The typical asking rate per listing is in the $80's per square foot per year. The Toronto submarket is going through a an increase in rates. In the last 3 months, the median rate increased $84 per sqft per year.
In the last 90 days, 10 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 90% of the office spaces in the 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 39,310 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 8 stories. Most buildings in this area were built in 1980 and are Class A.