Ellerslie / The Hamptons South Edmonton
South Edmonton growth area commercial. Grocery-anchored strip malls, neighbourhood retail, multifamily, and professional services along Ellerslie Road and the Macleod Drive corridor serving The Hamptons and surrounding south Edmonton communities.
Ellerslie / The Hamptons South — Edmonton Market Overview
Ellerslie and The Hamptons are part of south Edmonton's expanding residential and commercial growth area, anchored by Ellerslie Road (23 Avenue SW) and the Macleod Drive corridor. The area has seen significant residential development over the past decade, creating strong captive demand for daily-needs commercial services.
Grocery-anchored strip plazas along Ellerslie Road serve as community anchors, drawing consistent traffic from The Hamptons, Desrochers, and surrounding south Edmonton neighbourhoods. Pad sites and inline retail adjacent to grocery anchors benefit from high daily traffic counts and stable food and beverage tenancy.
Multifamily investment is active in the area, with new mid-rise and low-rise apartment projects serving young family and professional household demand. Cap rates on south Edmonton multifamily range from 4.5–5.5% depending on building vintage and suite mix.
Cap Rates & Lease Rates — 2025 Market Data
| Asset Class | Cap Rate Range | Lease Rate | Vacancy | Notes |
|---|---|---|---|---|
| Grocery-Anchored Retail | 5.5–6.0% | $24–32/sf net | ~5% | Daily needs anchor; strong food traffic |
| Neighbourhood Strip Retail | 6.0–6.5% | $20–28/sf net | ~7% | Service retail; community-serving |
| Professional Services Office | 6.0–7.0% | $18–24/sf net | ~8% | Medical and dental demand from growth area |
| Multifamily Apartment | 4.5–5.5% | Market rents | ~3% | New suburban; strong south Edmonton demand |
| Retail Pad Site | 5.5–6.5% | $28–36/sf net | ~4% | Drive-through; fast food; fuel station |
Frequently Asked Questions — Ellerslie / The Hamptons South Commercial Real Estate
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Is Ellerslie still a growth market for commercial real estate?
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Explore Ellerslie / The Hamptons Commercial Opportunities
Grocery-anchored retail, pad sites, professional office, and multifamily in south Edmonton's active growth corridor. Limited supply, strong demand.
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