Real estate and infrastructure occupiers in Calgary typically cluster in Downtown Core, plan ~215 sqft per seat at high-end fit-out ($155–220/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.
Real estate and infrastructure occupiers in Calgary typically cluster in Downtown Core, plan ~215 sqft per seat at high-end fit-out">fit-out ($155–220/sqft), and pay around 32 CAD/sqft ($24 USD) on Class A.
Real estate and infrastructure occupiers in Calgary typically anchor in Downtown Core. Energy (Cenovus, ConocoPhillips, Imperial Oil, TC Energy), banking, law firms.
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.
Typical real estate and infrastructure 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 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount real estate office in Calgary typically targets 21,500 sqft of leasable area.
Sponsor and asset-management teams favor trophy CBD addresses with proximity to investment-banking and law-firm tenancy. 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 | Real estate and infrastructure |
| naics | 531, 237 |
| preferredSubmarket | Downtown Core |
| preferredFitoutSpec | High-end |
| fitoutBand | $155–220/sqft |
| sqftPerSeat | 215 |
| 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.