Calgary office market report

Q3 2024

Strong quarter for office leasing


Positive leasing activity was recorded across Calgary’s office submarkets in Q3 2024. Downtown led the way with over 200,000 square feet (sf) of positive absorption, the majority of which was in class AA office space.

24.5%

Downtown vacancy rate

204,948 sf absorption

19.6%

Beltline vacancy rate

90, 286 sf absorption

16.9%

Suburban vacancy rate

11,313 sf absorption

21.6%

Overall vacancy rate

306,547 sf absorption

Your source for the latest Calgary office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater British Columbia area. Avison Young advisors look at Calgary commercial real estate activities and the latest Calgary statistics to provide you expert market research on Calgary's office properties.

Explore different topics like the latest office market pricing trends and analysis of Calgary's current office real estate market conditions. Gain a better understanding of Calgary’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Calgary's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Calgary.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

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