New Brighton / Mahogany East Commercial Real Estate
SE Calgary's newest and fastest-growing suburban communities. Grocery-anchored power centres, neighbourhood strip retail, professional and medical office serving rapidly expanding residential catchment. Stoney Trail ring road access. No provincial income tax.
New Brighton / Mahogany East Commercial Real Estate Market Overview
New Brighton and Mahogany East represent the leading edge of SE Calgary residential growth, with commercial development following closely behind expanding population. These communities collectively house tens of thousands of residents, creating one of Calgary's strongest suburban commercial catchment areas with above-average household incomes and limited commercial supply relative to population.
The area's commercial fabric spans grocery-anchored power centre retail, neighbourhood strip plazas, drive-through pad sites along Stoney Trail, and emerging professional and medical office. Mahogany's lake community positioning attracts premium retail tenants seeking affluent suburban demographics. New construction buildings offer modern specifications and long-term leases with quality tenants.
Cap rates for grocery-anchored retail range from 5.5–6.5%, reflecting investor appetite for SE Calgary new suburban commercial. Mill rate of $17.18 and zero provincial income tax improve after-tax yields compared with similar assets in BC or Ontario. Professional and medical office trades at 6.5–8.0% with demand driven by the underserviced healthcare market in SE Calgary's newest communities.
2025 Cap Rate & Rent Reference — New Brighton / Mahogany East
| Asset Class | Lease Rate | Sale Cap Rate | Typical Size | Key Drivers |
|---|---|---|---|---|
| Power Centre Inline | $28–42/sf net | 5.5–6.5% | 1,000–10,000 sf | Grocery anchor, high traffic, suburban growth |
| Mahogany Village Retail | $26–38/sf net | 5.5–6.5% | 500–5,000 sf | Lake community demographics, new construction |
| Strip Plaza / Neighbourhood | $22–30/sf net | 6.0–7.5% | 800–8,000 sf | Community services, daily needs |
| Stoney Trail Pad Site | Ground lease | 5.0–6.0% | 3,000–6,000 sf | Ring road traffic, QSR, drive-through, NNN |
| Medical / Professional Office | $18–24/sf gross | 6.5–8.0% | 500–5,000 sf | Underserviced healthcare, growing population |
Frequently Asked Questions — New Brighton / Mahogany East Commercial Real Estate
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