Commercial Real Estate Market in Milton, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 159 off-market properties in Milton, WA.
Market Trends
Milton, WA spans 2.8 square miles in Pierce County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Milton, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Milton, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Milton, WA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Milton, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 65.6%
- Commercial 11.5%
- Planned_development 8.9%
- Industrial 7.9%
- Open space 3.1%
- Civic 2.3%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Residential District
Business District
Residential Multifamily District
Planned Development District
Light Manufacturing District
Milton, WA zones 1,713 acres across 9 districts. Commercial zoning covers 11.5% of zoned land, residential 65.6%, open space 3.1% and industrial 7.9%. The largest single district is Residential District at 52.4%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
Residential District (RS)
Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or op…
Market overview
Demographics & Economy
Milton, WA has 8,264 residents in 3,242 households. Density runs 2,917 people per square mile. Median household income here is $90,361 and median gross rent $2,010 a month.
8,264
Population
3,242
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
2.8 sq mi
ZIP Area
2,917
Density / Sq Mi
$90,361
Median Household Income
$56,581
Median Earnings
$2,010
Median Rent
$510,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Edgewood | — | — |
| Fife | — | — |
| Pacific | — | — |
| Puyallup | — | $27.00 |
Commercial property in Milton, WA asks $75/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milton?
Commercial property in Milton, WA asks an average of $75 per square foot. The 3 most recent recorded sales traded at a median of $454/SF.
What zoning applies to commercial property in Milton?
Milton, WA zones 1,713 acres across 9 districts, of which 11.5% is commercial and 7.9% industrial. The largest single district is Residential District at 52.4% of zoned land. Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or op… Residential zoning covers 65.6% and open space 3.1%.
Where does Realmo's Milton market data come from?
Realmo compiles Milton, WA figures from 7 recent recorded sales, 10 active sale listings, 7 active lease listings, 159 tracked off-market properties, the current Milton zoning release. 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 7 active for-lease listings in Milton, WA. 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: 1,713 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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
