Commercial Real Estate Market in Milford, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
22 active listings and 2,092 off-market properties in Milford, PA. Commercial property asks $316/SF to buy (based on 9 listings) and $17.05/SF/Yr to lease (based on 4 listings).
Market Trends
Milford, PA spans 71.8 square miles in Pike County, Pennsylvania. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Milford, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail vacancy in Milford, PA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in Milford, PA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Multifamily vacancy in Milford, PA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 74.3%
- Commercial 25.7%
Largest Zones share of zoned land by district
Milford, PA zones 296 acres across 3 districts. Commercial zoning covers 25.7% of zoned land, residential 74.3%. The largest single district is Residential at 74.3%. For commercial buyers the practical constraint is that only 25.7% of land carries a commercial or industrial designation.
A conversion of any building to a residential use or the conversion of any dwelling to accommodate additional dwelling units shall comply with the standards in this § 312-27 and the other requirements applicable to the dwelling type to which conversion is proposed except as modified by this § 312-27 . A conversion shall be permitted only within a district in…
Market overview
Demographics & Economy
Milford, PA has 15,519 residents in 7,615 households. Density runs 216 people per square mile. Median household income here is $89,935 and median gross rent $1,507 a month.
Tools
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?
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 6 active for-lease listings in Milford, PA. The medians are based on 9 of the for-sale and 4 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: 296 zoned acres across 3 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 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 October 2026 · How Realmo checks market page data · Report a data issue
