Commercial Real Estate Market in Milton, WI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 266 off-market properties in Milton, WI.
Market Trends
Milton, WI spans 67.0 square miles in Rock County, Wisconsin. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Milton, WI runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Milton, WI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Milton, WI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Milton, WI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.1%
- Industrial 29.1%
- Civic 17%
- Mixed use 3.8%
Largest Zones share of zoned land by district
General Industrial
Single Family 7
Institutional
Rural Holding 35
Light Industrial
Milton, WI zones 2,658 acres across 14 districts. The largest single district is General Industrial at 23.4%. For commercial buyers the practical constraint is that only 29.1% of land carries a commercial or industrial designation.
General Industrial (GI)
The purpose of GI zone is to provide mid scale to large scale industrial and office development at an intensity which is consistent with economic development objectives and compatible with adjacent residential and commercial development
Market overview
Demographics & Economy
Milton, WI has 11,503 residents in 4,672 households. Density runs 172 people per square mile. Median household income here is $89,397 and median gross rent $972 a month.
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hanover | — | — |
| Janesville | — | — |
| Edgerton | — | — |
| Avalon | — | — |
Commercial property in Milton, WI asks $265/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Milton?
Commercial property in Milton, WI asks an average of $265 per square foot. The 4 most recent recorded sales traded at a median of $250/SF, so asking sits 6% above the achieved median.
What zoning applies to commercial property in Milton?
Milton, WI zones 2,658 acres across 14 districts, of which 0% is commercial and 29.1% industrial. The largest single district is General Industrial at 23.4% of zoned land. The purpose of GI zone is to provide mid scale to large scale industrial and office development at an intensity which is consistent with economic development objectives and compatible with adjacent residential and commercial development Residential zoning covers 50.1% and open space 0%.
Where does Realmo's Milton market data come from?
Realmo compiles Milton, WI figures from 8 recent recorded sales, 27 active sale listings, 1 active lease listings, 266 tracked off-market properties, the current Milton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 27 active for-sale and 1 active for-lease listings in Milton, WI. 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: 2,658 zoned acres across 14 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
