The typical asking rate per listing is in the $80's per square foot per year. The Downtown Toronto region is seeing a a rise in rates. In the last 3 months, the median rate increased $84 per sqft per year.
In the last 90 days, 5 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 80% of the listings in the Downtown Toronto are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 25,240 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 15 stories. Most buildings in this area were built in 1972 and are Class A.
Public administration is the dominant industry in this area. Most of the occupants 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.