Edmonton's Affluent North Suburb — One of Canada's Most Livable Cities
St. Albert Commercial Real Estate
Industrial, office and retail for lease and sale across St. Albert's Trail commercial corridor, Sturgeon Valley industrial, Jensen Lakes and downtown Perron Street.
$14–18Industrial Net Rent /sf
6.0–7.0%Industrial Cap Rate
0%Provincial Income Tax
15kmSouth to Edmonton
Property Types
Explore by Property Type
Browse by Area
St. Albert Submarkets
St. Albert Trail Corridor
Primary Retail Spine
The city's main commercial artery. National retailers, grocery anchors, QSR and auto dealers. Highest retail lease rates in St. Albert supported by the city's high-income residential base.
$20–30/sfNet Rent / Cap
National AnchorsKey Feature
RetailPrimary Use
Sturgeon Valley Industrial
Primary Industrial Node
Light industrial, manufacturing and distribution. Energy sector service companies. Highway 2 proximity. Lower land costs than Edmonton proper.
$14–18/sfNet Rent / Cap
Hwy 2 AccessKey Feature
IndustrialPrimary Use
Downtown / Perron Street
Heritage Office & Retail
Award-winning walkable downtown. Professional services, law firms and boutique retail. Farmers market attracts high-income residents. Unique character in suburban Alberta.
$14–20/sfNet Rent / Cap
Heritage AreaKey Feature
Office/RetailPrimary Use
Jensen Lakes / NW Airdrie
Newest Suburban Retail
Fastest-growing commercial fringe. Strip centres and medical offices absorbing quickly. Best entry for new retail serving high-income demographics.
$18–26/sfNet Rent / Cap
Growth AreaKey Feature
Retail/MedicalPrimary Use
Lacombe Park Medical
Medical Office Cluster
Specialist physicians, dental, physiotherapy and allied health. Proximity to Sturgeon Community Hospital drives consistent demand. Strong medical rents.
$18–26/sfNet Rent / Cap
Sturgeon HospitalKey Feature
MedicalPrimary Use
North Industrial
Secondary Industrial
Flex, service bay and contractor users. Newer area growing as residential expands northward. Competitively priced.
$12–16/sfNet Rent / Cap
Flex FocusKey Feature
IndustrialPrimary Use
All St. Albert Communities
Browse Every St. Albert Neighbourhood
Downtown St. Albert
Erin Ridge / St. Albert Centre
Riverside Industrial
Sturgeon Industrial
North St. Albert
Grandin
North Ridge
St Albert Centre
Downtown St Albert
Grandin Commercial
Lacombe Park Commercial
North Ridge St Albert
Perron Street Commercial
Sturgeon Commercial
Akinsdale Commercial
Braeside Commercial St Albert
Campbell Commercial St Albert
Erin Ridge Commercial
Mission Commercial St Albert
North Ridge Commercial
Woodlands Commercial St Albert
Akinsdale East
Braeside East Sa
Campbell East Sa
Downtown East Sa
Erin Ridge East
Erin Ridge North
Grandin East
Lacombe Park East
Mission East Sa
North Ridge East
North Sa Commercial
Perron Street East
Riverside Commercial Sa
St Albert Centre East
Sturgeon Commercial East
Sturgeon East Sa
Town Centre Sa
Village Commercial Sa
West Sa Commercial
Woodlands East Sa
6.0–7.0%
Industrial Cap Rate
4.5–5.5%
Multifamily Cap Rate
0%
Provincial Income Tax
15km
To Edmonton
St. Albert Commercial Real Estate — Market Overview 2025
St. Albert consistently ranks among Canada's most livable and wealthiest mid-size cities, with average household incomes well above provincial and national averages. The affluent residential base drives strong retail fundamentals across the St. Albert Trail corridor, while Sturgeon Valley industrial serves the greater Edmonton oil and gas service industry at lower land costs than Edmonton proper.
| Submarket | Asset Class | Vacancy | Net Rent | Cap Rate |
|---|---|---|---|---|
| St. Albert Trail | Retail | 3–5% | $20–30/sf net | 5.5–7.0% |
| Sturgeon Valley | Industrial | 5–8% | $14–18/sf | 6.0–7.0% |
| Downtown | Office | 8–14% | $14–20/sf gross | 7.0–8.5% |
| Jensen Lakes | Retail/Medical | 4–7% | $18–26/sf net | 5.5–7.0% |
| Lacombe Park | Medical Office | 4–7% | $18–26/sf gross | 6.0–7.5% |
| City-Wide | Multifamily | 2–4% | — | 4.5–5.5% |
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
St. Albert Commercial Real Estate FAQ
Frequently Asked Questions — St. Albert
What are cap rates in St. Albert commercial real estate?
St. Albert 2025 cap rates: industrial 6.0–7.0%, retail 5.5–7.0%, multifamily 4.5–5.5%, office 7.0–8.5%. One of the highest household income demographics of any mid-size Canadian city supports strong retail fundamentals.
What makes St. Albert retail attractive?
St. Albert's average household income consistently ranks among Canada's highest for cities its size. This affluent residential base drives strong retail sales per square foot, low vacancy and consistent demand growth for medical office and professional services.
How do I find commercial space in St. Albert?
Contact Canada's Home Commercial via our contact form, or call +1-780-545-5955.
Ready to Find Commercial Space in St. Albert?
Industrial, office, retail or investment — our team covers every St. Albert submarket.