# Calgary Class A office rents and incentives

> Headline Class A rent in Calgary is around C$32/sqft/yr · ≈ $23.7 PSF/yr USD, with 18 months of typical rent-free on a 10-year term.

**Canonical URL:** https://classa.info/cities/calgary/rents-and-incentives
**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
- Headline Class A rent: C$32/sqft/yr · ≈ $23.7 PSF/yr USD.
- Trophy submarket rents (Downtown Core) push to roughly C$36/sqft/yr · ≈ $26.6 PSF/yr USD.
- Typical concessions on a 10-year deal: 18 months free rent.
- Vacancy stands at 28.4% — market trend is softening.
- Use effective rent (face minus PV of concessions), not headline, to compare deals.

## 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%
- **trophyRent**: C$36/sqft/yr · ≈ $26.6 PSF/yr USD
- **primeRent**: C$28/sqft/yr · ≈ $20.7 PSF/yr USD

## FAQ
### What is the average Class A rent in Calgary?
Around C$32/sqft/yr · ≈ $23.7 PSF/yr USD across the broader Class A index. Trophy submarkets like Downtown Core command 20–40% above that.

### How many months of rent-free are normal in Calgary?
18 months on a 10-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

### Are rents rising or falling in Calgary?
The Calgary Class A market is currently softening. Vacancy is 28.4%, which sets the negotiating context.

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