Alberta's Gas City — Trans-Canada Corridor, Southeast Alberta
Medicine Hat Commercial Real Estate
Industrial, office and retail for lease and sale across Medicine Hat's South Industrial, Trans-Canada corridor, Dunmore Road retail and downtown. Natural gas manufacturing hub with direct Trans-Canada access. Alberta & Saskatchewan Commercial.
$12–16Industrial Net Rent /sf
7.0–8.5%Industrial Cap Rate
0%Provincial Income Tax
Hwy 1Trans-Canada East–West
Property Types
Explore by Property Type
Industrial
$12–16/sf net
Manufacturing · Warehouse · Gas Processing
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Office
$12–18/sf gross
Downtown · Professional · Medical
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Retail
$18–28/sf net
Dunmore Rd · Trans-Canada · Strip Mall
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Flex / Service Bay
$10–14/sf net
Trades · Equipment · Contractor
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Ground Lease
Long-term available
Industrial · Commercial · Agriculture
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Medical Office
$16–22/sf gross
Clinic · Allied Health · Dental
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Off Market
Office
$1.4M–$1.8M
6,500 sf · Owner-occupied medical, vacant possession available Q3
📍 Downtown / civic core — address undisclosed
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Off Market
Retail
$2.2M–$2.8M
Strip plaza — 8,200 sf · Fully tenanted, 6.1% cap rate, national anchor covenant
📍 Main commercial strip — address undisclosed
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Off Market
Industrial Land
Offers $1.8M–$2.4M
4.2 acres · Zoned I-B, all services to lot line, clear title
📍 Industrial park — serviced — address undisclosed
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Browse by Area
Medicine Hat Submarkets
South Industrial
Primary Industrial Node
Medicine Hat's largest industrial area south of the South Saskatchewan River. Manufacturing, chemical processing and natural gas-related industries. CP Rail accessible. Direct Trans-Canada Highway 1 connection for east-west distribution to Calgary (295km) and Regina (460km).
$12–16/sfNet Rent
CP RailAccess
IndustrialPrimary Use
North Industrial
Secondary Industrial
Established industrial area north of the river along the Trans-Canada Bypass. Oil field service companies, equipment dealers and agricultural supply businesses. Lower average rents than South Industrial with good highway access for northbound distribution toward Drumheller and Edmonton.
$10–14/sfNet Rent
Hwy 1Bypass
IndustrialPrimary Use
Dunmore Road / Trans-Canada
Primary Retail Corridor
Medicine Hat's primary commercial strip extending east along Trans-Canada and Dunmore Road. National QSR chains, auto dealers, big box and travel services serving both city residents and Trans-Canada highway travellers. Consistently strong retail sales driven by the city's role as a service hub for southeast Alberta.
$18–28/sfRetail Net
Trans-CanadaTraffic
RetailPrimary Use
Downtown Medicine Hat
Office & Heritage Commercial
Historic downtown core along 6th Avenue and 1st Street SE. Law firms, government offices, financial services and medical professionals anchor the area. The Medicine Hat clay-brick heritage architecture creates a distinctive character attracting boutique retailers and restaurants to support the office market.
$12–18/sfOffice Gross
HeritageCharacter
OfficePrimary Use
Medicine Hat Mall Area
Suburban Retail Hub
The Medicine Hat Mall anchors a large retail node in the city's northeast with big box retailers, strip centres and national chains. Primary destination for the city's 65,000+ residents and the broader southeast Alberta trade area population. Grocery-anchored neighbourhood centres provide stable retail income.
$16–24/sfRetail Net
RegionalTrade Area
RetailPrimary Use
Crescent Heights / SW Residential
Suburban Commercial & Medical
Southwest residential areas with growing suburban commercial strips. Medical offices serving the Medicine Hat Regional Hospital catchment area. Service retail, dental, physiotherapy and allied health users dominate this corridor. New residential development expanding the trade area population in this quadrant.
$16–22/sfMedical Gross
HospitalAdjacent
MedicalPrimary Use
All Medicine Hat Communities
Browse Every Medicine Hat Neighbourhood
Downtown Medicine Hat
Southlands / South Medicine Hat
Trans-Canada Corridor
NE Industrial
Crescent Heights / Ross Glen
River Flats / Riverside
Crescent Heights Hat
Downtown Medicine Hat
Industrial Hat North
Riverside Hat
Southeast Hat Commercial
Transit Village Hat
Central Hat Commercial
East Medicine Hat
Echo Dale Commercial
Five Roses Commercial
Flats Commercial Hat
North Hat Commercial
Redcliff Commercial
Sahara Hat Commercial
Southeast Commercial Hat
West Medicine Hat
Brier Park Commercial
Heritage Commercial Hat
Montrose Hat Commercial
Saamis Commercial
Southeast Medicine Hat
Vista Heights Commercial
Crestwood Hat Commercial
Harlow Commercial
Highland Hat Commercial
Norwood Hat Commercial
Robson Commercial
Southview Commercial Hat
Brier Park East
Central Hat East
Crescent Heights East
East Medicine Hat Commercial
Echo Dale East
Kingsway Commercial Hat
Medicine Hat College
Medicine Hat East Commercial
Medicine Hat North Commercial
Medicine Hat South Commercial
Mill Rate Commercial
Norwood Hat East
Pothole Commercial
Seven Persons Commercial
Trans Canada Commercial Hat
Brier Park North
Central Hat North
Crestwood Hat East
Downtown East Hat
Five Roses East
Flats East Hat
Harlow East
Heritage Hat East
Highland Hat East
Montrose Hat East
North Hat East
Riverside East Hat
Robson East
Saamis East
Vista Heights East
Brier Park South
Central Hat South
Crestwood Hat North
Downtown South Hat
Flats North Hat
Harlow North
Heritage Hat North
North Hat North
Robson North
West Medicine Hat North
Brier Park West
Central Hat West
Crescent Heights North
Crestwood Hat South
Downtown West Hat
Five Roses North
Flats South Hat
Harlow South
Heritage Hat South
Highland Hat South
Montrose Hat North
North Hat South
Saamis North
South Medicine Hat
Vista Heights North
Brier Park Area
Central Hat Area
Crescent Heights West
Downtown Area Hat
Echo Dale North
Five Roses South
Flats West Hat
Harlow West
Heritage Hat West
Highland Hat West
Montrose Hat West
North Hat West
Redcliff East
Saamis West
Southeast Medicine Hat East
7.0–8.5%
Industrial Cap Rate
6.0–7.0%
Multifamily Cap Rate
0%
Provincial Income Tax
295km
West to Calgary via Hwy 1
Medicine Hat Commercial Real Estate — Market Data 2025
Medicine Hat is southeast Alberta's commercial hub and the province's "Gas City" — a nickname earned from its abundant natural gas reserves that powered decades of manufacturing, chemical and glass production. Trans-Canada Highway 1 makes it a natural distribution waypoint between Calgary and Saskatchewan. High cap rates relative to northern Alberta centres reflect the smaller market size rather than any underlying weakness — vacancy remains manageable and the agricultural and energy service base provides consistent commercial demand.
| Submarket | Asset Class | Vacancy | Net Rent (Lease) | Cap Rate (Sale) |
|---|---|---|---|---|
| South Industrial | Industrial | 6–10% | $12–16/sf | 7.0–8.5% |
| North Industrial | Flex Industrial | 8–12% | $10–14/sf | 7.5–9.0% |
| Dunmore Rd / Trans-Canada | Retail | 5–8% | $18–28/sf net | 7.0–8.5% |
| Downtown | Office | 10–16% | $12–18/sf gross | 8.0–10.0% |
| Medicine Hat Mall | Retail | 5–9% | $16–24/sf net | 7.0–8.5% |
| City-Wide | Multifamily | 4–7% | — | 6.0–7.0% |
Other Alberta Markets
Further Reading
→ Alberta Commercial Real Estate Cap Rates 2025
→ Alberta Has No Provincial Income Tax — What It Means for Investors
→ Why Investors Are Moving to Alberta
Medicine Hat Commercial Real Estate FAQ
Frequently Asked Questions — Medicine Hat
What are cap rates in Medicine Hat commercial real estate?
Medicine Hat 2025 cap rates: industrial 7.0–8.5%, retail 7.0–8.5%, multifamily 6.0–7.0%, net lease 7.0–8.5%, office 8.0–10.0%. High cap rates reflect the smaller market size and offer compelling yield for investors serving the southeast Alberta trade area.
What drives Medicine Hat's commercial real estate market?
Medicine Hat's economy is driven by natural gas (giving it the nickname "The Gas City"), agriculture serving southeast Alberta farming communities, and its position on Trans-Canada Highway 1 as a distribution and services hub between Calgary (295km west) and Regina (460km east). The city has a diversified manufacturing base including glass production, chemicals and fertilizers historically powered by low-cost natural gas.
How do I find commercial space in Medicine Hat?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We cover all Medicine Hat asset classes — industrial, office, retail, multifamily, land and net lease investment sales.
Ready to Find Commercial Space in Medicine Hat?
Industrial, office, retail or investment — our team covers every Medicine Hat submarket.