Commercial Real Estate Market in Milford, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 463 off-market properties in Milford, MI. Commercial property asks $42/SF to buy and $15.47/SF/Yr to lease.
Market Trends
Milford, MI spans 48.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Milford, MI asks $120/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Milford, MI asks $175/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milford, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Milford, MI asks $159/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79%
- Commercial 10.1%
- Open space 7.9%
- Industrial 1.8%
- Planned_development 1.2%
Largest Zones share of zoned land by district
One Family Residential 7200 Square Feet
One Family Residential 9600 Square Feet
One Family Residential 15000 Square Feet
One Family Residential 8700 Square Feet
Parks And Recreation
Milford, MI zones 1,345 acres across 14 districts. Commercial zoning covers 10.1% of zoned land, residential 79%, open space 7.9% and industrial 1.8%. The largest single district is One Family Residential 7200 Square Feet at 28.8%. For commercial buyers the practical constraint is that only 11.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Milford, MI has 21,167 residents in 8,310 households. Density runs 440 people per square mile. Median household income here is $113,629 and median gross rent $1,146 a month.
21,167
Population
8,310
Households
2.5
Avg Household Size
46
Median Age
45%
College-Educated
96%
High-School Grad
48.1 sq mi
ZIP Area
440
Density / Sq Mi
$113,629
Median Household Income
$66,896
Median Earnings
$1,146
Median Rent
$404,878
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brighton Twp | — | — |
| Brighton | — | $16.46 |
| Hartland Township | — | — |
| Highland Twp | — | — |
Commercial property in Milford, MI asks $42/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, MI asks an average of $42 per square foot. The 4 most recent recorded sales traded at a median of $139/SF. Retail carries the highest asking price at $175/SF.
How much does it cost to lease commercial space in Milford?
Asking lease rates in Milford, MI average $15.47 per square foot per year.
What zoning applies to commercial property in Milford?
Milford, MI zones 1,345 acres across 14 districts, of which 10.1% is commercial and 1.8% industrial. The largest single district is One Family Residential 7200 Square Feet at 28.8% of zoned land. Residential zoning covers 79% and open space 7.9%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, MI figures from 4 recent recorded sales, 45 active sale listings, 12 active lease listings, 463 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 45 active for-sale and 12 active for-lease listings in Milford, MI. 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: 1,345 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
