Calgary Office Real Estate Market
Q1 2026 Calgary office market reported vacancy rate (Metro) at 21.2%. Avg net asking rent (all classes) at $16.41/sf and downtown office cap rate (Class A) at 10.5%. Additional indicators included downtown vacancy rate at 26.0% and net absorption (YTD) at -137K sf.
Vacancy, net asking rents, cap rates, absorption, submarket detail and public-REIT exposure across Calgary, drawn from broker research. Q1 2026 · Updated July 8, 2026.
Sources: CBRE caprates capital markets Q1 2026; Cushman & Wakefield office Q1 2026 · Q1 2026 broker research
Vacancy rate (Metro)
21.2%
1 broker source
Downtown vacancy rate
26.0%
1 broker source
Avg net asking rent (all classes)
$16.41/sf
1 broker source
Net absorption (YTD)
-137K sf
1 broker source
Downtown office cap rate (Class A)
10.5%
1 broker source
Sub-sector detail
Current values shown — the published trailing range is flat, so there is no range comparison to draw
| Submarket | Vacancy | Net asking rent ($/sf) |
|---|