Commercial Real Estate Market in Milford, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
27 active listings and 463 off-market properties in Milford, MI. Commercial property asks $136/SF to buy (based on 8 listings) and $14.50/SF/Yr to lease (based on 7 listings).
Market Trends
Milford, MI spans 48.1 square miles in Oakland County, Michigan. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Milford, MI has a median asking sale price of $126/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Milford, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Milford, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Brighton | $156 | $17.00 |
| New Hudson | $107 | $26.00 |
| Wixom | $245 | $9.95 |
Commercial property in Milford, MI asks $136/SF. The 3 bordering markets run from $107/SF in New Hudson to $245/SF in Wixom, and the city sits below their $156/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Milford?
How much does it cost to lease commercial space in Milford?
How does Milford compare to nearby markets on price?
What zoning applies to commercial property in Milford?
Where does Realmo's Milford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 11 active for-lease listings in Milford, MI. The medians are based on 8 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
