The Red Deer Downtown Business Association (DBA) is pleased to announce that vacancy rates have dropped in the downtown and downtown Red Deer continues to be the ideal location for start-up businesses and entrepreneurs.

According to Salomons Commercial, in the second quarter, retail vacancy rates in the downtown have dropped from 10.83% to 9.27%. Also, the average price per square foot downtown is the lowest in the City at $13.39, this positions downtown as the best place for entrepreneurs and start-up businesses.

For anyone interested in starting a business downtown, the DBA offers a number of subsidies including façade improvement and radio advertising programs to members. For more information about any of the programs the DBA offers, please visit our website (https://downtownreddeer.com/programs/).

The Downtown Business Association has been operating in Red Deer for over 30 years, serving approximately five-hundred business owners in the Downtown area. Through partnerships and leadership in advocacy and promotion, the DBA is the catalyst for a vibrant and prosperous downtown that is the place to live, work, play, and do business.

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For more information, please contact:
Amanda Gould
Executive Director
Red Deer Downtown Business Association
403-340-8696
amanda.gould@downtownreddeer.com