Energy and commodities occupiers in Calgary typically cluster in Downtown Core, plan ~240 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 ~240 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.

Energy and commodities office space in Calgary

Energy and commodities occupiers in Calgary typically cluster in Downtown Core, plan ~240 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 ~240 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

Energy and commodities 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 energy and commodities 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 240 sqft per seat blended (workstation + circulation + amenity). A 100-headcount energy office in Calgary typically targets 24,000 sqft of leasable area.

Talent angle

Trading floors concentrate in CBD trophy product with redundant power and connectivity; engineering teams scale in suburban energy corridors. 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

cityCalgary
industryEnergy and commodities
naics211, 212, 523130
preferredSubmarketDowntown Core
preferredFitoutSpecTrophy
fitoutBand$220–310/sqft
sqftPerSeat240
classARentLocal32 CAD/sqft/yr
classARentUsd$24/sqft/yr
vacancyPct28.4%
typicalLeaseYears10
typicalRentFreeMonths18
talentIndex76
corporateTaxPct23%

Frequently asked questions

Where do energy and commodities 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 energy and commodities occupiers run in Calgary?
Typically trophy at $220–310/sqft.
How much office space per seat should a energy and commodities occupier plan in Calgary?
Plan ~240 sqft per seat blended. A 100-person team typically takes 24,000 sqft.
What NAICS codes describe the energy and commodities vertical?
Representative NAICS 2022 codes: 211, 212, 523130.
What is the talent index in Calgary?
76/100. Use the city profile for full detail.

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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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