Downtown Edmonton — Jasper Avenue NW · 97 St to 124 St · LRT Corridor · Government Precinct

Jasper Avenue Corridor Edmonton

Edmonton's downtown commercial spine. Class A and B office towers, ground-floor retail, Hotel Row, LRT stops, and the provincial government precinct — the city's most prominent commercial address.

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$22–38/sfRetail Net Rent

7.0–8.5%Office Cap Rate

$18–32/sfOffice Net Rent

Metro LRTDirect LRT Access

Property Types

What's Available on Jasper Avenue

Class A & B Office

$18–32/sf net

High-Rise Towers · Government Tenants · LRT-Adjacent

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Ground-Floor Retail

$22–38/sf net

Food & Beverage · Service Retail · High Foot Traffic

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Hotel / Hospitality

Hotel Row · Flag & Boutique

Full-Service · Extended Stay · Conference

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~18%

Downtown Office Vacancy

$25/sf

Avg Class A Net Rent

LRT Stops on Corridor

Gov't

Anchor Tenant Precinct

Sub-Markets

Key Nodes Along Jasper Avenue

Government Precinct

97 St to 107 St · Provincial Anchor

Provincial government offices, Alberta Legislature grounds, and institutional uses anchor the east end of Jasper Avenue. Long-term government tenancy supports stable office fundamentals.

OfficeRetail

$20–28/sfOffice Net

7.0–7.5%Cap Rate

Hotel Row

107 St to 112 St · Hospitality Cluster

Concentration of full-service and flag hotels serving government, corporate, and conference demand. Strong ADR driven by proximity to convention centre and legislature.

HotelRetail

6.5–8.0%Hotel Cap

High ADRConvention

Core Office District

112 St to 124 St · Class A Towers

Western office corridor with Class A and B towers, financial services, law firms, and professional services tenants. LRT-adjacent blocks command premium rents and lower vacancy.

OfficeMixed-Use

$22–32/sfClass A Net

7.5–8.5%Cap Rate

Ground-Floor Retail Strip

Full Corridor · LRT Nodes

Restaurant row, service retail, and food and beverage throughout the corridor. LRT-stop nodes generate highest foot traffic and support premium retail rents for food, coffee, and convenience uses.

RetailOffice

$22–38/sfRetail Net

5.5–7.0%Cap Rate

Jasper Avenue Corridor — Edmonton Market Overview

Jasper Avenue is Edmonton's primary downtown commercial address, running east-west through the city core from the provincial legislature at 97 Street to the financial district near 124 Street. The corridor hosts the city's highest concentration of Class A and B office towers, ground-floor retail, hotel assets, and government-anchored tenancy in Alberta's capital.

The corridor benefits from direct Metro Line LRT service with multiple stops, connecting downtown workers and visitors to the broader Edmonton transit network. The provincial government precinct — anchored by the Alberta Legislature and numerous ministry offices — provides long-term institutional demand that stabilizes the east end of the corridor.

Hotel Row along the mid-corridor (107 to 112 Street) serves conference, government, and corporate demand, with full-service flag hotels and boutique properties drawing strong average daily rates. Ground-floor retail throughout the corridor is driven by office worker daytime demand and tourism-related foot traffic.

Cap Rates & Lease Rates — 2025 Market Data

Asset Class	Cap Rate Range	Lease Rate	Vacancy	Notes
Class A Office	7.0–7.5%	$22–32/sf net	~16%	Gov't / institutional tenancy; LRT-adjacent
Class B Office	7.5–8.5%	$18–24/sf net	~20%	Value-add opportunities; shorter lease terms
Ground-Floor Retail	5.5–7.0%	$22–38/sf net	~10%	F&B and service; LRT nodes at upper end
Hotel / Hospitality	6.5–8.0%	ADR-driven	Seasonal	Full-service flag and boutique; convention demand
Mixed-Use Podium	6.0–7.5%	Blended	Varies	Retail podium + residential or office above

Frequently Asked Questions — Jasper Avenue Commercial Real Estate

What property types are available along Jasper Avenue?

Jasper Avenue supports Class A and B office towers, ground-floor retail and restaurant space, boutique hotel assets (Hotel Row), and mixed-use podium buildings. The corridor runs from approximately 97 Street to 124 Street along Jasper Avenue NW, forming Edmonton's primary downtown commercial spine.

What are office cap rates on Jasper Avenue?

Office cap rates along Jasper Avenue range from 7.0–8.5% in 2025, reflecting downtown office fundamentals. Class A buildings with long-term government or institutional tenancy trade toward 7.0–7.5%. Older Class B assets with shorter lease terms trade at 8.0–8.5% or higher.

What are retail lease rates on Jasper Avenue?

Ground-floor retail net rents on Jasper Avenue range from $22–38/sf net in 2025, depending on location, bay size, and proximity to LRT stops. Food and beverage uses and service retail at high foot-traffic nodes command the upper end of range.

How does LRT access affect Jasper Avenue commercial values?

The Metro Line LRT runs parallel to Jasper Avenue with multiple stops serving the corridor, providing direct connections to NAIT, Grant MacEwan University, and the south LRT network. LRT proximity is a significant value driver for office and retail properties, supporting higher rents and lower vacancies near stations.

Who should I contact to lease or buy on Jasper Avenue?

Contact Canada's Home Commercial. We specialize in Edmonton downtown commercial real estate including office, retail, and hotel assets along the Jasper Avenue Corridor.

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Office towers, retail podiums, hotel assets, and government-precinct space along Edmonton's downtown spine. Our brokers know this corridor inside out.

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