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Savills notes welcome jump in fourth quarter office leasing, but Calgary market remains fragile

Leasing activity largely consists of in-market relocations
ATB Financial plans to relocate its Calgary operations into the former Suncor offices at Suncor Energy Centre, a twin-tower complex at 150 Sixth Avenue SW. (CoStar)
ATB Financial plans to relocate its Calgary operations into the former Suncor offices at Suncor Energy Centre, a twin-tower complex at 150 Sixth Avenue SW. (CoStar)
CoStar News
January 26, 2026 | 8:59 P.M.

Calgary closed out 2025 with one of its strongest office leasing quarters in years, according to a new report from Savills, marking a rare stretch of momentum in a market long defined by high vacancy.

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News | Savills notes welcome jump in fourth quarter office leasing, but Calgary market remains fragile