Salomons Commercial

06/04/2026

Ever seen a commercial lease advertised as "$15/SF NNN" and wondered what the "NNN" actually means?

You're not alone.

NNN stands for Triple Net, which means the tenant pays:

✔ Base Rent
✔ Their share of Property Taxes
✔ Their share of Building Insurance
✔ Additional Rent (also known as Operating Costs)

The important thing to understand is that the advertised lease rate is usually just the base rent.

So if a space is listed at $15/SF NNN, your actual occupancy cost could be closer to $20+/SF once property taxes, insurance, and operating costs are included.

This is one of the most common points of confusion for businesses leasing commercial space.

Before comparing locations, always ask:
• What are the current Additional Rent or Operating Costs?
• What expenses are included in those costs?
• Have there been any significant increases in recent years?

The answers can vary significantly from one property to another.

A lease rate isn't truly competitive until you know the all-in cost.

Questions about leasing commercial space? Give us a call at 403-343-3023.

05/06/2026

Red Deer’s industrial market just recorded its strongest quarter of positive absorption since we began tracking vacancy in 2018.

Nearly 440,000 SF was removed from the market in Q1 2026, pushing overall vacancy down to just 4.47%.

Functional industrial space continues to tighten across Central Alberta as limited new construction and rising development costs place increasing pressure on existing inventory.

To view our full reports sign up for our mailing list through our website 🏭🏗️
www.salomonscommercial.com

03/14/2026

Retail market update for Red Deer 👇

Retail vacancy in Red Deer ended Q4 2025 at 6.99%, showing continued stability in the local market. Leasing activity remained steady with 66,379 SF completed in the quarter, while service-based and necessity retail continue to anchor demand across the city.

With limited new supply and rising construction costs keeping development disciplined, well-located retail properties are continuing to perform well as we begin 2026.

Visit www.salomonscommercial.com or contact us today for more information regarding your Commercial Real Estate needs.

03/13/2026

Lots of leasing activity lately across Central Alberta &

Over the past little while we’ve helped businesses secure spaces ranging from 16,000 SF industrial properties to retail storefronts and office spaces throughout the region.

It’s always great to see local businesses expanding, relocating, and setting up in new spaces. Exciting to see the continued activity across the market.

If you're looking for space for your business or thinking about leasing your property, feel free to reach out — we’d be happy to chat.
www.salomonscommercial.com

02/24/2026

NEW OPPORTUNITY – PENHOLD

• 5,100 SF free-standing building
• Flexible layout with office + shop space
• Multiple overhead doors & radiant heat
• Ample on-site parking / yard area
• Suited for trades, service companies, perhaps a Brewery 🤔, or re-development

📍 1001 Minto Street, Penhold
💰 $529,000

Versatile space that can adapt to a wide range of business uses. Reach out or visit the link below for more details. Book your tour today!

https://salomonscommercial.com/property-search/for-sale-5100sf-free-standing-building/

02/05/2026

With our 2025 Q4 now available, below is a snapshot of the industrial sector trends we are seeing in the market

Industrial continues to lead the pack in Central Alberta.
📉 Q4 2025 vacancy: 6.75%
🏗 Limited new supply + strong leasing
📊 With meaningful space under offer, industrial vacancy is positioned to move lower in early 2026.

Construction costs remain the biggest barrier to new product — keeping pressure on available industrial space.

Sign up on our website at www.salomonscommercial.com to never miss our latest listings and market information!

12/11/2025

Pickleplex Social Club official grand opening this weekend in Gasoline Alley! 🏓
This new facility brings nine indoor pickleball courts, modern amenities, and a vibrant community setting to Central Alberta. It’s great to see another exciting recreation option added to the area.

Congratulations to the Pickleplex team on launching their first Alberta location!

A new pickleball facility in Red Deer County's Gasoline Alley area is the first of the brand's ventures outsid...

12/01/2025

We were proud to sponsor this year’s School Sport Alberta 5A Provincial Senior Volleyball Championships — and even prouder to cheer on our hometown teams! 🏐🔥

A huge congratulations to the Lindsay Thurber Raiders as both the Senior Men’s and Senior Ladies’ teams brought home the provincial titles!

An incredible showing, incredible athletes, and an incredible moment for our community. Well done, Raiders — you made Red Deer proud! 👏❤️🖤

11/28/2025

🛍️ Q3 2025 Retail Market Update – Red Deer, AB

Red Deer’s retail market saw a modest rebound in Q3 as new leasing activity helped counter earlier vacancy increases. Here are the key insights from our latest Retail Market Report:

➡️ Vacancy steadies after two soft quarters
After almost 80,000 SF of negative absorption in Q1–Q2, the market bounced back with 70,000 SF of positive absorption and nearly 100,000 SF leased this quarter. Overall retail vacancy now sits at 7.08%, down from 7.74% last quarter.

2025-Q3 - Retail Report
➡️ Submarket snapshot
• Downtown: Vacancy rises slightly to 6.5%
• South Red Deer: Now at 8.8%, still the highest due to larger-format vacancies
• North Red Deer: Continues its seven-quarter trend of improvement, hitting 4.6%, its lowest level in years

2025-Q3 - Retail Report
➡️ New developments remain active across the city
Several projects are reshaping Red Deer’s retail landscape, including:
• 408 Lantern Street (Gasoline Alley): New 10,655 SF retail + CRU, pre-leasing underway
• Timberlands Station: 6,000 SF added this quarter; another 30,000 SF proposed
• Shops at Timberlands: ~15,000 SF under construction, ~50% pre-leased
• 2901 Gaetz Ave: New 15,000 SF commercial condo strip mall announced
• Clearview Market Phase II: 75,000 SF under construction, ~35% pre-leased

2025-Q3 - Retail Report
➡️ Notable deals this quarter
Sales:
• Heritage Plaza Condo – 1,116 SF @ $358/SF
• 4419 55 Street – Freestanding retail building @ $279/SF
Leasing:
• Fairgrounds Pickleball – 24,831 SF at Bower Mall
• Pickleplex Social Club – 25,232 SF at Liberty Crossing

2025-Q3 - Retail Report
➡️ Big picture
Despite national uncertainty, Red Deer’s retail sector remains stable. Strength in North Red Deer, ongoing new construction, and steady leasing activity are helping balance big-box vacancies and create opportunities for both tenants and investors.

📥 Want the full report? Message us and we’ll share the full breakdown, including submarket-by-submarket stats, charts, and development maps.

11/26/2025

📊 Q3 2025 Industrial Market Update – Red Deer, AB

Red Deer’s industrial sector continued to shift this quarter, with a mix of strong leasing activity and rising vacancy shaping the market heading into year-end.

Here are the key insights from our Q3 Industrial Report:

➡️ Vacancy edges up again
Industrial vacancy climbed for the third straight quarter, now sitting at 6.95%, with over 1 million SF of space currently available. However, one-third of this vacancy comes from just two buildings—the former Peavey Mart DC and Finning facilities—meaning the “true” vacancy across the market is closer to 4.94%.

2025-Q3 - Industrial Report
➡️ Leasing remains active, but new supply outpaced demand
Roughly 150,000 SF was leased or sold this quarter, but more than 200,000 SF hit the market, resulting in negative absorption. The average asking rate across all submarkets now sits at $11.21/SF.

2025-Q3 - Industrial Report
➡️ New industrial construction continues
Several new projects advanced this quarter, including:
• 29 Queensland Crescent – 59,239 SF distribution warehouse now pre-leasing
• 494 McCoy Drive – New 16,000 SF multi-tenant building completed
• Additional recent completions in McKenzie and Burnt Lake Industrial Parks

2025-Q3 - Industrial Report
➡️ Notable transactions
• 247 Spruce Street (Piper Creek): 11,804 SF sold for $178/SF
• 251 Spruce Street: 7,862 SF sold for $165/SF
• Multiple significant leases completed in Edgar and Burnt Lake Industrial Parks

2025-Q3 - Industrial Report
➡️ Big picture
Despite rising vacancy and softening absorption, Red Deer’s industrial market remains stable. Quality space continues to draw interest, financing conditions support owner-user activity, and new construction is progressing across key submarkets.

📥 Want the full report? Send us a message and we’ll share the complete breakdown, including submarket-by-submarket metrics and inventory maps.