,887
Median Household Income
$42,559
Median Earnings
$1,238
Median Rent
$252,848
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bagdad | — | — |
| Pace | — | — |
| Gonzalez | — | — |
| Brent | — | — |
Commercial property in Milton, FL asks $8/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milton?
Commercial property in Milton, FL asks an average of $8 per square foot. The 6 most recent recorded sales traded at a median of $131/SF.
How much does it cost to lease commercial space in Milton?
Asking lease rates in Milton, FL average $18.10 per square foot per year.
What zoning applies to commercial property in Milton?
Milton, FL zones 3,197 acres across 14 districts, of which 32.4% is commercial and 0.5% industrial. The largest single district is Single Family High Density Residential at 18.5% of zoned land. 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… Residential zoning covers 47.7% and open space 2.4%.
Where does Realmo's Milton market data come from?
Realmo compiles Milton, FL figures from 6 recent recorded sales, 578 active sale listings, 17 active lease listings, 1,566 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 578 active for-sale and 17 active for-lease listings in Milton, FL. 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: 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 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
