Central Alberta's Commercial Hub — Between Calgary & Edmonton
Red Deer Commercial Real Estate
Industrial, office and retail for lease and sale across Red Deer's Gasoline Alley corridor, North Industrial, downtown and central Alberta distribution nodes. Alberta & Saskatchewan Commercial.
$14–18Industrial Net Rent /sf
6.5–7.5%Industrial Cap Rate
0%Provincial Income Tax
QEIIHighway Midpoint
Property Types
Explore by Property Type
Industrial
$14–18/sf net
Warehouse · Oil Patch Service · Flex
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Office
$14–20/sf gross
Downtown · Medical · Professional
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Retail
$20–30/sf net
Gasoline Alley · Strip Mall · Pad Site
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Flex Space
$12–16/sf net
Shop/Office Combo · Service Bay
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Ground Lease
Long-term available
Commercial · Industrial · BTS
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Medical Office
$18–24/sf gross
Clinic · Dental · Allied Health
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Off Market
Multifamily
$3.5M–$4.0M
18-suite apartment · Purpose-built 1970s, major reno complete, sub-2% vacancy
📍 Established residential area — address undisclosed
Inquire Confidentially →
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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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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Browse by Area
Red Deer Submarkets
Gasoline Alley
Premier Retail Corridor
Highway 2 commercial strip at Red Deer's south boundary. One of Canada's highest retail sales per capita corridors. QSR pads, automotive, big box and national retailers. Constant traffic from both city residents and highway travellers.
$20–30/sfNet Rent
High TrafficAADT
RetailPrimary Use
North Red Deer Industrial
Primary Industrial Node
Red Deer's largest industrial area. Oil field service companies, agricultural equipment dealers and CN Rail-adjacent logistics users. Tightest vacancy in the city with the strongest net rents for industrial product.
$14–18/sfNet Rent
CN RailAdjacent
IndustrialPrimary Use
South Industrial
Secondary Industrial / Flex
South of downtown along Highway 2 south. Flex industrial, equipment rental and service-bay users. Larger lots at lower rents than North Industrial. Good access to QEII corridor southbound to Calgary.
$12–16/sfNet Rent
QEIIAccess
FlexPrimary Use
Downtown Red Deer
Office & Professional
Law firms, accountants, government offices and medical professionals anchor the downtown core. Ross Street pedestrian zone. Alberta Health Services regional administration drives consistent office demand.
$14–20/sfOffice Gross
Gov'tAnchor
OfficePrimary Use
Riverside Meadows
Medical & Suburban Commercial
Suburban medical office and retail corridor near Red Deer Regional Hospital. Dental, physiotherapy and allied health users cluster here. Strongest medical office rents in the city driven by hospital adjacency.
$18–24/sfMedical Gross
HospitalAdjacent
MedicalPrimary Use
Timberlands / Clearview
Growing Suburban Retail
Newer residential areas on Red Deer's northeast and southeast fringes. Strip malls, grocery-anchored centres and service retail serving growing suburban populations. Best new supply pipeline in the city.
$18–26/sfRetail Net
GrowthArea
RetailPrimary Use
All Red Deer Communities
Browse Every Red Deer Neighbourhood
Downtown Red Deer
Gaetz Avenue Corridor
Gasoline Alley
North Red Deer / Clearview
South Red Deer / Bower
Red Deer Industrial Park
Riverside Meadows
Timberlands / NE Red Deer
Anders / Davenport
Aspen Ridge / Inglewood
Bower
Clearview Ridge
Davenport
Downtown Red Deer
Gaetz Avenue South
North Red Deer Industrial
Pines Commercial
Riverside Meadows
Central Red Deer Commercial
College Park Red Deer
Deer Park Commercial
Eastview Red Deer
Garden Heights Commercial
Lamont Red Deer Commercial
Morrisroe Commercial
Northlands Red Deer
West Park Red Deer
Woodland Red Deer
Kentwood Commercial
Michener Hill Commercial
Riverside Red Deer
Sunnybrook Red Deer
Vanier Woods Commercial
Westpark Commercial
Barnett Commercial
Deer Park East
Eastview Commercial
Garden Heights East
Hull Commercial
Normandeau Commercial
Queens Business Park
South Hill Red Deer
Anders East
Aspen Ridge East
Bower East
College Park East Rd
Davenport East
Deer Park North
Downtown East Rd
Gaetz North
Gasoline Alley East
Hull East
Kentwood East
Morrisroe East
Northlands East
Queens East
Sunnybrook East
Anders North
Aspen Ridge North
Barnett East
Bower North
Central Rd East
Clearview East
College Park North Rd
Davenport North
Deer Park South
Eastview North
Gaetz Avenue North
Gasoline Alley North
Hull North
Kentwood North
Lamont North
Michener Hill East
Northlands North
Pines North
Anders South
Aspen Ridge South
Barnett North
Bower South
Central Rd North
Clearview North
College Park South Rd
Davenport South
Deer Park West
Eastview South
Gaetz Avenue East
Gasoline Alley South
Hull South
Kentwood South
Northlands South
Anders East Rd
Barnett South
Central Rd South
Clearview South
Eastview East
Gaetz Avenue West
Riverside East Rd
Anders Area
Aspen Ridge Area
Bower Area
Central Rd Area
Clearview Area
College Park Area Rd
Davenport Area
Deer Park Area
Eastview Area
Gaetz Avenue Area
Gasoline Alley Area
Hull Area
Kentwood Area
Northlands Area
Riverside Area Rd
6.5–7.5%
Industrial Cap Rate
5.5–6.5%
Multifamily Cap Rate
0%
Provincial Income Tax
150km
QEII Midpoint Cal–Edm
Red Deer Commercial Real Estate — Market Data 2025
Red Deer is Alberta's third-largest city and the commercial anchor of central Alberta. Its position exactly between Calgary and Edmonton on the QEII Highway makes it a natural distribution midpoint, while Gasoline Alley drives retail sales that rival much larger Canadian markets.
| Submarket | Asset Class | Vacancy | Net Rent (Lease) | Cap Rate (Sale) |
|---|---|---|---|---|
| North Industrial | Industrial | 5–8% | $14–18/sf | 6.5–7.5% |
| South Industrial | Flex Industrial | 7–10% | $12–16/sf | 7.0–8.0% |
| Downtown | Office | 12–18% | $10–16/sf net | 7.5–9.0% |
| Riverside Meadows | Medical Office | 6–10% | $18–24/sf gross | 6.5–7.5% |
| Gasoline Alley | Retail | 4–7% | $20–30/sf net | 6.5–7.5% |
| City-Wide | Multifamily | 3–6% | — | 5.5–6.5% |
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
Red Deer Commercial Real Estate FAQ
Frequently Asked Questions — Red Deer
What are cap rates in Red Deer commercial real estate?
Red Deer 2025 cap rates: industrial 6.5–7.5%, retail strip mall 6.5–8.0%, multifamily 5.5–6.5%, net lease NNN 6.5–8.0%, office 7.5–9.0%. Cap rates exceed Calgary and Edmonton, offering higher yield for investors willing to accept a smaller market size.
What is Red Deer's role in Alberta's economy?
Red Deer is Alberta's third-largest city and the central Alberta commercial hub. It serves oil and gas service companies, agricultural equipment and processing, and acts as a QEII distribution midpoint between Calgary (150km south) and Edmonton (150km north). Gasoline Alley consistently ranks among Canada's top retail corridors by sales per capita.
What is the best industrial submarket in Red Deer?
North Red Deer Industrial is the primary node — CN Rail accessible, established with the tightest vacancy and highest net rents ($14–18/sf). South Industrial offers slightly lower rents ($12–16/sf) with larger available sites for users requiring more land area or QEII southbound access.
What is the Gasoline Alley commercial corridor?
Gasoline Alley is Red Deer's primary retail strip along Highway 2 at the south entrance to the city. It ranks among Canada's highest retail sales per square foot corridors, driven by both local residents and high volumes of QEII highway traffic. QSR, automotive, big box and national retailers concentrate here.
What is the mill rate in Red Deer?
Red Deer's 2025 non-residential mill rate is approximately $18.50 per $1,000 of assessed value. Combined with Alberta's 0% provincial income tax, effective business costs in Red Deer are competitive with Saskatchewan and lower than BC markets.
How do I find commercial space in Red Deer?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955. We cover all Red Deer asset classes — industrial, office, retail, multifamily, land and net lease investment sales.
Ready to Find Commercial Space in Red Deer?
Industrial, office, retail or investment — our team covers every Red Deer submarket.
