On average, listings lease in the $0's per square foot per year. The Downtown Toronto submarket is seeing a decline in rates. In the last 3 months, the median rate fell $84 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 5 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this region are around 15 floors. 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.