Sherwood Park Commercial Real Estate 0 Listings

Sherwood Park: A Premier Destination for Commercial Real Estate

Introduction

Sherwood Park, a thriving urban service area in Alberta, Canada, offers a compelling landscape for commercial real estate (CRE). With a population of over 70,000, Sherwood Park is strategically positioned within the Edmonton Metropolitan Region, making it an attractive hub for businesses looking to leverage its robust economy. The region's diverse economy, bolstered by major industry clusters such as petrochemicals, logistics, and manufacturing, creates a vibrant market for various commercial property types. Its strategic location and supportive business environment further enhance Sherwood Park's appeal as a premier destination for commercial real estate investment.

Economic and Industry Overview

Sherwood Park's economy is driven by several key industries:

Petrochemicals: The proximity to Alberta’s Industrial Heartland, one of the world's most attractive locations for petrochemical, oil, and gas investment, fuels demand for industrial and office spaces.
Logistics and Distribution: With its strategic location near major highways and rail lines, Sherwood Park is a logistical powerhouse, increasing demand for warehouses and distribution centers.
Manufacturing: A strong manufacturing base supports a need for industrial spaces and innovation districts.

The Alberta Industrial Heartland Association is a pivotal regional economic development initiative promoting investment in the area.

Strategic Location and Transportation Infrastructure

Sherwood Park enjoys excellent connectivity:

Highways: Key highways such as Highway 16 and Highway 21 provide seamless access to Edmonton and other major markets.
Airports: Proximity to Edmonton International Airport facilitates global business operations.
Rail Lines: Efficient connectivity through major Canadian National Railway lines supports freight and logistics.

These transportation advantages offer significant logistical benefits, ensuring easy distribution and access to a skilled labor pool. For more details, visit the Alberta Transportation website.

Commercial Real Estate Inventory & Zoning

Sherwood Park features diverse submarkets:

Central Business District (CBD): A hub for office spaces and retail establishments.
Industrial Corridors: Key areas for manufacturing and distribution facilities.
Innovation Districts: Zones fostering tech and research development.

Recent zoning changes have introduced incentives for mixed-use developments, enhancing the region's appeal to developers. For zoning maps and parcel viewers, visit the Strathcona County Zoning Map.

Major Employers and Institutions

Sherwood Park is home to significant employers and institutions:

Imperial Oil and Shell Canada: Key players in petrochemicals and energy sectors.
Strathcona County Government: A major employer driving demand for office spaces.
Elk Island Public Schools: Enhancing demand for community-focused commercial properties.

For a full list of businesses, refer to the Strathcona County Business Directory.

Notable Commercial Developments & Projects

Sherwood Park hosts several large-scale developments:

Emerald Hills Urban Village: A mixed-use development offering retail, office, and residential spaces.
Heartland Industrial Park: A key site for industrial growth.

These projects are often part of public-private partnerships or designated as Opportunity Zones. More information is available at the Strathcona County Planning and Development site.