Commercial Real Estate Market in New Milford, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 185 off-market properties in New Milford, PA. Commercial property asks $173/SF to buy and $9.14/SF/Yr to lease.
Market Trends
New Milford, PA spans 65.4 square miles in Susquehanna County, Pennsylvania. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Milford, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in New Milford, PA 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 New 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in New Milford, PA asks $115/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
New Milford, PA has 3,349 residents in 1,999 households. Density runs 51 people per square mile. Median household income here is $69,000 and median gross rent $970 a month.
3,349
Population
1,999
Households
1.7
Avg Household Size
50
Median Age
13%
College-Educated
92%
High-School Grad
65.4 sq mi
ZIP Area
51
Density / Sq Mi
$69,000
Median Household Income
$37,775
Median Earnings
$970
Median Rent
$202,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harford | — | — |
| Hallstead | — | — |
| Great Bend | — | — |
| Kingsley | — | — |
Commercial property in New Milford, PA asks $173/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Milford?
Commercial property in New Milford, PA asks an average of $173 per square foot. Multifamily carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in New Milford?
Asking lease rates in New Milford, PA average $9.14 per square foot per year.
Where does Realmo's New Milford market data come from?
Realmo compiles New Milford, PA figures from 3 recent recorded sales, 11 active sale listings, 2 active lease listings, 185 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 2 active for-lease listings in New Milford, PA. 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 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
