Toronto Continues to Offer Many Office Lease/Rental Options to Companies
How does the Toronto office space for rent market compare to the US market? In an article last month in the Globe and Mail about office space for lease or rent in Toronto and six other Canadian markets , it was reported that the vacancy rates in Canada are essentially half of those in the U.S.
Regardless of the type of development, complex or building, rental and lease rates remain consistent in most geographical areas as it relates to the Toronto commercial real estate market including: North York, Richmond Hill, Thornhill, Oakville, Burlington, Brampton, Aurora, Pickering, Ajax, Markham, Scarborough, Etobicoke, Mississauga, Vaughan and Concord.
Part of the reasoning may be that Toronto offices spaces for lease and rent are accessible for employees, which is an important consideration for corporations when considering what type of Toronto office space to lease or rent. Besides the Toronto subway system, away from the downtown Toronto core, there are many other means of getting to buildings including the GO Train, GO Bus, York Transit, VIVA Bus, Mississauga Transit, MetroLinx, Union Station, PATH, Streetcar, Bus, Billy Bishop Toronto City Airport and the Island Airport.
When looking to lease or rent Toronto office space specifically in the downtown concentration, proximity to subways is an added bonus. As is the fact that many of the main developers that are know in the Toronto office space rental sector (for example: Dundee Realty, Oxford Properties, Brookfield Properties, Cadillac Fairview, Bentall Kennedy, GWL Realty Advisors, Manulife Real Estate, H&R REIT, Triovest Realty Advisors, Morguard, Allied Properties REIT, Menkes Developments, Northam Realty Advisors, Crown Property Management, Orlando Corporation, GE Capital Real Estate, Amexon
Property Management, Canderel, Epic Realty Partners, Davpart and RioCan REIT) have developed buildings on key streets including: Yonge, Bay, Bloor, Adelaide, Richmond, Queen, Wellington, Richmond, University and St. Clair.)
Companies interested in office space for rent or lease have many options to consider when looking at available space. The Toronto offers many options for every need and budget.