Insurance occupiers in Calgary typically cluster in Beltline, plan ~220 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.

• Preferred submarket: Beltline.
• Typical fit-out spec: High-end ($155–220/sqft).
• Plan ~220 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.

TL;DR

• Preferred submarket: Beltline.
• Typical fit-out spec: High-end ($155–220/sqft).
• Plan ~220 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

Insurance occupiers in Calgary typically anchor in Beltline. Tech, advertising, hospitality groups, professional services.

What they pay

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.

Spec and fit-out

Typical insurance fit-out targets high-end specification at $155–220/sqft. Branded reception, full client-facing programming, premium furniture, and specialist AV are standard.

Headcount sizing

Plan around 220 sqft per seat blended (workstation + circulation + amenity). A 100-headcount insurance office in Calgary typically targets 22,000 sqft of leasable area.

Talent angle

Underwriting and actuarial talent concentrates near broker districts; long lease durations and conservative escalator structures are typical. 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

Frequently asked questions

Where do insurance occupiers lease office space in Calgary?

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

What fit-out spec do insurance occupiers run in Calgary?

Typically high-end at $155–220/sqft.

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

Plan ~220 sqft per seat blended. A 100-person team typically takes 22,000 sqft.

What NAICS codes describe the insurance vertical?

Representative NAICS 2022 codes: 524, 5241.

What is the talent index in Calgary?

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

Related

• Insurance — global overview
• Calgary — full city profile
• Financial services in Calgary
• Asset management in Calgary
• Investment banking in Calgary
• Legal services in Calgary

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

Full sources index · Submit a correction

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