Inglewood Calgary Commercial Real Estate
Calgary's oldest neighbourhood and most distinctive inner-city commercial village. Heritage storefronts on 9th Avenue SE, boutique retail, antiques, restaurants and lofts. A gentrifying inner-city community with irreplaceable character buildings and growing residential density.
Inglewood Calgary — Market Overview
Inglewood is Calgary's oldest neighbourhood and one of its most commercially distinctive inner-city communities. Located immediately southeast of downtown along the north bank of the Bow River, Inglewood's commercial core runs along 9th Avenue SE — a heritage strip of Victorian and Edwardian-era brick storefronts that give the neighbourhood an authenticity rare in any Western Canadian city.
Commercial activity in Inglewood is concentrated in retail, hospitality, creative office and multifamily investment. The neighbourhood has no heavy or light industrial land — it transitioned out of its industrial past decades ago and is now defined by boutique retail, independent restaurants, craft beer, antiques and a growing arts community.
Gentrification in Inglewood has proceeded steadily over the past 15 years, driving residential density higher and retail rents upward. The neighbourhood benefits from the Calgary Zoo, Bow River pathways, Inglewood Bird Sanctuary and convenient access to downtown via both CTrain and cycling infrastructure.
Inglewood Cap Rates & Market Data (2025)
| Asset Class | Location | Cap Rate / Rate | Notes |
|---|---|---|---|
| Retail — Prime 9th Ave SE | 9th Ave SE Heritage Strip | 5.0–6.0% | Heritage storefronts, low turnover, national + independent mix |
| Retail — Secondary / Side Street | Side streets, east of 12th St SE | 5.5–6.5% | Second-generation, café and service uses |
| Office — Creative / Above Retail | 9th Ave SE upper floors | $16–22/sf gross | Studio, design, professional services |
| Multifamily — Walk-Up | Residential streets | 4.5–5.25% | Character buildings, value-add, strong rental demand |
| Multifamily — Loft / Conversion | Heritage warehouse block | 4.75–5.5% | Unique product, limited supply |
| Mixed Use — Retail + Residential | 9th Ave SE / Infill | 4.75–5.5% | Ground retail + upper residential, new infill and conversion |
| Non-Residential Mill Rate | City of Calgary 2025 | $17.18/1,000 AV | Applied to assessed value of commercial properties |
Why Investors Choose Inglewood
Irreplaceable heritage retail supply. 9th Avenue SE's Victorian and Edwardian-era storefronts cannot be replicated. Limited supply, low turnover and authentic character make this one of Calgary's most sought-after inner-city retail corridors.
Foot traffic from multiple sources. Daytime residential population, Calgary Zoo visitors, Bow River pathway users and evening dining destination traffic combine to deliver strong and diversified retail foot traffic across multiple seasons.
Gentrification trajectory still running. Inglewood has been gentrifying for 15+ years but is not yet fully mature. Infill development, Main Street zoning and increasing residential density continue to push rents and values upward.
Creative and hospitality clusters. The neighbourhood's brewery, arts and creative industry clusters generate synergies that attract more of the same. Independent retail thrives alongside these anchors.
No provincial income tax. Alberta's zero provincial income and sales tax advantages apply across all Inglewood commercial asset classes.
Inglewood Calgary — Frequently Asked Questions
What commercial real estate is available in Inglewood Calgary?
What are retail rents on 9th Avenue SE in Inglewood?
What are multifamily cap rates in Inglewood?
Is Inglewood good for commercial real estate investment?
What is the City of Calgary mill rate in 2025?
How do I buy or lease commercial space in Inglewood?
Exploring Inglewood?
Our Calgary advisors cover Inglewood retail, creative office, character multifamily and mixed-use — both leasing and investment sales on 9th Avenue SE and beyond.
Talk to a Broker