Most listings are 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 went up $84 per sqft per year.
In the last 90 days, 5 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 80% of the office spaces in the Downtown Toronto 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 posted, so finding a space for a small business might be tough.
Even though the median size is 25,240 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are close to 15 stories. Most buildings in this area were built in 1972 and are Class A.
Public administration is the dominant industry in this market. 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.