The typical asking rate per listing is in the $30's per square foot per year. The Ontario submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 16% decrease in rent.
In the last 90 days, 24 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings in the Ontario are subleases, so you might be able to snag a great spot on a short term. 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 3,980 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 2 floors. Most buildings in this market were built in 1986 and are Class A.