Biotech and life sciences occupiers in Calgary typically cluster in Beltline, plan ~320 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.
Biotech and life sciences occupiers in Calgary typically cluster in Beltline, plan ~320 sqft per seat at high-end fit-out">fit-out ($155–220/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.
Biotech and life sciences occupiers in Calgary typically anchor in Beltline. Tech, advertising, hospitality groups, professional services.
Class A rent in Calgary runs 32 CAD/sqft ($24 USD) on a 10-year lease with 18 months free. Prime submarkets sit at or modestly above the city index.
Typical biotech and life sciences fit-out targets high-end specification at $155–220/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.
Plan around 320 sqft per seat blended (workstation + circulation + amenity). A 100-headcount biotech office in Calgary typically targets 32,000 sqft of leasable area.
Cluster effects are decisive: PhD-grade talent concentrates near academic-medical anchors and translational research institutes. 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.
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.
| city | Calgary |
|---|---|
| industry | Biotech and life sciences |
| naics | 541714, 541715, 325412 |
| preferredSubmarket | Beltline |
| preferredFitoutSpec | High-end |
| fitoutBand | $155–220/sqft |
| sqftPerSeat | 320 |
| classARentLocal | 32 CAD/sqft/yr |
| classARentUsd | $24/sqft/yr |
| vacancyPct | 28.4% |
| typicalLeaseYears | 10 |
| typicalRentFreeMonths | 18 |
| talentIndex | 76 |
| corporateTaxPct | 23% |
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.