Penhold is a fast-growing town north of Red Deer on the QE2 Highway. Close to CFB Penhold and Red Deer Regional Airport, it is a logistics and light industrial hub for central Alberta.

Submarket	Asset Class	Vacancy	Net Rent	Cap Rate
Hwy 2A / Main Street	Commercial	8–15%	$6–10/sf	9.0–11.5%
QE2 / Airport Corridor	Commercial	8–15%	$6–10/sf	9.0–11.5%
Industrial Park	Commercial	8–15%	$6–10/sf	9.0–11.5%

Other Alberta Markets

Red Deer

20km south.

Innisfail

15km north.

All Alberta

Commercial real estate across Alberta.

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

Penhold Commercial Real Estate FAQ

Frequently Asked Questions — Penhold

What are cap rates in Penhold?

Penhold 2025 cap rates: 9.0–11.5%. Contact Canada's Home Commercial for listings.

What drives Penhold's economy?

Penhold is a fast-growing town north of Red Deer on the QE2 Highway. Close to CFB Penhold and Red Deer Regional Airport, it is a logistics and light industrial hub for central Alberta.

How do I find commercial space in Penhold?

Ready to Find Commercial Space in Penhold?

Industrial, office, retail or investment — our team covers every Penhold submarket.

Talk to a Broker View All Alberta

Penhold Neighbourhoods & Districts

Downtown Penhold East Penhold Highway 2 Penhold Industrial Penhold Innisfail Corridor North Penhold Penhold Main Street Red Deer South Gateway South Penhold West Penhold

Your local Canada's Home Commercial team: Red Deer →