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Commercial real estate opportunities abound in Red Deer County:

The cities and towns of Red Deer, Lacombe, Sylvan Lake, Blackfalds, Penhold and Drayton Valley are located in one of the fastest growing and most prosperous regions in Canada, each of these communities presents outstanding opportunities for commercial rental or purchase of real estate. 

Image courtesy of Rdcounty.ca

Image courtesy of Rdcounty.ca

Having Edmonton and Calgary within a 150km radius gives them a wider market of two million people and two international airports, and access to over 15 million people in Western Canada and the U.S. Pacific Northwest further afield.

The entire Edmonton-Calgary corridor, known as a “Region of Opportunity”, has been booming for years, and with a diverse and thriving economy that counts oil, gas, transportation, farming, retail and wholesale, a growing manufacturing sector, and a thriving tourism trade as its major industries, the region is all set to continue the success it has enjoyed up to now.

Red Deer, Lacombe, Sylvan Lake, Blackfalds and Penhold all offer something unique to their residents, visitors, and investors in commercial rental or real estate purchases.

From Alberta’s third most populous city to an Edwardian high street, Central Alberta’s most famous lake each community provides a similar opportunity for commercial rental or purchase of real estate, due to the continued growth of each of these Central Alberta communities:

Red Deer Commercial Real Estate

The population of Red Deer is expected to grow from 98,000 in 2014 to 175,000 in 2041, while the number of building permits issued in the city rose from 1522 in 2013 to 1612 in 2014.
Learn more about Red Deer Commercial Real Estate

Lacombe Commercial Real Estate 

The value of building permits in Lacombe topped $31 million in 2014, up from $27 the previous year, while the population is predicted to grow 3% annually.
Learn more about Lacombe Commercial Real Estate

Sylvan Lake Commercial Real Estate

Sylvan Lake expects to see its population rise from 13,000 in 2014 to 18,000 in 2017, and saw the value of its issued building permits rise from $52 million to $68 million from 2013 to 2014.
Learn more about Sylvan Lake Commercial Real Estate 

Blackfalds Commercial Real Estate

The town of Blackfalds is growing by 8% year on year, while the number of building permits issued rose 17% from 2013 to 2014, the value of them a staggering 64% higher.
Learn more about Blackfalds Commercial Real Estate

Penhold Commercial Real Estate

One of the region’s smallest towns, Penhold’s population has doubled since 2001, and the value of its building permits issued in 2014 was $35 million, almost doubling the total from 2013.
Learn more about Penhold’s Commercial Real Estate

As families migrate to the Red Deer County communities to take advantage of the excellent lifestyle on offer, the population continues to grow while the average age falls, making the region among the most highly regarded locations for industrial real estate investment or commercial rental today.

Despite the growth, Red Deer, Lacombe, Sylvan Lake, Blackfalds and Penhold all work to maintain the small town charm and community spirit that first attracts home buyers and visitors. Combined with all the advantages they inherit from being located in the Central Alberta “Region of Opportunity”, these communities are prime sites for investment in commercial real estate, be that commercial rental, purchasing of property, or land sales for recreation or construction.

Want more information?

Learn about Economic Development in Red Deer County

Learn about Industries and Initiatives in Red Deer County

Learn about Business Parks and Real Estate in Red Deer County