Why implement your office in Calgary?

Calgary has experienced dynamic trends in recent years. The city's economic resilience, diverse industries, and business-friendly environment have contributed to a robust office leasing market. Calgary serves as a hub for the oil and gas sector, while also embracing technology, finance, and other emerging industries. The downtown core, particularly the Beltline and Eau Claire districts, remains the focal point for office leasing activity. With a range of modern high-rise towers and refurbished heritage buildings, Calgary offers a variety of office spaces to cater to different business needs. Despite some fluctuations due to economic cycles, the city continues to attract companies seeking a strategic location with excellent connectivity, an educated workforce, and a supportive entrepreneurial ecosystem.

How much does it cost to rent an office in Calgary?

The cost of renting an office in Calgary can vary widely depending on factors such as location, size, and the amenities included. On average, office rental rates in Calgary range from approximately CAD $20 to $40 per square foot per year.

To read: our Calgary MarketBeat Office report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are office space rents likely to increase in Calgary?

It's difficult to predict with certainty whether office space rents will increase in Calgary, as there are many factors that can impact rental rates in the real estate market. However, there are several factors that suggest that office space rents in Calgary could increase in the coming years.

Popular neighborhoods in Calgary

Calgary offers several popular neighborhoods for leasing office space, each with its own unique characteristics and advantages. Here are some sought-after neighborhoods for office leasing in Calgary:

• Downtown Calgary: The central business district of Calgary is a prime location for office space. It is home to numerous corporate headquarters, financial institutions, and professional service firms. The downtown core offers a mix of modern high-rise office towers and refurbished heritage buildings.
• Beltline: Adjacent to downtown, the Beltline neighborhood is a bustling area with a vibrant mix of businesses, restaurants, and entertainment venues. It offers a range of office spaces, including converted warehouses, lofts, and modern office buildings.
• Eau Claire: Located along the Bow River, Eau Claire is known for its scenic views and proximity to downtown. The neighborhood features a variety of office spaces, including high-rise buildings with riverfront views and easy access to amenities like parks and walking paths.
• Mission: Situated southwest of downtown, Mission is a trendy neighborhood that blends commercial and residential spaces. It offers a mix of office spaces, including character buildings and modern developments, along with a vibrant dining and shopping scene.
• Kensington: Located northwest of downtown, Kensington is a lively and walkable neighborhood with a mix of office spaces, boutiques, cafes, and restaurants. It is popular among creative and tech-focused businesses.
• Quarry Park: Situated in the southeast part of the city, Quarry Park is a growing business park with a range of office spaces. It offers a suburban setting with amenities like parks, walking trails, and a mix of retail and dining options.

Getting to and from Calgary

Getting to and from Calgary, a major city in Alberta, Canada, can be done through several transportation options. Here are some common ways to travel to and from Calgary:

• Air travel: Calgary International Airport (YYC) is the primary airport serving the city. It offers a wide range of domestic and international flights, connecting Calgary to major cities worldwide. Various airlines operate regular flights to and from YYC.
• Car: Calgary has excellent road connectivity. The Trans-Canada Highway (Highway 1) runs through the city, providing access from both east and west. Other major highways like Deerfoot Trail (Highway 2) and Stoney Trail (Highway 201) connect Calgary to nearby regions. Renting a car or driving your own vehicle is a convenient option for reaching and departing from Calgary.
• Bus: Several bus companies offer intercity services connecting Calgary to various destinations. Greyhound and Red Arrow are popular operators providing scheduled services to cities within Alberta and neighboring provinces. The Calgary Greyhound Terminal and the Calgary International Airport Ground Transportation Centre serve as major bus hubs.
• Train: While Calgary is not directly served by passenger trains, the city is accessible by train via nearby stations. Via Rail operates services to stations like Edmonton and Jasper, from where travelers can take connecting buses or other transportation options to reach Calgary.
• Public Transit: Calgary has an efficient public transit system operated by Calgary Transit. Buses and CTrains (light rail transit) provide transportation within the city and to nearby communities. The CTrain system is particularly useful for commuting within Calgary.