Where do asset management occupiers lease office space in Calgary?

Most cluster in Downtown Core. Rent runs ~32 CAD/sqft ($24 USD) for trophy and prime stock.

What fit-out spec do asset management occupiers run in Calgary?

Typically trophy at $220–310/sqft.

How much office space per seat should a asset management occupier plan in Calgary?

Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.

What NAICS codes describe the asset management vertical?

Representative NAICS 2022 codes: 523930, 523920.

What is the talent index in Calgary?

76/100. Use the city profile for full detail.

Asset management occupiers in Calgary typically cluster in Downtown Core, plan ~230 sqft per seat at trophy fit-out ($220–310/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.

Preferred submarket: Downtown Core.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 32 CAD/sqft ($24 USD).
Typical lease: 10 years with 18 months rent-free.
Talent depth in Calgary: 76/100.

Asset management office space in Calgary

Asset management occupiers in Calgary typically cluster in Downtown Core, plan ~230 sqft per seat at trophy fit-out">fit-out ($220–310/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.

TL;DR

Preferred submarket: Downtown Core.
Typical fit-out spec: Trophy ($220–310/sqft).
Plan ~230 sqft per seat for headcount sizing.
Class A rent context: 32 CAD/sqft ($24 USD).
Typical lease: 10 years with 18 months rent-free.
Talent depth in Calgary: 76/100.

Where they cluster

Asset management occupiers in Calgary typically anchor in Downtown Core. Energy (Cenovus, ConocoPhillips, Imperial Oil, TC Energy), banking, law firms.

What they pay

Class A rent in Calgary runs 32 CAD/sqft ($24 USD) on a 10-year lease with 18 months free. Trophy submarkets command a 20–40% premium above the city index.

Spec and fit-out

Typical asset management fit-out targets trophy specification at $220–310/sqft. Bespoke design, signature feature, top-tier MEP and acoustic packages are standard.

Headcount sizing

Plan around 230 sqft per seat blended (workstation + circulation + amenity). A 100-headcount asset mgmt office in Calgary typically targets 23,000 sqft of leasable area.

Talent angle

Portfolio teams cluster around private-banking corridors; family-office tenancy keeps boutique trophy stock tight. Strong energy, engineering, and finance talent. University of Calgary, SAIT, and Mount Royal anchor the regional pipeline. Strong tech talent migration since 2020 driven by tech HQ relocations and the +15 Skywalk's amenitized urban environment.

Tax and lease context

Headline corporate tax: 23%. Triple-net (NNN) structures with operating cost recoveries and property tax pass-throughs. 5-10 year terms standard. Free rent of 14-20 months and TI of CAD 60-90/sqft typical on a 10-year Class A deal. Most generous concession environment in major Canadian markets.

Key facts

city	Calgary
industry	Asset management
naics	523930, 523920
preferredSubmarket	Downtown Core
preferredFitoutSpec	Trophy
fitoutBand	$220–310/sqft
sqftPerSeat	230
classARentLocal	32 CAD/sqft/yr
classARentUsd	$24/sqft/yr
vacancyPct	28.4%
typicalLeaseYears	10
typicalRentFreeMonths	18
talentIndex	76
corporateTaxPct	23%

Frequently asked questions

Where do asset management occupiers lease office space in Calgary?: Most cluster in Downtown Core. Rent runs ~32 CAD/sqft ($24 USD) for trophy and prime stock.
What fit-out spec do asset management occupiers run in Calgary?: Typically trophy at $220–310/sqft.
How much office space per seat should a asset management occupier plan in Calgary?: Plan ~230 sqft per seat blended. A 100-person team typically takes 23,000 sqft.
What NAICS codes describe the asset management vertical?: Representative NAICS 2022 codes: 523930, 523920.
What is the talent index in Calgary?: 76/100. Use the city profile for full detail.

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.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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