Milford, CT
Commercial Real Estate Market Trends & Data

$258 Avg asking sale price
$455 Avg asking lease rate
33,688 SF Avg unit lease size
15,172 SF Avg building size for sale
7.35% Average cap rate

Milford's Demographic Profile

Milford has 23,317 households and a median income of $102,802, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 54,477
# Households 23,317
Median age 46
Median household income $102,802
Avg household size 2.0
Renter-occupied housing units 6,081
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Milford, CT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Milford $193 17,428 SF 7.97%
Orange $205 28,820 SF 7.09%
Stratford $189 11,423 SF 7.97%
West Haven $212 6,248 SF 6.88%
Shelton $266 22,433 SF 7.97%
Nearby Retail Markets Avg Cost/SF Typical Size
Milford $297 11,465 SF
Orange $400 4,934 SF
Stratford $366 15,840 SF
West Haven $414 4,546 SF
Derby $250 61,900 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Stratford $201 75,425 SF 7.79%
West Haven $244 4,083 SF 8.30%
Bridgeport $349 37,012 SF 7.79%
New Haven $251 10,710 SF 9.45%

Commercial Properties For Sale in Milford

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

3000 Main St

Stratford, CT 06614

  • 1,880 SF Office Building
  • $360,000
For Sale

The Learning Experience

Milford, CT 06460

  • 11,550 SF Retail Building
  • 7.00% Cap Rate
  • $7,428,571
For Sale

158 Broad St

Milford, CT 06460

  • 5,600 SF Multifamily
  • $3,600,000
For Sale

2083 Main St

Stratford, CT 06615

  • 3,917 SF Office Building
  • $699,900
For Sale

142-150 Broad St, Milford

Milford, CT

  • $2,800,000
For Sale

2 Ivy Brook Rd

Shelton, CT 06484

  • 40,000 SF Office Building
  • 7.09% Cap Rate
  • $7,900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Milford pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Milford $258 15,172 SF
Orange $316 16,240 SF
Stratford $245 28,578 SF
West Haven $326 10,085 SF
Derby $129 27,596 SF

Regional Demographic Comparison

This comparison places Milford alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Milford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Milford 54,477 23,317 46 $102,802 2 6,081 1%
Orange 14,728 5,492 47 $128,504 3 809 1%
West Haven 52,380 19,928 38 $70,269 2 9,189 -2%
Derby 12,347 5,376 42 $63,426 2 2,283 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Milford, CT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Milford

View All Commercial Real Estate For Sale in Milford
Is Milford a good market for a first-time commercial real estate investor?

Milford offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Milford?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Milford. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Milford?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Milford. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Milford compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Milford. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Milford acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Milford, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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