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Harvest Hills Commercial Real Estate

NE Calgary's established suburban retail hub at Country Hills Blvd NE and Harvest Hills Blvd — a mature, grocery-anchored commercial node serving a large, high-income north-NE catchment.

$21/sf
Avg. Retail Net Lease
5.6%
Retail Vacancy Rate
$1.6M
Avg. Strip Retail Sale
~26,000
Trade Area Population

Commercial Market Overview

Harvest Hills is a mature northeast Calgary community situated north of Country Hills Boulevard NE and east of Beddington Trail. The community's commercial market is one of the strongest in the north-NE quadrant, anchored by a large retail node at the Country Hills Boulevard NE and Harvest Hills Boulevard NE intersection. This node draws from a broad catchment that includes Harvest Hills, Country Hills, Panorama Hills, Coventry Hills, and Livingston, making it a de facto regional retail centre for the north Calgary corridor. The commercial profile is diverse, including full-format grocery, restaurants, medical, professional, and specialty retail.

Key Commercial Corridors

The Country Hills Boulevard NE and Harvest Hills Boulevard NE intersection forms the commercial epicentre, featuring multi-tenant strip plazas, stand-alone restaurant pads, a grocery-anchored power centre, and medical office buildings. The Harvest Hills Common shopping centre anchors the node with national tenants and a full-format grocery store that draws consistent foot traffic. Country Hills Blvd NE extends commercial activity both east and west, connecting to the Beddington Trail commercial corridor and the Stoney Trail ring road. The corridor has one of the highest vehicle count readings in north Calgary, making it a prime location for high-visibility retail formats.

Industrial
Light service commercial and small-bay industrial east of Stoney Trail NE. Suitable for contractor supply, auto services, and trades catering to north Calgary's ongoing residential construction boom.
Retail
Power centre and strip retail from 1,000–12,000 sf at Harvest Hills Common and along Country Hills Blvd NE. National and regional tenants anchor the node; inline opportunities also available.
Office
Medical-dental buildings and professional office from 800–5,000 sf near Harvest Hills Blvd. High demand from healthcare, financial services, and real estate professional users.
Land
Selected commercial and mixed-use development parcels remain along Country Hills Blvd NE. C-2 and DC zoning supports new retail and professional office development on available sites.

Investment Drivers

Harvest Hills benefits from some of the highest vehicle counts in north Calgary along Country Hills Boulevard NE, combined with a large, maturing residential trade area that exhibits above-average household incomes for a suburban NE location. The community's established commercial base has created a retail destination effect that draws consumers from Panorama Hills, Coventry Hills, Country Hills, and even newer communities such as Livingston and Carrington. Investors value Harvest Hills for its above-average occupancy rates, national credit tenancy, and the defensive characteristics of a grocery-anchored suburban power centre node.

Development Pipeline

Harvest Hills' established commercial node has limited new land for development, but selected infill sites along Country Hills Blvd NE and Harvest Hills Blvd remain available. Medical office and childcare developments have been active in recent years as the community's family demographic supports demand for these uses. The broader north Calgary growth corridor — with significant residential development in Livingston, Carrington, and Glacier Ridge underway — will continue to expand the Harvest Hills trade area catchment and support incremental demand for retail and service commercial space through the late 2020s.

Frequently Asked Questions

What is the commercial hub of Harvest Hills?

The Country Hills Blvd NE and Harvest Hills Blvd NE intersection forms the commercial hub of Harvest Hills, featuring strip retail plazas, a major grocery-anchored power centre, QSR restaurants, and professional service offices. Harvest Hills Common is the dominant retail anchor for the broader north-NE Calgary trade area.

How does Harvest Hills compare to other NE Calgary suburban commercial markets?

Harvest Hills is among the most established and highest-performing suburban commercial nodes in NE Calgary, with a larger and more diverse retail offering than newer communities. Its mature residential base, above-average household incomes relative to the NE quadrant, and strong vehicle counts on Country Hills Blvd NE differentiate it from emerging commercial nodes in Livingston or Carrington.

Who are typical commercial tenants in Harvest Hills?

Harvest Hills attracts a mix of national and regional tenants including full-format grocery, pharmacies, banks, QSR and casual dining restaurants, dental clinics, physiotherapy practices, and specialty retailers. The node's catchment size supports a more diverse tenant mix than most comparable suburban NE locations, including national soft goods and home improvement tenants at Harvest Hills Common.

What investment formats work best in Harvest Hills?

The most compelling investment formats in Harvest Hills are grocery-anchored strip plazas, multi-tenant medical office buildings, and pad-site QSR properties. These formats benefit from the community's large, necessity-driven trade area, high vehicle counts, and above-average household income demographics. Cap rates for stabilized assets typically range from 5.5–6.75% depending on tenancy and lease term.

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