Commercial Real Estate Market in Milford, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
66 active listings and 590 off-market properties in Milford, MA. Commercial property asks $167/SF to buy and $19.02/SF/Yr to lease.
Market Trends
Milford, MA spans 15.1 square miles in Worcester County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milford, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Milford, MA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Milford, MA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Milford, MA asks $216/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 77.4%
- Industrial 15.5%
- Commercial 7.1%
Largest Zones share of zoned land by district
Single Family Residential
Rural Residential C
General Industrial B
Rural Residential D
General Residential
Milford, MA zones 9,618 acres across 13 districts. Commercial zoning covers 7.1% of zoned land, residential 77.4% and industrial 15.5%. The largest single district is Single Family Residential at 29.2%. For commercial buyers the practical constraint is that only 22.7% of land carries a commercial or industrial designation.
Single Family Residential (RB)
ACTIVITY OR USE RA RB RC RD OR BP CA CB CC IA IB IC RECREATIONAL USES Camping, commercial O O O O O O O O O O O O Camping, supervised O A A A O O O O O O O O Commercial recreation/ Indoor l O O O O O O P P P P P P Commercial recreation/ Outdoor l O O O O O O O O P O O O Games of Chance 16 O O O O O O O O O O O O Golf Course l P P P P O P O P P P P P Public S…
Market overview
Demographics & Economy
Milford, MA has 30,479 residents in 11,833 households. Density runs 2,014 people per square mile. Median household income here is $92,951 and median gross rent $1,702 a month.
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,014
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hopedale | — | — |
| Mendon | — | — |
| Bellingham | — | — |
| Upton | — | — |
Commercial property in Milford, MA asks $167/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, MA asks an average of $167 per square foot. The 5 most recent recorded sales traded at a median of $133/SF, so asking sits 25% above the achieved median. Multifamily carries the highest asking price at $216/SF.
How much does it cost to lease commercial space in Milford?
Asking lease rates in Milford, MA average $19.02 per square foot per year.
What zoning applies to commercial property in Milford?
Milford, MA zones 9,618 acres across 13 districts, of which 7.1% is commercial and 15.5% industrial. The largest single district is Single Family Residential at 29.2% of zoned land. ACTIVITY OR USE RA RB RC RD OR BP CA CB CC IA IB IC RECREATIONAL USES Camping, commercial O O O O O O O O O O O O Camping, supervised O A A A O O O O O O O O Commercial recreation/ Indoor l O O O O O O P P P P P P Commercial recreation/ Outdoor l O O O O O O O O P O O O Games of Chance 16 O O O O O O O O O O O O Golf Course l P P P P O P O P P P P P Public S… Residential zoning covers 77.4% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, MA figures from 7 recent recorded sales, 22 active sale listings, 44 active lease listings, 590 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 22 active for-sale and 44 active for-lease listings in Milford, MA. 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: 9,618 zoned acres across 13 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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
