Devon — Birthplace of Alberta Oil — Edmonton West Petroleum Hub
Devon Commercial Real Estate
Commercial real estate for lease and sale in Devon, Alberta. Devon was purpose-built in 1947 to house Imperial Oil workers following the Leduc oil discovery. Today the town hosts Sy
$10–14Industrial Net Rent /sf
8.0–10.0%Cap Rate
0%Provincial Income Tax
35kmEast to Edmonton
Property Types
Explore by Property Type
Browse by Area
Devon Submarkets
Industrial Research Area
Commercial Node
Imperial Oil, Syncrude R&D, petroleum research.
$10–14/sfNet Rent / Cap
DevonKey Feature
CommercialPrimary Use
Erie Street / Downtown
Commercial Node
Historic oil-town commercial. Local retail.
$10–14/sfNet Rent / Cap
DevonKey Feature
CommercialPrimary Use
Highway Commercial
Commercial Node
Auto services, big-box, grocery.
$10–14/sfNet Rent / Cap
DevonKey Feature
CommercialPrimary Use
East Commercial
Commercial Node
Medical, services, residential retail.
$10–14/sfNet Rent / Cap
DevonKey Feature
CommercialPrimary Use
$10–14
Industrial Net Rent /sf
8.0–10.0%
Cap Rate
0%
Provincial Income Tax
35km
East to Edmonton
Devon Commercial Real Estate — Market Overview 2025
Devon was purpose-built in 1947 to house Imperial Oil workers following the Leduc oil discovery. Today the town hosts Syncrude and Imperial Oil research facilities, and serves as a bedroom community for Edmonton, 35 km east. The North Saskatchewan River valley provides outstanding recreational amenities.
| Submarket | Asset Class | Vacancy | Net Rent | Cap Rate |
|---|---|---|---|---|
| Industrial Research Area | Commercial | 8–14% | $10–14/sf | 8.0–10.0% |
| Erie Street / Downtown | Commercial | 8–14% | $10–14/sf | 8.0–10.0% |
| Highway Commercial | Commercial | 8–14% | $10–14/sf | 8.0–10.0% |
| East Commercial | Commercial | 8–14% | $10–14/sf | 8.0–10.0% |
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
Devon Commercial Real Estate FAQ
Frequently Asked Questions — Devon
What are cap rates in Devon?
Devon 2025 cap rates range 8.0–10.0%. No provincial income tax. Contact Canada's Home Commercial for listings.
What drives Devon's economy?
Devon was purpose-built in 1947 to house Imperial Oil workers following the Leduc oil discovery. Today the town hosts Syncrude and Imperial Oil research facilities, and serves as a bedroom community f
How do I find commercial space in Devon?
Contact Canada's Home Commercial via our contact form, or call 780-545-5955.
Ready to Find Commercial Space in Devon?
Industrial, office, retail or investment — our team covers every Devon submarket.
Devon Neighbourhoods & Districts
Alberta Drive Commercial
Athabasca Landing
Community Centre Devon
Devona Commercial
Devonian Gardens Commercial
Downtown Devon
East Devon
Highway 19 Corridor
Highway 60 Devon
Industrial Devon
Miquelon Lake Corridor
North Devon
North Saskatchewan Corridor
Pembina Trail Corridor
Pioneer Area Devon
Ravine Ridge Devon
River Lot Commercial
River Valley Commercial
South Devon
West Devon
Alberta East Devon
Athabasca East
Community East Devon
Devon East Commercial
Devon North Extension
Devon South Extension
Devona East
Devonian East
Highway 60 East
Pembina East
River Lot East
River Valley East