# Calgary Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/calgary
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### What is the Downtown Conversion Program?
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.

### How does the trophy tier compare to broader Class A?
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.

### When does Calgary's office market stabilise?
2027-2028 is the consensus timeframe — contingent on continued conversion program execution and any commodity-price upcycle.

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Citation: Source: Class A Atlas (https://classa.info/cities/calgary), updated 2026-04-15T00:00:00.000Z.