Commercial Real Estate Market in Milford, ME
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 15 off-market properties in Milford, ME.
Market Trends
Milford, ME spans 45.6 square miles in Penobscot County, Maine. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Milford, ME asks $133/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Milford, ME asks $76/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Milford, ME 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, ME asks $174/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
- Agricultural 45.6%
- Open space 31.5%
- Commercial 21.4%
- Industrial 1.6%
Largest Zones share of zoned land by district
Rural
Conservation District
Mixed Residential
River Residential
Industrial
Rural (R)
The purpose of the Rural District is to provide and protect an area of the community consisting of agricultural land, forest land, scenic areas and open space land areas from incompatible development
Market overview
Demographics & Economy
Milford, ME has 3,069 residents in 1,426 households. Density runs 67 people per square mile. Median household income here is $63,892 and median gross rent $968 a month.
3,069
Population
1,426
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
87%
High-School Grad
45.6 sq mi
ZIP Area
67
Density / Sq Mi
$63,892
Median Household Income
$39,899
Median Earnings
$968
Median Rent
$183,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Old Town | — | — |
| Greenbush | — | — |
| Orono | — | — |
| Argyle Township | — | — |
Commercial property in Milford, ME asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, ME asks an average of $26 per square foot. Multifamily carries the highest asking price at $174/SF.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, ME figures from 4 active sale listings, 15 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 4 active for-sale and 0 active for-lease listings in Milford, ME. 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: 29,759 zoned acres across 6 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
