{
  "url": "https://classa.info/cities/calgary",
  "title": "Calgary Class A Office Market",
  "description": "Western Canada's energy capital with deep Downtown trophy stock and active repositioning.",
  "oneSentenceAnswer": "Calgary Class A office rents around C$32/sqft/yr · ≈ $23.7 PSF/yr USD, with 28.4% vacancy and 18 months of typical rent-free on a 10-year term.",
  "tldr": [
    "Downtown vacancy near 28% reflects post-energy-cycle structural overhang.",
    "Calgary's Downtown Conversion Program is the most aggressive office-to-residential program in North America.",
    "Brookfield Place West (Cenovus, ConocoPhillips, Imperial Oil anchored) defines the trophy tier.",
    "Concessions remain among the richest in Canada — 18+ months free typical."
  ],
  "keyFacts": {
    "city": "Calgary",
    "country": "Canada",
    "region": "Americas",
    "classARentLocal": "C$32/sqft/yr · ≈ $23.7 PSF/yr USD",
    "classARentUsd": "$23.68/sqft/yr",
    "vacancyPct": "28.4%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 18,
    "submarkets": 5,
    "corporateTaxPct": "23%",
    "talentIndex": 76
  },
  "faqs": [
    {
      "question": "What is the Downtown Conversion Program?",
      "answer": "The City of Calgary's office-to-residential conversion program — the most aggressive in North America — has approved 17+ conversions through 2026 to remove obsolete Class B/C inventory and rebalance supply."
    },
    {
      "question": "How does the trophy tier compare to broader Class A?",
      "answer": "Trophy product (Brookfield Place West, Eighth Avenue Place, The Bow) clears at CAD 32-38/sqft; broader Class A averages CAD 22-28/sqft. The differential reflects deep flight-to-quality."
    },
    {
      "question": "When does Calgary's office market stabilise?",
      "answer": "2027-2028 is the consensus timeframe — contingent on continued conversion program execution and any commodity-price upcycle."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/calgary), updated 2026-04-15T00:00:00.000Z."
}