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Structures may predominantly inelastically deform in a single direction during earthquakes and incur greater damage. This behavior is known as seismic ratcheting and can be caused by eccentric gravity loads. Code clauses were introduced in Canada and New Zealand to amplify displacements obtained from static analysis methods to consider seismic ratcheting effects. However, such clauses are based on analyses of reinforced concrete (RC) wall or single‐degree‐of‐freedom (SDOF) structures, and methods to mitigate seismic ratcheting behavior were not explicitly provided. In this study, parametric analyses of steel and RC moment resisting frame buildings were performed to evaluate the adequacy of code clauses, identify parameters which influence seismic ratcheting behavior, and propose methods to mitigate such behavior. It was found that the New Zealand code underestimated the displacement increase for RC buildings, though it was able to envelope the displacement increase for steel buildings while the Canadian code was conservative. Additionally, the displacement increase was found to be sensitive to the building's post‐yield behavior and ground motion properties. However, assumptions of these properties during design may not be reflective of the actual building and seismic conditions, indicating that a reliable estimate of the increase in displacement is difficult to obtain. Instead, employing mitigation measures to reduce seismic ratcheting effects, such as designing to higher seismic demands, adding a secondary structural system to increase the building's post‐elastic stiffness, or providing more balanced lateral strengths after adjusting for eccentric gravity load effects are better measures to counter seismic ratcheting effects caused by eccentric gravity loads. [ABSTRACT FROM AUTHOR]