Amendment No. 1 to the Equity Distribution Agreement, dated November 1, 2018, by and among City Office REIT, Inc., City Office Operating Partnership, L.P. and KeyBanc Capital Markets Inc

Exhibit 1.4

CITY OFFICE REIT, INC.

AMENDMENT NO. 1 TO

EQUITY DISTRIBUTION AGREEMENT

November 1, 2018

KeyBanc Capital Markets Inc.

127 Public Square, 4th Floor

Cleveland, OH 44114

Ladies and Gentlemen:

Reference is made to that certain Equity Distribution Agreement, dated June 16, 2017 (the “Equity Distribution Agreement”), between City Office REIT, Inc., a Maryland corporation (the “Company”) and the sole general partner of City Office REIT Operating Partnership, L.P., a Maryland limited partnership (the “Operating Partnership”) and KeyBanc Capital Markets Inc. (the “Manager”), as sales agent and/or principal, pursuant to which the Company proposed to sell from time to time through the Manager and the Alternative Managers shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and shares of the Company’s 6.625% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), having an aggregate offering size not to exceed 6,000,000 shares of Common Stock and 1,000,000 shares of Series A Preferred Stock (the “Maximum Number”) on the terms set forth in the Equity Distribution Agreement. All capitalized terms used in this Amendment No. 1 to the Equity Distribution Agreement (this “Amendment”) and not otherwise defined herein shall have the respective meanings assigned to such terms in the Equity Distribution Agreement. In consideration of the mutual agreement to enter into this Amendment, the parties hereto, intending legally to be bound, hereby amend and modify the Equity Distribution Agreement as of the date hereof, with effect from the date hereof and not retroactively, as follows:

(1) The heading of the Equity Distribution Agreement on the first page is hereby deleted and replaced in its entirety with the following:

“Up to 8,000,000 Shares of Common Stock

(par value $0.01 per share)

Up to 1,000,000 Shares of 6.625% Series A Cumulative Redeemable Preferred Stock

(par value $0.01 per share)”

(2) The first paragraph of Section 1 of the Equity Distribution Agreement is hereby deleted and replaced in its entirety with the following:

“SECTION 1. Description of Shares. The Company may, from time to time during the term of this Agreement, issue and sell through or to the Manager, as sales agent and/or principal, up to 8,000,000 shares (the “Common Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), and up to 1,000,000 shares (the “Series A Preferred Shares” and, together with the Common Shares, the “Shares”) of 6.625% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”), on the terms and subject to the conditions set forth herein. The Company and the Operating Partnership each agree that, whenever the Company determines to sell Shares directly to the Manager as principal, it will enter into a separate agreement (each, a “Terms Agreement”), in form and substance mutually satisfactory to the Company, the Operating Partnership and the Manager, relating to such sale in accordance with Section 3 hereof. The Company and the Operating Partnership have also entered into equity distribution agreements, each dated the date hereof, as amended by an Amendment No. 1 to each of the separate equity distribution agreements, each dated as of November 1, 2018, pursuant to which the Company may, from time to time during the term of such Alternative Distribution Agreement, issue and sell through or to Raymond James & Associates, Inc. and BMO Capital Markets Corp. (each, an “Alternative Manager” and, together with any other manager with which the Company and Operating Partnership may enter into an equity distribution agreement with respect to the Shares, the “Alternative Managers” and such agreements, collectively, together with any other equity distribution agreement with respect to the Shares into which the Company and the Partnership may enter into with Alternative Managers, each, an “Alternative Distribution Agreement,” and collectively, the “Alternative Distribution Agreements”), each as sales agent and/or principal, not to exceed 8,000,000 Common Shares and 1,000,000 Series A Preferred Shares for each such Alternative Manager, for an aggregate offering size not to exceed 8,000,000 shares of Common Stock and 1,000,000 Series A Preferred Shares (the “Maximum Number”). The aggregate number of Shares that may be sold pursuant to this Agreement and pursuant to the Alternative Distribution Agreements shall not exceed the Maximum Number.”

(3) In the heading and in the first paragraph of Exhibit A-1 to the Equity Distribution Agreement, references to “6,000,000” are hereby replaced with “8,000,000.”

(4) In the heading and in the first paragraph of Exhibit A-2 to the Equity Distribution Agreement, references to “6,000,000” are hereby replaced with “8,000,000.”

(5) In the first paragraph of Exhibit A-3 to the Equity Distribution Agreement, reference to “6,000,000” is hereby replaced with “8,000,000.”

(6) In the subject description and in the second paragraph of Exhibit B to the Equity Distribution Agreement, references to “6,000,000” are hereby replaced with “8,000,000.”

Settlement for sales of Shares pursuant to this Section 3(a) will occur on the second business day (or such earlier day as is industry practice for regular-way trading and as mutually agreed by the Company and the Manager) that is also a trading day on the NYSE following the date on which such sales are made (each such date, a “Settlement Date”).

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[Signature Pages Follow]

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If the foregoing correctly sets forth the understanding among the Company, the Operating Partnership and the Manager, please so indicate in the space provided below for that purpose, whereupon this Amendment and your acceptance shall constitute a binding agreement among the Company, the Operating Partnership and the Manager. Alternatively, the execution of this Amendment by the Company and the Operating Partnership and its acceptance by or on behalf of the Manager may be evidenced by an exchange of telegraphic or other written communications.

[Signature Page to Amendment No. 1 to Equity Distribution Agreement – KeyBanc Capital Markets Inc.]

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[Signature Page to Amendment No. 1 to Equity Distribution Agreement – KeyBanc Capital Markets Inc.]

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