In 2022, the asking rent for office space in Downtown Toronto amounted to 41.9 Canadian dollars per square foot. Downtown South Toronto was the most expensive submarket in the city, followed by the Financial Core submarket.
Toronto had one of the lowest vacancy rate for office space among leading cities in North America in 2020. Vancouver had the second lowest vacancy rate, whereas Montreal had the highest among the cities in the region. Vancouver has one of the most expensive housing markets globally, yet demand for office space in lower than in Toronto.
Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket
(in Canadian dollars)
Characteristic
Asking rent per square foot in Canadian dollars
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JLL. (May 5, 2022). Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket (in Canadian dollars) [Graph]. In Statista. Retrieved July 26, 2024, from https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/
JLL. "Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket (in Canadian dollars)." Chart. May 5, 2022. Statista. Accessed July 26, 2024. https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/
JLL. (2022). Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket (in Canadian dollars). Statista. Statista Inc.. Accessed: July 26, 2024. https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/
JLL. "Asking Rent per Square Foot of Office Space in Toronto in The 1st Quarter 2022, by Submarket (in Canadian Dollars)." Statista, Statista Inc., 5 May 2022, https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/
JLL, Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket (in Canadian dollars) Statista, https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/ (last visited July 26, 2024)
Asking rent per square foot of office space in Toronto in the 1st quarter 2022, by submarket (in Canadian dollars) [Graph], JLL, May 5, 2022. [Online]. Available: https://www.statista.com/statistics/802500/asking-rent-per-sf-office-space-toronto-by-submarket/