Most listings are in the $40's per square foot per year. The Ontario region is experiencing a decline in rates. In the last 3 months, the median rate fell $40 per sqft per year. That's a 48% decrease in rent.
In the last 90 days, 24 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Ontario are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1986 and are Class A.