Millet is a Leduc County town on QE2 Highway 2 between Edmonton and Wetaskiwin, serving a productive agricultural area. The town is a growing bedroom community for Wetaskiwin and Edmonton commuters.

Submarket	Asset Class	Vacancy	Net Rent	Cap Rate
Main Street	Commercial	8–15%	$10–14/sf	8.5–10.5%
Hwy 2 Commercial	Commercial	8–15%	$10–14/sf	8.5–10.5%
Industrial Area	Commercial	8–15%	$10–14/sf	8.5–10.5%

Other Alberta Markets

Wetaskiwin

20km north.

Leduc

35km north.

All Alberta

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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

Millet Commercial Real Estate FAQ

Frequently Asked Questions — Millet

What are cap rates in Millet?

Millet 2025 cap rates: 8.5–10.5%. No provincial income tax in Alberta. Contact Canada's Home Commercial for listings.

What drives Millet's economy?

Millet is a Leduc County town on QE2 Highway 2 between Edmonton and Wetaskiwin, serving a productive agricultural area. The town is a growing bedroom community for Wetaskiwin and Edmonton commuters.

How do I find commercial space in Millet?

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Millet Neighbourhoods & Districts

Downtown Millet East Millet Highway 2A Millet Industrial Millet Leduc Junction Millet Main Street North Millet South Millet West Millet Wetaskiwin Corridor

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