Lakewood / Rutherford South Edmonton
South Edmonton mature suburban commercial along 23 Avenue and 111 Street. Grocery-anchored strip malls, medical and dental offices, neighbourhood services, and multifamily investment in Lakewood and Rutherford — two of south Edmonton's most established communities.
Lakewood / Rutherford South — Edmonton Market Overview
Lakewood and Rutherford are mature south Edmonton suburban communities with established commercial activity concentrated along 23 Avenue and 111 Street. These corridors serve as the primary commercial spine for a large and stable south Edmonton residential catchment.
Grocery-anchored strip retail along 23 Avenue generates consistent daily-needs traffic, while the 111 Street medical corridor concentrates dental, medical, and allied health tenants serving south Edmonton's residential population. Both corridors benefit from limited new competing supply and stable long-term tenant rosters.
Medical office investment is particularly attractive in this submarket, with strong tenant demand and limited new supply keeping vacancy below 5% and supporting lease rates of $20–28/sf net for clinical space. Multifamily investment in mature south Edmonton communities delivers stable 4.5–5.5% cap rates.
Cap Rates & Lease Rates — 2025 Market Data
| Asset Class | Cap Rate Range | Lease Rate | Vacancy | Notes |
|---|---|---|---|---|
| Grocery-Anchored Strip Retail | 5.5–6.0% | $24–34/sf net | ~5% | Daily needs anchor; stable south Edmonton |
| Neighbourhood Strip Retail | 6.0–6.5% | $20–28/sf net | ~7% | Service retail; community-serving |
| Medical / Dental Office | 6.0–7.0% | $20–28/sf net | ~4% | High demand; limited new supply |
| Multifamily Apartment (Mature) | 4.5–5.5% | Market rents | ~2% | Stable south Edmonton; low vacancy |
| Retail Pad Site | 5.5–6.5% | $28–38/sf net | ~4% | Drive-through; fast food pads |
Frequently Asked Questions — Lakewood / Rutherford South Commercial Real Estate
What commercial activity is in Lakewood and Rutherford South Edmonton?
What are retail cap rates in Lakewood and Rutherford?
What are medical office lease rates in south Edmonton?
Is multifamily a good investment in Lakewood and Rutherford?
Who should I contact to invest in Lakewood or Rutherford commercial real estate?
Explore Lakewood / Rutherford Commercial Opportunities
Grocery-anchored retail, medical office, and multifamily investment in mature south Edmonton communities with stable demand and low vacancy.
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