Commercial Real Estate Market in Milford, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 90 off-market properties in Milford, NJ.
Market Trends
Milford, NJ spans 32.7 square miles in Hunterdon County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Milford, NJ asks $8/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, NJ asks $204/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, NJ 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 vacancy in Milford, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 79.4%
- Industrial 8.1%
- Civic 7.6%
- Commercial 4.9%
Largest Zones share of zoned land by district
Low Density Residential
Rural Residential
Industrial
Government Use
Medium Density Residential
Milford, NJ zones 742 acres across 9 districts. Commercial zoning covers 4.9% of zoned land, residential 79.4% and industrial 8.1%. The largest single district is Low Density Residential at 37.4%. For commercial buyers the practical constraint is that only 13% of land carries a commercial or industrial designation.
Industrial (I)
Residential (PO/R) Zone § 190-92 Purpose. § 190-93 Permitted uses. § 190-94 Conditional uses. § 190-95 Accessory uses. § 190-96 Uses and structures prohibited. § 190-97 Bulk and area requirements. Article IX Industrial (I) Zone § 190-98 Purpose. § 190-99 Permitted uses. § 190-100 Conditional uses. § 190-101 Accessory uses. § 190-102 Uses and structures prohi…
Market overview
Demographics & Economy
Milford, NJ has 8,103 residents in 3,100 households. Density runs 248 people per square mile. Median household income here is $129,509 and median gross rent $1,521 a month.
8,103
Population
3,100
Households
2.6
Avg Household Size
48
Median Age
47%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
248
Density / Sq Mi
$129,509
Median Household Income
$64,560
Median Earnings
$1,521
Median Rent
$393,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Upper Black Eddy | — | — |
| Little York | — | — |
| Frenchtown | — | — |
| Point Pleasant | — | — |
Commercial property in Milford, NJ asks $642/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milford?
Commercial property in Milford, NJ asks an average of $642 per square foot. Retail carries the highest asking price at $204/SF.
What zoning applies to commercial property in Milford?
Milford, NJ zones 742 acres across 9 districts, of which 4.9% is commercial and 8.1% industrial. The largest single district is Low Density Residential at 37.4% of zoned land. Residential zoning covers 79.4% and open space 0%.
Where does Realmo's Milford market data come from?
Realmo compiles Milford, NJ figures from 2 recent recorded sales, 7 active sale listings, 90 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 7 active for-sale and 0 active for-lease listings in Milford, NJ. 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: 742 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 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
