# Calgary office lease norms

> Triple-net (NNN) structures with operating cost recoveries and property tax pass-throughs.

**Canonical URL:** https://classa.info/cities/calgary/leasing-conventions
**Page type:** city-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Typical lease length: 10 years.
- Typical rent-free: 18 months.
- Vacancy: 28.4%; trend softening.
- Triple-net (NNN) structures with operating cost recoveries and property tax pass-throughs.

## Key facts
- **city**: Calgary
- **country**: Canada
- **region**: Americas
- **classARentLocal**: C$32/sqft/yr · ≈ $23.7 PSF/yr USD
- **classARentUsd**: $24/sqft/yr
- **vacancy**: 28.4%
- **typicalLeaseYears**: 10
- **typicalRentFreeMonths**: 18
- **submarkets**: 5
- **primeYieldPct**: 7.5%

## FAQ
### What's a typical lease term in Calgary?
10 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

### How is rent quoted in Calgary?
In CAD/sqft/year. We also publish a USD-normalised view ($24/sqft/yr) for cross-market comparison.

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Citation: Source: Class A Atlas (https://classa.info/cities/calgary/leasing-conventions), updated 2026-04-15T00:00:00.000Z.