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Deerfoot Meadows is an open-air power center in southeast Calgary, Alberta, spanning 321,000 square feet of gross leasable area within a larger 3.5 million square foot development that includes shadow anchors. Positioned adjacent to major highways including Deerfoot Trail and Glenmore Trail, it benefits from high vehicular traffic exceeding 200,000 vehicles daily, facilitating easy access for regional shoppers.

The tenant mix comprises over 50 retailers focused on value-oriented and big-box formats, including Nordstrom Rack, Banana Republic Factory Store, Gap Factory Store, Sport Chek, Michaels, and food options like Five Guys and Starbucks, complemented by anchors such as the only IKEA in southern Alberta, Costco, Walmart Supercenter, T&T Supermarket, and Real Canadian Superstore. This configuration draws middle-income families and value-conscious consumers from Calgary's growing suburbs.

In the 2025 Calgary retail market, characterized by low vacancy rates around 4% and steady demand from population growth of 1.4% year-to-date, Deerfoot Meadows holds a strong position as a destination for everyday essentials and outlet shopping.

Leasing advantages include high footfall estimated at 40 million annual visitors site-wide, robust occupancy supported by market fundamentals, and potential for cross-traffic from anchors, though retailers should note car dependency and competition from e-commerce.

Operational quality is maintained through modern infrastructure, but traffic congestion on access routes poses risks during peak hours.

Overall, it suits retailers targeting budget-driven demographics in a stable, expanding market with moderate rent levels aligned with regional averages of CAD 25-40 per square foot for similar power centers.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 09:00 PM
Saturday10:00 AM — 09:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

8180 11 Street SE, Calgary, Canada

Insights

Demographic Profile

Deerfoot Meadows serves a diverse suburban demographic in southeast Calgary, primarily middle-income households with average annual incomes of CAD 70,000-90,000, including young families and immigrants drawn to affordable housing in areas like Penbrooke Meadows. The surrounding zones exhibit population growth of 6% in 2024, boosting household formation and retail spending on essentials. Key metrics include a median age of 35-40 years and high vehicle ownership rates over 90%, reflecting car-centric lifestyles. This profile supports strong performance for big-box and value retailers, with annual sales per square foot averaging CAD 500-700 in comparable centers, though lower discretionary spending compared to upscale malls like Chinook Centre may limit luxury category success.

Competitive Landscape

The center faces competition from nearby power centers such as Deerfoot City and Sunridge Mall, which offer similar big-box tenants and ethnic groceries, leading to market saturation in grocery and home improvement categories. Calgary's retail landscape in 2025 shows tightening availability at 5.2% vacancy citywide per CBRE, with net absorption slowing to 150,000 square feet in H1 due to e-commerce pressures reducing footfall by 5-10% in non-essential retail. Strengths include unique anchors like IKEA driving spillover traffic, but weaknesses arise from overlapping demographics and online alternatives eroding 15% of apparel sales. Retailers should evaluate co-tenancy clauses to mitigate risks from potential anchor vacancies, which could impact overall occupancy stability at 92-95%.

Accessibility and Footfall

Excellent highway proximity to Deerfoot Trail provides superior vehicular access, with on-site parking for over 2,000 vehicles and minimal pedestrian reliance given the open-air format. Annual footfall reaches 40 million visitors across the site, supported by 200,000 daily passing vehicles, though actual store traffic varies by category with anchors capturing 60% of visits. Challenges include congestion during rush hours, reducing effective accessibility, and limited public transit options east of Deerfoot Trail, where walkability scores below 40/100 per urban planning metrics. In a car-dependent market, this drives high conversion rates for drive-thru and quick-service tenants, but aging infrastructure in surrounding areas may increase maintenance costs for operators over time.

Building Details

Property Type
Regional
Gross Leasable Area
29,822
Year Built
2005
Parking Spaces
1500
Average Monthly Footfall
283,333
Owner
Ivanhoe Cambridge
Anchor Tenants
IKEA, Costco, Walmart Supercentre, T&T Supermarket, Real Canadian Superstore

Detailed Market Analytics

Primary Catchment Area
10 km radius
Secondary Catchment Area
30 km radius
Catchment area population
1,539,818 People
Population growth rate
2.5 %
Median age
37.8 Years
Household size
2.6 Persons per household
Education level (tertiary)
35.0 %

Median household income
$139,242 CAD
Unemployment rate
6.5 %
Cost of living index
105 Index (Canada=100)

Retail spending per capita
$25,000 CAD per year
Spending on apparel
$1,200 CAD per year
Spending on groceries
$5,000 CAD per year
Spending on electronics
$800 CAD per year

Annual foot traffic
3,400,000 Visitors
Dwell time
76 Minutes
Conversion rate
25.0 %
Sales per square meter
$10,000 CAD

Number of retail stores
45 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
Medium Density
Tenant diversity
High Diversity
Unique Concepts
Open-air format with big-box anchors Concepts

Gross Leasable Area
29,822 sqm
Number of Levels
1 Levels
Average rent per square meter
$430 CAD per sqm per year
Vacancy rate
5.0 %
Lease term flexibility
Moderate Flexibility
Available retail space
929 sqm

Proximity to main roads
Direct Access
Public transport access
Good Access
Parking spaces
1,500 Spaces
Pedestrian traffic
Low Traffic

E-commerce competition
High Competition
Click-and-collect adoption
High Adoption
Internet penetration
95.0 %

Retail crime rate
Increasing Rate
Security measures
CCTV and guards Measures

Promotional events
Seasonal Events
Loyalty program penetration
Medium Penetration
Digital signage presence
Yes Presence

Projected foot traffic growth
3.0 %
New tenant pipeline
Ongoing Pipeline
Mall expansion plans
Part of larger development Plans
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