Red Deer, AB Commercial Real Estate for Lease and Sale

Explore 168 listings of Red Deer commercial real estate to find the best space for your business.

5549 47th Street

5549 47 Street, Riverlands, Red Deer, AB
Property

VacantLand

1.01 Acre
For Sale

$1,325,000
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40 Queensland Crescent

40 Queensland Crescent, Queens Business Park West, Red Deer, AB
Property

Industrial

18,000 SF
Availability

2 Spaces

6,000 SF
For Lease

$13.00 - $14.00/SF/YR
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106 Queensland Cres

106 Queensland Cres, Queens Business Park West, Red Deer, AB
Property

Industrial

10,000 SF
Availability

1 Space

5,000 SF
Year Built

2015
For Lease

$12.00/SF/YR
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3433 50 Avenue

3433 50 Avenue, South Hill North, Red Deer, AB
Property

Retail

3,498 SF
Availability

1 Space

3,498 SF
For Lease

$18.00/SF/YR
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Village Centre

6320 50 Avenue, Highland Green Estates, Red Deer, AB
Property

Retail

23,814 SF
Availability

4 Spaces

14,367 SF
For Lease Contact for pricing
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Burnt Lake Office

83a Burnt Park Drive, Burnt Lake East, Red Deer, AB
Property

Office

1,482 SF
Availability

1 Space

1,482 SF
For Lease

$15.00/SF/YR
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6660 Taylor Drive

6660 Taylor Drive, Golden West, Red Deer, AB
Property

Industrial

74,093 SF
Availability

2 Spaces

9,322 SF
For Lease

$12.00 - $13.00/SF/YR
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8068 Edgar Industrial Crescent

8068 Edgar Industrial Crescent, Edgar Industrial Park, Red Deer, AB
Property

Industrial

6,380 SF
Availability

1 Space

6,380 SF
For Lease

$12.00/SF/YR
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Queens Business Park S21

250 Queens Drive, Queens Business Park West, Red Deer, AB
Property

VacantLand

2.47 Acre
For Sale

$290,000/Acre
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5128 52nd Street

5128 52nd Street, Railyards, Red Deer, AB
Property

Office

3,250 SF
Availability

2 Spaces

3,250 SF
For Lease Contact for pricing
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7905 50th Avenue

7905 50th Avenue, Northlands Industrial Park, Red Deer, AB
Property

VacantLand

1.25 Acre
Availability

1 Space

1.25 Acre
For Lease Contact for pricing
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7474 79th Street

7474 79th Street, Queens Business Park East, Red Deer, AB
Property

Industrial

14,400 SF
Availability

1 Space

14,440 SF
For Lease

$13.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Red Deer commercial real estate market incorporates 601,210 square feet of office space across 53 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Red Deer commercial real estate market includes 1,162,679 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Red Deer market, there is a total of 908,323 square feet of industrial property.

The listing inventory in Red Deer incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Red Deer is represented by Retail space, which accounts for 709,482 square feet of available listings. Industrial space available in Red Deer adds up to 291,978 square feet.

Meanwhile, most of the listings of commercial property for sale in Red Deer are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Red Deer is $13.13 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Red Deer can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Red Deer, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Red Deer is in the Downtown Red Deer neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Red Deer area.

Meanwhile, retail space opportunities are most abundant in the Downtown Red Deer submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Edgar Industrial Park.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $21.35 per square foot. In particular, the property type commanding the highest lease rates in Red Deer was Retail space.

The average size of a commercial property in Red Deer depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Red Deer, the average size of an office property is 15,031 square feet.
Retail properties here incorporate an average of 30,597 square feet.
Industrial space in Red Deer is in buildings that are, on average 16,821 square feet in size.

Red Deer, AB Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Red Deer currently add up to 1,368,023 square feet. The market offers 37 active office listing(s), which amount to 254,492 square feet and account for 33% of commercial spaces on the market. Local retail availability includes 712,674 square feet across 33 retail space(s). Industrial space for rent opportunities in Red Deer amount to 292,393 square feet across a total of 39 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	37	254,492
Retail	33	712,674
Industrial	39	292,393
Other	2	108,464

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Red Deer, AB. Currently, there is 516,563 square feet of commercial property for sale here , which includes 13 office building(s) for sale , 5 retail investment opportunity listing(s) , and 21 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	13	87,447
Retail	5	78,692
Industrial	21	350,306
Other	29	118

Red Deer, AB Commercial Real Estate for Lease and Sale

5549 47th Street

40 Queensland Crescent

106 Queensland Cres

3433 50 Avenue

Village Centre

Burnt Lake Office

6660 Taylor Drive

8068 Edgar Industrial Crescent

Queens Business Park S21

5128 52nd Street

7905 50th Avenue

7474 79th Street

Frequently Asked Questions

Red Deer, AB Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Red Deer, AB Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Red Deer, AB?

What factors affect the price of commercial real estate in Red Deer, AB?

What is the average rent for commercial space in Red Deer, AB?

What are the best areas for commercial real estate in Red Deer, AB?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Red Deer, AB?

Red Deer, AB Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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