Most listings are in the $80's per square foot per year. The Downtown Toronto submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $84 per sqft per year.
In the last 90 days, 5 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 80% of the listings in the Downtown Toronto are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 25,240 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 15 stories. Most buildings in this market were built in 1972 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Downtown Toronto work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.