On average, listings lease in the $30's per square foot per year. The Ontario region is experiencing 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 come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the Ontario 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 3,980 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 1986 and are Class A.