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Calgary office leasing regains footing as tenant demand broadens

Market shows clearer signs of stabilization in 2026
Office tenants leased more than 160,000 square feet at the Imperial Oil Campus in suburban Calgary during the second quarter. (CoStar)
Office tenants leased more than 160,000 square feet at the Imperial Oil Campus in suburban Calgary during the second quarter. (CoStar)
CoStar Analytics
July 20, 2026 | 12:01 P.M.

Calgary’s office market is showing clearer signs of stabilization in 2026 with broader leasing across tenant sizes and locations, even as corporate consolidation in the energy sector adds pockets of sublease space.

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  • Properties