Commercial Real Estate Market in Miller Place, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
15 active listings and 125 off-market properties in Miller Place, NY. Commercial property asks $556/SF to buy and $114.72/SF/Yr to lease.
Market Trends
Miller Place, NY spans 9.2 square miles in Suffolk County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Miller Place, NY runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Miller Place, NY 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 Miller Place, NY 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 Miller Place, NY runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Miller Place, NY has 12,566 residents in 4,605 households. Density runs 1,369 people per square mile. Median household income here is $142,344 and median gross rent $1,221 a month.
12,566
Population
4,605
Households
2.7
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
9.2 sq mi
ZIP Area
1,369
Density / Sq Mi
$142,344
Median Household Income
$62,823
Median Earnings
$1,221
Median Rent
$589,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mount Sinai | — | — |
| Prt Jefferson Station | — | — |
| Coram | — | $15.00 |
Commercial property in Miller Place, NY asks $556/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Miller Place?
Commercial property in Miller Place, NY asks an average of $556 per square foot.
How much does it cost to lease commercial space in Miller Place?
Asking lease rates in Miller Place, NY average $114.72 per square foot per year.
Where does Realmo's Miller Place market data come from?
Realmo compiles Miller Place, NY figures from 4 recent recorded sales, 10 active sale listings, 5 active lease listings, 125 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 5 active for-lease listings in Miller Place, NY. 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
