Downtown Core is a trophy-tier Calgary submarket with average asking rent around C$36/sqft/yr · ≈ $26.6 PSF/yr USD.

  • Average asking rent: C$36/sqft/yr · ≈ $26.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$32/sqft/yr · ≈ $23.7 PSF/yr USD ($24 USD).
  • Citywide vacancy: 28.4% — submarket-level availability is typically tighter at trophy tier.

Downtown Core, Calgary office rents and availability

Downtown Core is a trophy-tier Calgary submarket with average asking rent around C$36/sqft/yr · ≈ $26.6 PSF/yr USD.

TL;DR

  • Average asking rent: C$36/sqft/yr · ≈ $26.6 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: C$32/sqft/yr · ≈ $23.7 PSF/yr USD ($24 USD).
  • Citywide vacancy: 28.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Downtown Core averages around C$36/sqft/yr · ≈ $26.6 PSF/yr USD for Class A, against a citywide Class A index of 32. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

The energy-anchored trophy spine. Energy (Cenovus, ConocoPhillips, Imperial Oil, TC Energy), banking, law firms.

Key facts

cityCalgary
submarketDowntown Core
tiertrophy
averageRentLocalC$36/sqft/yr · ≈ $26.6 PSF/yr USD
cityClassARentUsd$24/sqft/yr
cityVacancyPct28.4%

Frequently asked questions

What is the average Class A rent in Downtown Core, Calgary?
Around C$36/sqft/yr · ≈ $26.6 PSF/yr USD. The citywide Class A index sits at C$32/sqft/yr · ≈ $23.7 PSF/yr USD.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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