Flexible office models spark interest amid Calgary’s rising tech demand

Flexible, fully serviced office space is emerging as a key niche in Calgary’s office market, allowing landlords and operators to manage elevated vacancy rates while adapting to post-pandemic work trends. Downtown buildings host the largest share of coworking space, with the top three operators controlling roughly 66% of city-wide inventory. Great for startups, this model provides users with fully furnished and serviced office space through flexible contracts at lower cost than a regular term lease.
The majority of coworking space is located in high-quality Class A buildings, which provide modern, adaptable office options. Elevated downtown vacancy and competitive lease rates give landlords the opportunity to modernize and launch flexible spaces efficiently. With a wider scope of demand and economic diversification, repurposed industrial and heritage buildings can cater to small companies and entrepreneurs requiring mixed-use office and light industrial space, while offering unique market presence and innovative workspace concepts.
A healthy coworking market is essential to the city’s growing tech sector by providing solutions for consultants, small start-ups, and emerging companies. Calgary’s tech sector is rapidly expanding with approximately $2.4 billion of venture capital being invested over the past 4 years. Combined with a historically business-friendly environment for startups, the tech sector is fueling strong demand for coworking solutions.

December 9, 2025

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