--- title: "Investment banking office space in Calgary" description: "Where investment banking occupiers cluster in Calgary, what they pay, and what the typical fit-out looks like." canonical: https://classa.info/cities/calgary/industries/investment-banking pageType: city-industry lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Investment banking occupiers in Calgary typically cluster in Downtown Core, plan ~215 sqft per seat at trophy 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 ~215 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. # Investment banking office space in Calgary **Investment banking occupiers in Calgary typically cluster in Downtown Core, plan ~215 sqft per seat at trophy [fit-out](/topics/fit-out-capex)">fit-out ($220–310/sqft), and pay around 32 CAD/sqft ($24 USD) on [Class A](/glossary/class-a).** ## TL;DR - Preferred submarket: Downtown Core. - Typical fit-out spec: Trophy ($220–310/sqft). - Plan ~215 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 Investment banking 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 investment banking 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 215 sqft per seat blended (workstation + circulation + amenity). A 100-headcount banking office in Calgary typically targets 21,500 sqft of leasable area. ## Talent angle Bulge-bracket teams favor signature trophy assets with full client-facing programming and large floor plates. 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 | city | Calgary| | industry | Investment banking| | naics | 523150, 522110| | preferredSubmarket | Downtown Core| | preferredFitoutSpec | Trophy| | fitoutBand | $220–310/sqft| | sqftPerSeat | 215| | classARentLocal | 32 CAD/sqft/yr| | classARentUsd | $24/sqft/yr| | vacancyPct | 28.4%| | typicalLeaseYears | 10| | typicalRentFreeMonths | 18| | talentIndex | 76| | corporateTaxPct | 23%| ## Frequently asked questions ****Where do investment banking 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 investment banking occupiers run in Calgary?**** : Typically trophy at $220–310/sqft. ****How much office space per seat should a investment banking occupier plan in Calgary?**** : Plan ~215 sqft per seat blended. A 100-person team typically takes 21,500 sqft. ****What NAICS codes describe the investment banking vertical?**** : Representative NAICS 2022 codes: 523150, 522110. ****What is the talent index in Calgary?**** : 76/100. Use the city profile for full detail. ## Related - [**Investment banking — global overview**](/industries/investment-banking) - [**Calgary — full city profile**](/cities/calgary) - [**Financial services in Calgary**](/cities/calgary/industries/financial-services) - [**Asset management in Calgary**](/cities/calgary/industries/asset-management) - [**Legal services in Calgary**](/cities/calgary/industries/legal-services) - [**Big tech in Calgary**](/cities/calgary/industries/big-tech) ## Editorial provenance Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) ## Related topics - [**Class A Lease Negotiation**](/topics/class-a-lease-negotiation) — How to negotiate a Class A office lease — the playbook from LOI to signed deal. - [**Hybrid Workplace Strategy**](/topics/hybrid-workplace-strategy) — How to size, structure, and lease a Class A office for a hybrid workforce. - [**ESG / LEED for Tenants**](/topics/esg-leed-tenants) — How tenants evaluate, negotiate, and report on ESG performance in a Class A office lease. - [**Cross-border Expansion**](/topics/cross-border-expansion) — How to run a coordinated Class A office search across multiple geographies. - [**Fit-out Capex**](/topics/fit-out-capex) — How to budget, sequence, and govern Class A office fit-out capex. - [**Lease vs Flex**](/topics/lease-vs-flex) — When premium flex (coworking, [managed office](/glossary/managed-office)) beats a conventional Class A lease — and vice versa. --- Citation: Source: Class A Atlas (https://classa.info/cities/calgary/industries/investment-banking), updated 2026-04-15T00:00:00.000Z.