Commercial Real Estate Market in Milton, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 155 off-market properties in Milton, MA. Commercial property asks $1,730/SF to buy and $37.00/SF/Yr to lease.
Market Trends
Milton, MA spans 13.7 square miles in Norfolk County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milton, 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 Milton, 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 Milton, 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 Milton, MA asks $386/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 99.4%
- Commercial 0.6%
Largest Zones share of zoned land by district
Residential A
Residential C
Residential AA
Residential B
Residential D1
Milton, MA zones 8,557 acres across 9 districts. Commercial zoning covers 0.6% of zoned land, residential 99.4%. The largest single district is Residential A at 52.9%. For commercial buyers the practical constraint is that only 0.6% of land carries a commercial or industrial designation.
Residential A (RES-A)
The purpose of this district RES-A is to promote Residential A uses.
Market overview
Demographics & Economy
Milton, MA has 28,637 residents in 9,447 households. Density runs 2,091 people per square mile. Median household income here is $177,222 and median gross rent $1,545 a month.
28,637
Population
9,447
Households
3
Avg Household Size
41
Median Age
70%
College-Educated
96%
High-School Grad
13.7 sq mi
ZIP Area
2,091
Density / Sq Mi
$177,222
Median Household Income
$83,510
Median Earnings
$1,545
Median Rent
$896,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Quincy | — | $29.02 |
| Braintree | — | $24.05 |
| Dedham | — | — |
| Boston | — | $50.98 |
Commercial property in Milton, MA asks $1,730/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milton?
Commercial property in Milton, MA asks an average of $1,730 per square foot. The 8 most recent recorded sales traded at a median of $338/SF, so asking sits 411% above the achieved median. Multifamily carries the highest asking price at $386/SF.
How much does it cost to lease commercial space in Milton?
Asking lease rates in Milton, MA average $37.00 per square foot per year.
What zoning applies to commercial property in Milton?
Milton, MA zones 8,557 acres across 9 districts, of which 0.6% is commercial and 0% industrial. The largest single district is Residential A at 52.9% of zoned land. The purpose of this district RES-A is to promote Residential A uses. Residential zoning covers 99.4% and open space 0%.
Where does Realmo's Milton market data come from?
Realmo compiles Milton, MA figures from 8 recent recorded sales, 5 active sale listings, 2 active lease listings, 155 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 5 active for-sale and 2 active for-lease listings in Milton, 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: 8,557 zoned acres across 9 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
