Provost is an east-central Alberta town in the heart of the Provost oil field, one of Alberta's oldest and most prolific conventional oil producing areas. The town also serves a productive grain farming region.

Submarket	Asset Class	Vacancy	Net Rent	Cap Rate
52nd Street / Downtown	Commercial	8–15%	$6–10/sf	9.5–11.5%
Hwy 13 Commercial	Commercial	8–15%	$6–10/sf	9.5–11.5%
Industrial / Oil Field	Commercial	8–15%	$6–10/sf	9.5–11.5%

Other Alberta Markets

Wainwright

80km north.

Lloydminster

130km north.

All Alberta

Commercial real estate across Alberta.

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

Provost Commercial Real Estate FAQ

Frequently Asked Questions — Provost

What are cap rates in Provost?

Provost 2025 cap rates: 9.5–11.5%. No provincial income tax in Alberta. Contact Canada's Home Commercial for listings.

What drives Provost's economy?

How do I find commercial space in Provost?

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Provost Neighbourhoods & Districts

Downtown Provost East Provost Highway 13 Provost Highway 41 Corridor Industrial Provost Lloydminster Highway North Provost Provost Main Street South Provost Wainwright Corridor West Provost

Your local Canada's Home Commercial team: Lloydminster →