Pegasus / Stoney Trail NE Industrial Real Estate
Pegasus Business Park and the Stoney Trail NE corridor offer newer large-format industrial and logistics facilities with direct ring road access. One of Calgary's most modern NE industrial nodes — purpose-built distribution centres, cross-dock facilities and highway-commercial retail.
Pegasus / Stoney Trail NE — Market Overview
The Pegasus / Stoney Trail NE corridor represents Calgary's newest and most modern NE industrial development node. Anchored by Pegasus Business Park and Stoney Trail (Calgary's ring road), this submarket is characterized by institutional-grade, large-format industrial buildings constructed from the 2000s through the 2020s.
Compared to the older established industrial areas of Barlow Trail or Mayland Heights, Pegasus offers modern specifications: 30–40 foot clear heights, ESFR sprinkler systems, heavy power, dock-intensive loading, and large truck courts capable of accommodating 53-foot trailers. These specifications are required by e-commerce, retail distribution and third-party logistics operators.
Stoney Trail ring road access allows tenants to bypass Calgary's inner-city congestion entirely, reaching the Trans-Canada Highway, Deerfoot Trail and Barlow Trail within minutes. This connectivity advantage, combined with modern building stock, supports rent premiums over older NE industrial areas.
Pegasus / Stoney Trail NE Cap Rates & Market Data (2025)
| Asset Class | Location | Cap Rate | Notes |
|---|---|---|---|
| Large-Format Logistics — Modern High-Bay | Stoney Trail NE | 6.0–7.0% | New construction, creditworthy tenants |
| Industrial — Medium Bay (Newer) | Pegasus Business Park | 6.5–7.5% | 2000s–2020s vintage |
| Cross-Dock / Freight Terminal | Ring Road Corridor | 6.0–7.0% | National carriers, long-term |
| Flex Industrial — Small Bay (New) | Pegasus NE | 6.5–7.5% | Owner-user and multi-tenant |
| Highway Commercial — Retail Pad | Stoney Trail NE | 5.5–6.5% | QSR, auto dealer, hotel |
NE Calgary industrial lease rates: $13–17/sf net for Pegasus / Stoney Trail modern industrial. Calgary 2025 mill rate: $17.18 non-residential.
Why Investors Choose Pegasus / Stoney Trail NE
Modern specifications that institutional tenants demand. 30–40 foot clear heights, ESFR sprinklers and dock-intensive loading are increasingly required by e-commerce and retail distribution tenants. Pegasus is one of the few Calgary NE submarkets that delivers these specifications.
Stoney Trail ring road is a structural competitive advantage. Direct ring road access means tenants bypass city congestion. No other Calgary industrial corridor offers this combination of ring road access and NE location.
Institutional-grade tenants mean stable income. Large-format logistics and distribution tenants signing 10+ year leases are a hallmark of the Pegasus / Stoney Trail corridor. These creditworthy tenants support cap rate compression and institutional interest.
Growth corridor with available land. Unlike mature inner-NE industrial areas with no new land, Stoney Trail NE has available development land for build-to-suit and speculative modern industrial. Growing demand from e-commerce continues to absorb new supply.
Pegasus / Stoney Trail NE — Frequently Asked Questions
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Our NE Calgary industrial advisors cover Pegasus Business Park and the Stoney Trail NE corridor — modern logistics, distribution and highway commercial.
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