Sherwood Park — Strathcona County — Alberta's Largest Industrial Suburb
Sherwood Park Commercial Real Estate
Commercial real estate for lease and sale across Sherwood Park's key industrial, retail and office districts. Sherwood Park (within Strathcona County) is home to Alberta's Industrial Heartland and one of the la
$16–22Industrial Net Rent /sf
6.0–7.5%Industrial Cap Rate
0%Provincial Income Tax
20 kmEast of Edmonton
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Sherwood Park Submarkets
Alberta Industrial Heartland
North America's Largest Petrochem Zone
Strathcona County's Industrial Heartland north of Sherwood Park hosts Dow Chemical, NOVA Chemicals, Imperial Oil, Suncor, Inter Pipeline, Sherritt, and dozens of major petrochemical and refining operations. The highest-value industrial assessment in Canada. Demand for contractor yards, industrial support and maintenance facilities is constant.
$16–22/sfNet Rent / Cap
Heartland DirectKey Feature
Heavy IndustrialPrimary Use
Strathcona Industrial Park
Primary Service Industrial
Sherwood Park's established industrial park along Broadmoor Boulevard and Baseline Road. Oil and gas service companies, pipe fabricators, valve suppliers and industrial maintenance contractors. Strong long-term tenants with high renewal rates.
$14–18/sfNet Rent / Cap
Baseline RdKey Feature
IndustrialPrimary Use
Sherwood Park Freeway
Highway Commercial
Hwy 16 Yellowhead commercial strip east of Edmonton. Auto dealers, big-box retail and hotel corridor. Strong traffic counts from industrial worker commuters.
$18–26/sfNet Rent / Cap
Hwy 16 / YellowheadKey Feature
RetailPrimary Use
Emerald Hills / Festival Place
Premier Suburban Retail
Sherwood Park's premier retail and entertainment node. Emerald Hills Leisure Centre and Festival Place (professional performing arts) anchor high-income residential trade area. National retailers, restaurants, grocery.
$22–32/sfNet Rent / Cap
Emerald HillsKey Feature
RetailPrimary Use
Baseline Road Commercial
Mid-County Commercial
Baseline Road serves as Sherwood Park's main east-west commercial spine. Medical offices, professional services, financial, grocery anchors. Serving Alberta's wealthiest suburban demographic.
$18–28/sfNet Rent / Cap
Baseline RdKey Feature
Retail/OfficePrimary Use
South Sherwood / Wye Road
South Growth Commercial
Wye Road corridor south of Sherwood Park serves growing residential subdivisions. Newer commercial nodes. Strong family demographics.
$16–22/sfNet Rent / Cap
Wye RoadKey Feature
RetailPrimary Use
All Sherwood Park Communities
Browse Every Sherwood Park Neighbourhood
Baseline Road Corridor
Emerald Hills
Broadmoor Industrial
Lakeland Industrial
Sherwood Park Town Centre
Baseline Commercial
Downtown Sherwood Park
Emerald Hills Commercial
Heritage Hills Commercial
Lakeland Ridge Commercial
Sherwood Drive Commercial
Baseline East
Broadmoor Commercial Sp
Clover Bar Commercial
Conifer Commercial
Downtown Sp Commercial
Emerald Hills East
Emerald Park Commercial
Heritage Commercial Sp
Hillshire Commercial
Lakeland East
Lakeland Ridge East
Lakewood Commercial Sp
Ordze Commercial
Rotary Park Commercial
Sherwood Drive East
Sherwood Park Central
Sherwood Park East
Sherwood Park North
Town Centre East Sp
Wye Road Commercial
6.0–7.5%
Industrial Cap Rate
5.0–6.0%
Multifamily Cap Rate
0%
Provincial Income Tax
Heartland
North America's Largest Petrochem
Sherwood Park Commercial Real Estate — Market Overview 2025
Sherwood Park within Strathcona County is home to Alberta's Industrial Heartland and the highest per-capita industrial assessment of any Canadian municipality. Major petrochemical operators — Dow, NOVA Chemicals, Imperial, Suncor — anchor a massive industrial services and contractor market. The suburban residential community is one of Alberta's wealthiest, supporting strong retail fundamentals at Emerald Hills and along Baseline Road.
| Submarket | Asset Class | Vacancy | Net Rent | Cap Rate |
|---|---|---|---|---|
| Industrial Heartland | Heavy Industrial | <3% | $16–22/sf | 6.0–7.5% |
| Strathcona Ind. Park | Industrial Service | 4–7% | $14–18/sf | 6.5–8.0% |
| Emerald Hills | Retail | 3–5% | $22–32/sf net | 5.5–7.0% |
| Baseline Road | Retail/Office | 4–7% | $18–28/sf | 6.0–7.5% |
| Freeway Corridor | Retail | 4–7% | $18–26/sf net | 6.0–7.5% |
| City-Wide | Multifamily | 2–4% | — | 5.0–6.0% |
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
Sherwood Park Commercial Real Estate FAQ
Frequently Asked Questions — Sherwood Park
What are cap rates in Sherwood Park commercial real estate?
Sherwood Park 2025 cap rates: industrial 6.0–7.5%, retail 5.5–7.0%, multifamily 5.0–6.0%. Strathcona County's Industrial Heartland drives one of Alberta's strongest industrial markets with consistent long-term tenancy from major petrochemical operators.
What makes Sherwood Park industrial unique?
Strathcona County hosts the highest per-capita industrial assessment of any Canadian municipality. Alberta's Industrial Heartland — the largest integrated petrochemical zone in North America — drives constant demand for contractor yards, industrial support and maintenance facilities.
How do I find commercial space in Sherwood Park?
Contact Canada's Home Commercial via our contact form, or call +1-780-545-5955.
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